Podcast
Questions and Answers
What is the main requirement regarding procurement as per the text?
What is the main requirement regarding procurement as per the text?
- Verify experience certificates of bidders
- Publish tender advertisement in newspapers
- Procure only through Central Public Procurement Portal
- Procure only through GeM platform (correct)
What change was made regarding tender advertisement publication as per the text?
What change was made regarding tender advertisement publication as per the text?
- Made advertisement optional on CPPP
- Increased the threshold value for tender advertisement
- Published tenders only on the GeM portal
- Discontinued advertisement in newspapers (correct)
Why is verification of experience certificates mentioned in the text?
Why is verification of experience certificates mentioned in the text?
- To simplify the bidding process
- To check the academic qualifications of bidders
- To ensure bidders submit genuine certificates (correct)
- To eliminate bidders without experience
What action should bidders take regarding their eligibility documents as per the text?
What action should bidders take regarding their eligibility documents as per the text?
What is the main difference between a 'Contractor' and a 'Supplier'?
What is the main difference between a 'Contractor' and a 'Supplier'?
What does the term 'Advance Purchase Order' signify in contract management?
What does the term 'Advance Purchase Order' signify in contract management?
Which platform should tender advertisements be published on according to the text?
Which platform should tender advertisements be published on according to the text?
What is encompassed within 'Bid Documents/ Tender Documents'?
What is encompassed within 'Bid Documents/ Tender Documents'?
Why is it important for Ministries/Departments/PSUs to follow the procurement guidelines mentioned in the text?
Why is it important for Ministries/Departments/PSUs to follow the procurement guidelines mentioned in the text?
Which individual or entity is responsible for providing 'Goods' under the contract?
Which individual or entity is responsible for providing 'Goods' under the contract?
What is the significance of the change made regarding tender advertisement publication?
What is the significance of the change made regarding tender advertisement publication?
How does verifying experience certificates contribute to fair bidding processes?
How does verifying experience certificates contribute to fair bidding processes?
What distinguishes a 'Work Order' from a 'Purchase Order' in contract management?
What distinguishes a 'Work Order' from a 'Purchase Order' in contract management?
'Contract Price' in contract management refers to:
'Contract Price' in contract management refers to:
In the context of contracts, what is an implied promise?
In the context of contracts, what is an implied promise?
According to Section 10, what are the essential ingredients that make an agreement a contract?
According to Section 10, what are the essential ingredients that make an agreement a contract?
What is the key requirement for someone to be considered competent to contract?
What is the key requirement for someone to be considered competent to contract?
How is 'consent' defined as per Section 13?
How is 'consent' defined as per Section 13?
What does 'free consent' entail as per Section 14?
What does 'free consent' entail as per Section 14?
What renders an object lawful in a contract according to Section 10?
What renders an object lawful in a contract according to Section 10?
In a contract with reciprocal promises, if one party prevents the other from performing his promise, what is the status of the contract?
In a contract with reciprocal promises, if one party prevents the other from performing his promise, what is the status of the contract?
What entitlement does the party prevented from performing his promise have in a contract with reciprocal promises?
What entitlement does the party prevented from performing his promise have in a contract with reciprocal promises?
What must a promisor do if they fail to perform the promise that should be first performed in a contract with reciprocal promises?
What must a promisor do if they fail to perform the promise that should be first performed in a contract with reciprocal promises?
When is a contract voidable at the option of the Promisee in case of failure to perform at a fixed time?
When is a contract voidable at the option of the Promisee in case of failure to perform at a fixed time?
What becomes voidable in a contract when certain things are promised at a fixed time and not done by that time?
What becomes voidable in a contract when certain things are promised at a fixed time and not done by that time?
When can a promisor claim performance of a reciprocal promise in a contract with reciprocal promises?
When can a promisor claim performance of a reciprocal promise in a contract with reciprocal promises?
What is the consequence for a promisor who fails to perform their promise, making it impossible for the other party's promise to be claimed?
What is the consequence for a promisor who fails to perform their promise, making it impossible for the other party's promise to be claimed?
What happens if the award is not made within the specified period under sub-section (1)?
What happens if the award is not made within the specified period under sub-section (1)?
When should the Court dispose of an application for extending the period of making the award?
When should the Court dispose of an application for extending the period of making the award?
In case the proceedings are delayed due to the arbitral tribunal, what action may the Court take?
In case the proceedings are delayed due to the arbitral tribunal, what action may the Court take?
What is required for the Court to extend the period for making an award?
What is required for the Court to extend the period for making an award?
Who has the authority to impose terms and conditions if the Court extends the award-making period?
Who has the authority to impose terms and conditions if the Court extends the award-making period?
What action should be taken if any party wants to extend the deadline for making an award?
What action should be taken if any party wants to extend the deadline for making an award?
In case of delays in proceedings, can the Court impose costs on any party?
In case of delays in proceedings, can the Court impose costs on any party?
What role does the Court play in relation to extension of deadlines by an arbitrator?
What role does the Court play in relation to extension of deadlines by an arbitrator?
Study Notes
Procurement Guidelines
- The main requirement regarding procurement is to follow the guidelines to ensure fair and transparent processes.
- Tender advertisements should be published on the Central Public Procurement Portal.
- Verification of experience certificates is essential to ensure bidders have the required experience.
Contract Management
- A 'Contractor' provides services, while a 'Supplier' provides goods.
- An 'Advance Purchase Order' signifies a payment made before the delivery of goods or services.
- 'Bid Documents/Tender Documents' encompass all documents required for bidding.
Contract Essentials
- A 'Contract Price' refers to the agreed-upon price for goods or services.
- An implied promise is an unstated agreement between parties.
- For an agreement to be a contract, it must have essential ingredients, including offer, acceptance, consideration, and free consent.
- A person must be competent to contract, meaning they must have the capacity to understand the agreement.
Consent and Free Consent
- Consent is defined as when one person signifies their willingness to do or refrain from doing an act.
- Free consent entails that the parties must have the capacity to contract and must not be obtained by coercion, undue influence, misrepresentation, or fraud.
Performance and Breach of Contract
- If one party prevents the other from performing their promise, the contract becomes voidable at the option of the party prevented.
- The party prevented from performing has the right to claim compensation.
- If a promisor fails to perform their promise, they must compensate the other party.
Arbitration and Award-Making
- If an award is not made within the specified period, the Court may extend the period.
- The Court may impose costs on any party responsible for delays in proceedings.
- The Court plays a crucial role in extending deadlines for arbitrators.
- Parties can apply to the Court to extend the deadline for making an award.
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Description
Learn about the concept of acceptance in contract law and distinguish between express and implied promises. Explore the significance of performing conditions and receiving consideration in the context of proposals.
