Lear some knowledge about Tender Glossary is vert necessarily for doing international business.
Hanfong New Energy devote to the solar photovoltaic system include MPPT solar controller
. Hanfong is an car power inverter suppliers, power inverter manufacturers
located in Guangzhou City. when summer coming always receive many tender document. Below let’s learn some Glossary of Terms generally used in the tender document.
Corrected Bid Price: Total Bid price obtained after the arithmetical error corrections.
Delivery: The transfer of the Goods from the Supplier to the Purchaser in accordance with the terms and conditions set forth in the contract.
Day: The calendar day.
Evaluated Price: The total price obtained after the Financial Evaluation.
Fraudulent Practice: It is a practice of gaining of a materials advantage dishonestly. It is a practice that is false or impostor. It is any act or omission, including mis-representation, which knowingly misleads or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation.
Goods: All of the goods (Hardware and Software), which the supplier is required to supply and deliver to the Nepal Telecom under the contract.