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The tender of goods refers to the formal offer to deliver goods or perform services as specified in a contract. It involves presenting the goods to the buyer at the agreed time and place, fulfilling the seller's obligation under the contract. Proper tender must meet the terms of the agreement, including quality and quantity, and is essential for the buyer to accept the goods and complete the transaction. If the tender is not made correctly, the buyer may have the right to reject the goods.
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What is short tender notice?
SHORT TENDER NOTICE MEANS A TENDER NOTICE FOR SUPPLY OF GOODS WITH LESS DURATION, SAY 10 DAYS. NORMAL TENDER NOTICE DURATION IS 21 DAYS, BUT IN CASE OF URGENCY THEY GIVE SHORT TENDER NOTICE.
What is short notice?
SHORT TENDER NOTICE MEANS A TENDER NOTICE FOR SUPPLY OF GOODS WITH LESS DURATION, SAY 10 DAYS. NORMAL TENDER NOTICE DURATION IS 21 DAYS, BUT IN CASE OF URGENCY THEY GIVE SHORT TENDER NOTICE.
Is it legal for a cashier to refuse to accept coins in payment for goods or services?
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
What backs your money?
The U.S. dollar is not money but legal tender. Federal Reserve notes are "backed" by all the goods and services in the economy.
Does the perfect tender rule only apply under far part 12?
The perfect tender rule primarily applies to the sale of goods under the Uniform Commercial Code (UCC), specifically in Article 2, which governs such transactions. While FAR Part 12, which deals with the acquisition of commercial items, incorporates UCC principles, the perfect tender rule is not limited to FAR. It can also apply in other contexts involving the sale of goods outside of FAR regulations.
What is a tender contract?
A Tender is an open offer "to Make an offer". Ex: A Company wants to buy 1000 computers. It will give a tender notice in News papers with all the specifications it wants, for manufacturers to respond to it. Many manufacturers respond bidding their price for the 1000 computers. The most competitive bid wins the tender (deal/contract).
What is non-tender process?
Is a way of acquiring resources. It includes simply contracting a supplier for goods or services. The tender process requires a supplier to contact an organisation but the non-tender process involves the organisation contacting the supplier. The non-tender process includes using a purchase order form or asking for quotes from a number of suppliers. Resources purchased using the non-tender process include products that have been discounted or equipment leased for a short period of time.
What is non tender process?
Is a way of acquiring resources. It includes simply contracting a supplier for goods or services. The tender process requires a supplier to contact an organisation but the non-tender process involves the organisation contacting the supplier. The non-tender process includes using a purchase order form or asking for quotes from a number of suppliers. Resources purchased using the non-tender process include products that have been discounted or equipment leased for a short period of time.
Is it legal to trade goods for discontinued silver coins?
Silver U.S. coins dated 1964 or earlier are still legal tender at face value.
What is the difference between tender and estimate?
A tender is a formal offer submitted by a contractor or supplier to undertake a project or provide goods and services at a specified price, often following a competitive bidding process. An estimate, on the other hand, is a preliminary calculation of the expected costs for a project, typically provided before a tender is submitted, to give clients an idea of potential expenses. While a tender is binding upon acceptance, an estimate is usually not.
What are the benefits of using milk from half and half in baking recipes?
Using half and half in baking recipes can add richness and creaminess to the final product. It can also enhance the flavor and texture of baked goods, making them more moist and tender. Additionally, the fat content in half and half can help create a more tender crumb and improve the overall mouthfeel of the baked goods.
What is the difference between tender and contract drawing?
Tender is a formal invitation to suppliers to make an offer to the buyer for the supply of goods and services as set out in the specification document within the formal tender document. Contract is the formal agreement between the buying organisation and the supplier setting out what services and products the supplier is contracted to deliver and within the timeline and contract price.
