Article Of Agreement In Tender
The contractual document is the agreement between the department or the client or the organization with the contractor for the execution of the contractual documents are the agreement reached between the owner or the party or the department and the contractor to carry out the work according to the terms of the contract at the rates indicated by the contractor. This article is very useful for learning more about tender documents and contract documents. Thank you very much! In fact, tender documents and contract documents refer to the same set of documents. However, the main difference is that the first is the appropriate title for the document before the contract is signed and that it is used to select an appropriate contractor for the execution of the work. The latter is certainly the appropriate title for documents after the signing of the contract and is used for the execution of the work. In other words, before the award of the contract, the documents issued are referred to as tender documents and, after the award of the contract, the documents issued become contract documents. If you agree with me, indicate and have differing opinions, let us know what you think. Thank you very much. The tender documents contain the parts lists (BOQ), the specifications of the work to be carried out, the timetable for the completion of the work, the market conditions as well as the plans and drawings.
These documents are made available to the contractor for payment of certain taxes. The contractor, which indicates the lowest rates for all work, offers the market for the execution of the work. The tender is a kind of invitation and the contract is the invitation card. Tender is submitted in the ppp model or if the government does not publish enough money and manpower on that date government or agency or agency to open a tender and for the acquisition of these different contractors their own rates to government or agency and who have a lower price rate than contractors have this offer and this contractor can work on this offer , but for work have signed certain conditions For contractors and that conditions like you have to finish the job in a certain period of time, certain qualities and deposit of money like EMD, SD, etc etc etc and these conditions are the contractual documents. To understand the difference between tendering documents and contract documents, we must first understand what these documents contain. In the recitals, the agreement is relegated to the background with factual details on the basis of the contract. Seven recitals describe what is needed and what has happened. Can we cite tender documents as contractual documents when we designate LOA to the contractor? If not, what`s the difference? There are also some restrictions on obtaining tender documents. In some cases, the licensee may receive the tender document, which is only a matter.
An offer is a written offer to contractors to perform the work indicated or to provide certain materials within a specified time frame and in accordance with the terms of the contract and agreement between the contractor and the owner or department or party. It is a letter — a bidding document. This document is in complete agreement. Once the tender is complete, the contractor and the client are subject to an agreement to have the project completed on time, with the same specifications and working procedure as mentioned in the tender document. If the project is delayed by the contractor, the penalty covers a few percent of the total cost of the project. This agreement is documented in the form of a contractual document. While the tender documents contain the terms of the contract and all the details for the work indicated, there is no big difference in content between the two.