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Home > News & Events >News Glossary Meaning in Tender Document

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. hence it is very important and necessarily to know what the glossary meaning in the tender document. Below let’s learn some Glossary of Terms generally used in the tender document. 
 
Nepal Telecom (NT):  The purchaser, Nepal Doorsanchar Company Limited
Purchaser: The organization purchasing the Goods, i.e. Nepal Telecom
Supplier: The Suppliermeans the individual or firm supplying the goods under this contract;
 
Successful Bid: The Bid that substantially complies with the technical, commercial and financial requirements of the tender and determined to be the Lowest Evaluated Price.
 
Service: The services ancillary to the supply of the Goods, such as transportation and insurance, and any other incidental services, such as installation, commissioning, provision of technical assistance, training, warranty, Extended Warranty, AMC and other such obligations of the Supplier covered under the Contract.
 
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