Contracts

Contracts

Contracts of all sorts.

Industry: Law; Real estate

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Contracts

Purchase agreement

Law; Contracts

Legal document recording the final understanding of a purchaser who agrees to buy and a seller who agrees to sell the specified item(s) under stated terms and conditions.

Punch list

Law; Contracts

1. Listing of items requiring immediate attention. 2. Document listing work that does not conform to contract specifications, usually attached to the certificate of substantial completion. The ...

Punitive action

Law; Contracts

Action taken by a business customer against a supplier who fails to fulfil the terms of an agreement. Consistently late delivery is a common example of the type of problem that would prompt a ...

Unsealing and inspection of sealed bids received in response to an invitation to bid (ITB), at an advertised place in presence of anyone who may care to attend. Bids may be read aloud if requested by ...

Proposal evaluation criteria

Law; Contracts

Measures of relative importance (weighted standards) such as the management, past performance, and technical capabilities of the bidders or contractors, plus factors such as price, that are employed ...

Proposal evaluation

Law; Contracts

Formal review and analysis of proposals received in response to a request for proposals with a view to award a contract to the most advantageous proposal.