Examples of Tender Price in a sentence

    • All duties, taxes, and other levies payable by the Contractor under the Contract, or for any other cause, as of the date 30 days prior to the deadline for submission of Tenders, shall be included in the rates and prices and the total Tender Price submitted by the Tenderer.

    • Provided that a tender is substantially responsive, the Procuring Entity shall rectify quantifiable nonmaterial non-conformities related to the Tender Price.

    • An Abnormally Low Tender is one where the Tender price, in combination with other elements of the Tender, appears so low that it raises material concerns as to the capability of the Tenderer in regards to the Tenderer's ability to perform the Contract for the offered Tender Price or that genuine competition between Tenderers is compromised.

    • If the Procuring Entity determines that the Tender Price is abnormally too high because genuine competition between tenderers is compromised (often due to collusion, corruption or other manipulations), the Procuring Entity shall reject all Tenders and shall institute or cause competent Government Agencies to institute an investigation on the cause of the compromise, before retendering.

    • After evaluation of the price analyses, in the event that the Procuring Entity determines that the Tenderer has failed to demonstrate its capability to perform the Contract for the offered Tender Price, the Procuring Entity shall reject the Tender.

    More Definitions of Tender Price

    What is tender price example?
    Tender Price means the amount indicated by a Bidder as the lowest amount for which that Bidder is prepared to perform the Contract. Tender Price means the price or amounts set out in the Form of Tender. more
    What is the first step in determining price Determine costs Study competition set a price point Establishing price objectives?
    The first crucial step in price planning is to develop pricing objectives. These must support the broader objectives of the​ firm, such as maximizing shareholder​ value, as well as its overall marketing​ objectives, such as increasing market share. more
    How tender price is calculated?
    This price is ascertained on the basis of previous cost sheet or production account. In ascertaining expected cost in the future, the items of previous elements of cost are considered with due regard to expected changes in the future. Estimated cost is increased by desired profit to ascertain tender price or quotation. more
    How do you price tender documents?
    A suggestion is that if your usual mark-up is 25% then tender at 18% to 20%. Remember that you are going to save on direct costs as well as on other expenses such as advertising, telephone costs and much more. Use these savings to lower your price. more
    Is a tender a fixed price?
    In the context of a buyback of shares, where the shareholders are invited to sell their shares or “tender” them to the company at either a fixed price or at a maximum price. In a fixed price tender, shareholders are offered the opportunity to sell some or all of their shares in a company at a fixed price. more
    Is invoice price the final price?
    The invoice price is what the dealer pays the vehicle's manufacturer. If dealerships can sell the vehicle for more than the invoice price, they keep that excess as profit. The invoice price usually includes the base price for the vehicle itself, plus additional costs the manufacturer pays, such as advertising. more
    How tender price is calculated?
    This price is ascertained on the basis of previous cost sheet or production account. In ascertaining expected cost in the future, the items of previous elements of cost are considered with due regard to expected changes in the future. Estimated cost is increased by desired profit to ascertain tender price or quotation. more
    Is a tender a fixed price?
    In the context of a buyback of shares, where the shareholders are invited to sell their shares or “tender” them to the company at either a fixed price or at a maximum price. In a fixed price tender, shareholders are offered the opportunity to sell some or all of their shares in a company at a fixed price. more
    How do you calculate tender price?
    When the tender or quotation price is to be ascertained for a different product, the cost of direct material, direct labour and other direct expenses will be estimated. The total of these will be prime cost Works overheads, office overheads and selling overheads will be added there to on the basis of absorption rates. more
    How do you calculate tender price?
    When the tender or quotation price is to be ascertained for a different product, the cost of direct material, direct labour and other direct expenses will be estimated. The total of these will be prime cost Works overheads, office overheads and selling overheads will be added there to on the basis of absorption rates. more
    How do you price tender documents?
    A suggestion is that if your usual mark-up is 25% then tender at 18% to 20%. Remember that you are going to save on direct costs as well as on other expenses such as advertising, telephone costs and much more. Use these savings to lower your price. more

    Source: www.lawinsider.com

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