Section 2
Definitions: Unless The Subject Or The Context Otherwise Requires, In This Act
2. Definitions: Unless the subject or the context otherwise requires, in this Act:
(a) “Amount” means the arrangement of contracts made or to be made by the Government of Nepal pursuant to Section 3.
(b) “Contract” means a contract to be awarded by the Government of Nepal pursuant to this Act and other prevailing Nepal law.
(c) “Tender” means an application sent by a bidder, which clearly sets out the terms and conditions of the bidder, and sealed with an undertaking to take the contract on such terms and conditions.
(d) “Auction or Dutch auction” means an auction or Dutsch auction made upon having bidding by the persons who are interested to obtain a contract for the arrangement of Contract pursuant to this Act.
(e) “Bid” means the figure of cash or kind undertaken in relation to a contract by the person who intends to obtain the contract in the course of making an auction or Dutch auction.
(f) “Letter of authorization” means a license issued with authority to commence work or implement the Contract in accordance with the terms and conditions of the Contract prior to obtaining the lease.
(g) “Bond” means a deed of consent executed by a contractor undertaking to take the contract in accordance with the terms and conditions concluded between the Government of Nepal and the contractor and setting out the terms and conditions, subject to this Act and the other prevailing Nepal laws.
(h) “Lease’ means a license issued by the Government of Nepal to a contractor setting out the terms and conditions concluded between the Government of Nepal, thereby authorizing the contractor to carry out the work of contract in accordance with such terms and conditions, subject to this Act and the other prevailing Nepal laws.
(i) 2 “Citizen of Nepal” includes a corporate body or firm, all or majority of which shares are owned by the citizens of Nepal, and a body corporate owned by the Government of Nepal.
(j) 3 “Prescribed” or “as prescribed” means prescribed or as prescribed in the rules under this Act.
(a) “Amount” means the arrangement of contracts made or to be made by the Government of Nepal pursuant to Section 3.
(b) “Contract” means a contract to be awarded by the Government of Nepal pursuant to this Act and other prevailing Nepal law.
(c) “Tender” means an application sent by a bidder, which clearly sets out the terms and conditions of the bidder, and sealed with an undertaking to take the contract on such terms and conditions.
(d) “Auction or Dutch auction” means an auction or Dutsch auction made upon having bidding by the persons who are interested to obtain a contract for the arrangement of Contract pursuant to this Act.
(e) “Bid” means the figure of cash or kind undertaken in relation to a contract by the person who intends to obtain the contract in the course of making an auction or Dutch auction.
(f) “Letter of authorization” means a license issued with authority to commence work or implement the Contract in accordance with the terms and conditions of the Contract prior to obtaining the lease.
(g) “Bond” means a deed of consent executed by a contractor undertaking to take the contract in accordance with the terms and conditions concluded between the Government of Nepal and the contractor and setting out the terms and conditions, subject to this Act and the other prevailing Nepal laws.
(h) “Lease’ means a license issued by the Government of Nepal to a contractor setting out the terms and conditions concluded between the Government of Nepal, thereby authorizing the contractor to carry out the work of contract in accordance with such terms and conditions, subject to this Act and the other prevailing Nepal laws.
(i) 2 “Citizen of Nepal” includes a corporate body or firm, all or majority of which shares are owned by the citizens of Nepal, and a body corporate owned by the Government of Nepal.
(j) 3 “Prescribed” or “as prescribed” means prescribed or as prescribed in the rules under this Act.