What is the base date?
The base date sets the reference date from which the conditions under which the tender was prepared are considered to have been known by the contractor and so are properly reflected in their price. If specified conditions change before the contract is implemented, then the contract may be adjusted to reflect this.
How do you use contract as a verb in a sentence?
Examples of contract in a Sentence
Verb She contracted her lips into a frown. The muscle expands and then contracts. The hot metal contracted as it cooled.
What defines the finish date of a contract?
Contract Completion Date means the date on which all the Contractual obligations (including Operation & Maintenance Period) will be completed by the Contractor and the Contract expires.
What does date of construction mean?
More Definitions of Construction Date
Construction Date means the date that a permit is granted to commence construction on a project.
What is the other name for base date?
It is also called the reference date.
How is base date calculated?
Base date/ zero date may be taken as the due date of the first transaction or the due date of the last transaction or any other due date between the first and the last but preferably an earlier due date may be taken. While calculating the number of days always ignore the first day and include the last day.
Is contract a transitive verb?
[transitive] to make a legal agreement with someone for them to work for you or provide you with a service contract somebody to do something The player is contracted to play until August.
What is the adverb of contract?
adverb. /kənˈtræktʃuəli/ /kənˈtræktʃuəli/ in a way that is connected with the conditions of a legal written agreement, or that is agreed in a contract.
What is actual completion date?
Actual Completion Date means, with respect to each Property, the date upon which completion of the transfer, assignment, lease or sublease of that Property actually takes place.
What is completion date in construction?
The ‘date for completion’ is the date by which the contractor is expected to complete the works, which may be earlier or later than the contract completion date.
What is considered start of construction?
The actual start means either the first placement of permanent construction of a structure on a site, such as the pouring of slab or footings, the installation of piles, the construction of columns, or any work beyond the stage of excavation; or the placement of a manufactured home on a foundation.
What is baseline date in accounts payable?
Definition. Date from which the terms of payment apply. The baseline date for payment is the basis for determining the permitted cash discount amount or when an invoice is due.
What is base date and due date?
Is contracted transitive or intransitive?
What is the adjective form of contract?
contracted. (not comparable) Arranged by contract; established by agreement. Made smaller by contraction.
What is the noun form of contract?
1 contract /ˈkɑːnˌtrækt/ noun. plural contracts.
What is actual finish?
The Actual Finish field shows the date and time when a task or assignment was actually completed. There are several categories of Actual Finish fields. Data Type Date. Actual Finish (task field) Entry Type Calculated or entered.
What is the meaning of completion date?
completion date. noun [ C ] us. the date on which something such as a project will be finished, especially a date promised in a formal agreement: estimated/projected/scheduled/target completion date He insisted the target completion date of November this year would not be moved to cut costs.
What are the 5 stages of construction project?
The five phases of the construction project lifecycle are:
- Project Initiation and Conception. Like with all things, the first step to the construction life cycle is merely to begin.
- Project Planning and Definition.
- Project Execution and Launch.
- Project Performance.
- Project Close.
What are the 7 stages of construction?
Here’s the process:
- Step 1: Design. During this phase, the client places a project for bidding.
- Step 2: Pre-Construction.
- Step 3: Procurement.
- Step 4: Construction.
- Step 5: Commissioning.
- Step 6: Owner Occupancy.
- Step 7: Project Closeout.
What does at baseline mean?
An initial measurement of a condition that is taken at an early time point and used for comparison over time to look for changes. For example, the size of a tumor will be measured before treatment (baseline) and then afterwards to see if the treatment had an effect.
What is baseline data?
Baseline data is a measurement that is collected prior to intervention or teaching starting. It can be collected through various measures including: percent accuracy, frequency, duration, rate and intervals.
What is base date Fidic?
The date 28 days prior to the latest date for submission of the Tender for acceptance by the Employer.
How do you tell if a verb is transitive or intransitive?
A verb can be described as transitive or intransitive based on whether it requires an object to express a complete thought or not. A transitive verb is one that only makes sense if it exerts its action on an object. An intransitive verb will make sense without one.
What is the actual finish date?
Actual finish date: the date on which a card was moved from an active position on the board to the archive to represent work that has been fully completed.