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Home > News & Events >Events Tender Glossary of Terms Interpretation

Corrupt Practice: It is the offering, giving, receiving, or soliciting, directly or indirectly, anything of value to influence improperly the action of the other party.
 
Contract Price: The total price of all the goods and services included in the contract which will be payable to the supplier on the fulfillment of all obligations under the contract.
 
Contract Document:  The documents listed in the Agreement, including amendments thereto. Subject to the order of precedence set forth in the Agreement, all documents forming the Contract (and all parts thereof) are intended to be correlative, complementary and mutually explanatory
 
Corruption: It is the dishonest activity especially the involvement in bribery. Corruption in case of construction projects is the action of the other party.
 
Completion: The fulfillment of the related services by the Supplier in accordance with the terms and conditions set forth in the contract.
 
Hanfong New energy technology Co., Ltd
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.