Partnering definition

Partnering means a form of collaborative working between partners and in contrast with traditional ‘arm’s length’ procurement and contract-management approaches, partnering is characterised by a greater degree of openness, communication, mutual trust and sharing information. There may often be a long-term relationship, which requires clear roles and responsibilities for decision making and effective performance reporting. Entering into such agreements is subject to the same rules of competition as other forms of agreement and may be an adjunct to a competitively tendered procurement.

Partnering means a procedure for structured and regular exchanges between the Contracting Authority and the private partner aimed at monitoring in a consensual manner the implementation of the PPP project over its life;

Partnering. As part of this collaborative relationship, a cooperative management team will be developed to achieve a quality project within budget and on schedule. Collaboration is strongly encouraged in preference to formal dispute resolution and adjudication mechanisms. Collaboration in this context is intended to be mandatory, but non-binding. The identified procedures will be available for use by the Partners to resolve issues that may arise during the performance of Facility Work.

Examples of Partnering in a sentence

• VitalePresident and Chief Investment OfficerA signed original of this written statement required by Section 906 has been provided to Post Holdings Partnering Corporation and will be retained by Post Holdings Partnering Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

• The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Partnering Transaction (the “Consummation Date”).

• Accordingly, Indemnitee acknowledges and agrees that any indemnification provided hereto will only be able to be satisfied by the Company if (i) the Company has sufficient funds outside of the trust account to satisfy its obligations hereunder or (ii) the Company consummates a Partnering Transaction.

• In the event that Licensee wishes to exercise the Partnering Right, Licensee shall first provide to Bayer the Partnering Right Notification.

• Partnering with regulatory consultants in other countries is especially useful for small businesses with limited regulatory resources.

More Definitions of Partnering

Partnering or “Teaming” is a mutual effort by all parties involved in the Project, principally the Owner, the Design Professional and the CM@Risk, to cooperate and coordinate efforts to achieve the final result intended by the Project Criteria. All involved use their expertise for the benefit of all. Partnering requires flexibility and appreciation of the positions of other parties and willingness to make compromises for the benefit of all. Owner has the exclusive right to decide whether or not to use Partnering on the Project and will indicate its decision on this during the Pre-Construction Phase.

Partnering means a relationship based on:

Partnering means any activity directed at identifying, negotiating, and concluding a commercial relationship with a Third Party to further Develop a Product in the Field for the ultimate purpose of Commercializing such Product in the Field after or in expectation of receipt of Regulatory Approval for such Product.

Partnering means for each partner that they;

Partnering means an agreement between the Council and a Contractor which isAgreement” intended to govern the way in which both parties work together in the management and delivery of the Contract. The basis of the agreement would normally imply a long-term relationship based on trust and on clear mutually agreed objectives.

Partnering and similar agreements or understandings;

Partnering means only the open working relationship to the mutual benefit of both organisations.