Eskom Procurement Book 2015

GLOSSARY

Eligibility: Special requirements set up for tenderers. If not met, the tenderers will not be allowed to tender or their tenders/offers already submitted will be rejected. Requirements can be the nationality of the tenderer, presentation of a specific business licence, etc. Emergency purchase: Procurement necessitated to meet a requirement which could not

be anticipated and provided for in advance by the buyer; e.g. break- down of equipment and replacement of a part, natural disasters. An invitation from a buyer to tenderers to submit their price quotes and other terms and conditions for supply of a product (or products) as specified. See also tender.

Enquiry:

EOQ:

See Economic Order Quantity.

Equipment:

See Goods.

Escalation:

See Price revision.

Escalation or escalator clause:

See Price revision.

Expedite: Action taken, or to be taken, to ensure that the work of fabrication, construction, supply etc. is proceeding according to schedule and that the supplier will be able to deliver the product or complete the project as per delivery or completion date mentioned in the contract. In large-scale projects where activities are interdependent and certain activities have to precede others, delays by one contractor or subcontractor can disrupt the implementation schedule of the project. Expediting in such cases is of special importance. See also Contract scheduling and Follow-up. Expendable material: Items that are consumed in use and that do not ordinarily retain their original features during the period of use, e.g., paper, fertilisers, etc. Export credit guarantee: A guarantee issued by a financial institution, specially set up for this purpose, on the basis of which an exporter can seek pre/post- shipment credit from a banking institution.

Express warranty:

A written affirmation by a supplier to a buyer that the goods are of the same quality and the requisite performance standard as in the contract. An express warranty does not exclude implied warranty. See also Certificate of quality, Self-certification and Technical specification. A note received from a tenderer, usually in response to a public advertisement, invitation to tender or prequalification, for the supply of specific goods, works or services. The note confirms the interest of the tenderer in making an offer to supply the goods, works or services.

Expression of interest:

216 CHAPTER 8