Eskom Procurement Book 2015

GLOSSARY

All-or-none bid:

A tender/offer submitted for a number of different goods or services in which the tenderer stipulates that the tender/offer is valid only if the contract is awarded for all items included in his tender/offer. An insurance policy which covers the insured goods for loss by any unforeseeable cause. The policy does not cover loss due to causes which could have been anticipated and against which preventive steps could have been taken. See also Institute Cargo clauses. The tabulation and evaluation of tenders/offers submitted by tenderers and the summary of these to a comparable basis so as to facilitate comparison and enable the buyer to select the best tender/ offer. See also Tender evaluation and Tabulation of tenders/offers. Technology deemed to meet specific requirements of, and operating conditions in, a particular country of location. A method of settling a dispute between the parties involved in a contract by referring it to one or more neutral persons, selected by the parties, for a decision. An intimation sent by the carrier to the consignee advising of the arrival of shipment. Offer of goods for sale without a warranty or guarantee, and with the stipulation that the buyer takes the goods at his own risk, without any recourse to the tenderer for the quality or condition of goods. Sometimes includes the location as well: ‘As is and where is condition’. Refers to transfer of a right on or a title to goods or know-how to another party. For example, title to goods may be transferred by assignment on a bill of lading by the original consignee (referred to as the assignor) to another, the assignee. A person who is appointed or designated to estimate the value of goods for the purpose of apportioning the sum payable in the settlement of an insurance or any other claim. The action taken by the buyer, after examining and comparing the tenders/offers received, through which it:Selects the tender/offer that is determined to be substantially responsive to the tender documents and is the most advantageous (i.e., the best evaluated bid with respect to the evaluation criteria set up); and Officially notifies the tenderers of the decision as to the award of the contract. It is one of the most important stages of the procurement cycle, since it accomplishes a principal objective, that is, selection of the tenderer which is to carry out the works or services or provision of the goods that were the object of the procurement. In effect, the award completes the contract.

All risks:

Analysis of tenders/ offers:

Appropriate technology:

Arbitration:

Arrival notice:

As is:

Assignment:

Assessor:

Award:

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