Examples of Purchaser Employer in a sentence
Extension of bid validity shall not be allowed with reference to Contracts subject to Bank prior review without the prior concurrence of the Bank (i) for the first request for extension if it is longer than four weeks; and (ii) for all subsequent requests for extension irrespective of the period (such concurrence will be considered by Bank only in cases of Force Majeure and circumstances beyond the control of the Purchaser/ Employer).
Purchaser/ Employer shall have the right to increase/ decrease the ordered quantity by 20% within 50 days of the period of completion of supply order and the same shall be supplied at the same rates/ prices and terms and conditions stipulated in the order except in regard to delivery schedule, which shall be mutually agreed upon in case of increase in the ordered quantity.
Any change/ alteration of name/ constitution/ organization of supplier shall be duly notified to the Purchaser/ Employer and the Purchaser/ Employer reserves the right to determine the contract, in case of any such notification.
At any stage after tendering, the Purchaser/ Employer shall deal with the Supplier/ Contractor only in the name and the address under which he submitted the tender.
Acceptance of the order(s) in writing shall be conveyed by the supplier to the Purchaser/ Employer within 10 (ten) days from the date of issue of the purchase order failing which, it will be presumed that all the terms and conditions of the purchase order are acceptable by him in full.
The Purchaser may however, in his discretion deal with agents/ representatives/ distributors/ manufacturers/ associates/ principals/ sister concerns and such dealings shall not absolve the Supplier/ Contractor from the responsibilities/ obligations/ liabilities to the Purchaser/ Employer under the contract.
The Purchaser/ Employer shall compensate for any change in the work caused due to inaccurate information supplied by him to the Contractor.
The Purchaser/ Employer and his duly authorized representative shall have at all reasonable time access to the Contractor’s premises or works and shall have the power to inspect and examine the materials including raw materials used and the workmanship of the product during manufacture.
Payment vide clause (B)(I) & (B)(2) would be made provided the Contractor submits to the Purchaser/ Employer a bank guarantee equivalent to 90% of the consignment value, which will be released after the consignment is received in full and good condition.
However, the Purchaser/ Employer shall be responsible for drawings and information supplied by him.