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This document outlines the award of a price contract to furnish furniture for the University of Kentucky, detailing terms, conditions, and contractor responsibilities during the contract period.
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How to fill out notice of award of

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How to fill out NOTICE OF AWARD OF PRICE CONTRACT

01
Start by entering the date of awarding the contract at the top of the form.
02
Fill in the name and address of the contractor receiving the award.
03
Provide the contract number and a brief description of the project or service.
04
State the total amount of the contract which includes all applicable taxes and fees.
05
Specify the contract duration, including the start and end dates.
06
Include any terms and conditions that are relevant to the award.
07
Sign and date the document as the authorized representative of the awarding authority.
08
Provide copies of the notice to both the contractor and other relevant parties.

Who needs NOTICE OF AWARD OF PRICE CONTRACT?

01
Government agencies that are awarding contracts.
02
Contractors who are being awarded contracts for projects or services.
03
Legal and compliance departments within organizations to maintain documentation.
04
Financial departments for record-keeping and auditing purposes.
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A Notice of Award of Price Contract is a formal document issued by a buyer to a supplier or contractor indicating that they have been awarded a contract for the provision of goods or services at a specified price.
The buyer or contracting authority responsible for awarding the contract is required to file the Notice of Award of Price Contract.
To fill out a Notice of Award of Price Contract, include details such as the contract number, date of award, names and addresses of the buyer and supplier, a description of the goods or services, the awarded price, and any terms and conditions pertinent to the contract.
The purpose of a Notice of Award of Price Contract is to formally notify the winning bidder of their successful bid and to define the terms of the agreement, ensuring both parties understand their obligations.
The information that must be reported includes the contract number, date of award, names and contact details of both the buyer and seller, a detailed description of the goods or services to be provided, the awarded price, performance dates, and any special conditions.
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