Get the free Contract Award Summary - dps dgs virginia

This document summarizes the contract award for the purchase of a Chevrolet 19 Passenger BOC lift van, detailing the contract specifics, terms, and conditions for use by state agencies in Virginia.

How to fill out contract award summary

How to fill out Contract Award Summary

1. Begin by entering the project title at the top of the Contract Award Summary.
2. Fill in the name of the contracting agency or organization responsible for the contract.
3. Provide the contract number, which is essential for tracking purposes.
4. Specify the name of the contractor awarded the contract.
5. Indicate the total contract value, including any options or amendments.
6. Outline the scope of work or services to be performed under the contract.
7. Enter the start and end dates of the contract to establish the contract timeline.
8. Include any relevant performance metrics or milestones agreed upon in the contract.
9. Finally, review all entries for accuracy and completeness before submission.

Who needs Contract Award Summary?

1. Contracting officers and procurement professionals within government agencies.
2. Auditors and compliance officers who need to verify contract details and adherence.
3. Project managers overseeing the execution of the contract.
4. Stakeholders interested in understanding contract allocation and funding.
5. Researchers or analysts studying patterns in contract awards.

People Also Ask about

What are the phases of contract award?

A Federal Contract Award is the money the federal government has promised to pay a recipient, obligated (promised) in the form of a Federal Contract. Funding may be awarded to a company, organization, government entity (i.e., state, local, tribal, federal, or foreign), or individual.

What is a contract award?

The contract award cycle typically consists of several distinct phases: Pre-Solicitation Phase. Solicitation Phase. Evaluation Phase.

What is a reward contract?

Reward-type contracts: These are unilateral contracts that are usually made for offering rewards. Suppose you have offered $150 for your lost pet. You can revoke this contract, even if the offeree has already started working on it. But, it should be done before the task is completed.

What is the meaning of contact award?

An award of contract refers to the formal decision made by an entity or organization to select a contractor, vendor, or supplier for a particular project or service based on the evaluation of bids or proposals.

What happens after a contract award?

Once suppliers win a contract, they move into the post-contract award stage. This is when they start delivering the goods or services agreed upon in the contract. A post-award contract management experience, it involves activities that ensure the terms and conditions are met.

What is contract reward?

What is a contract award certificate? The document is a Tender and Contract Award Acknowledge Certificate that outlines the requirements and conditions for submitting a bid. It includes compliance with various annexes, acceptance of terms, confirmation of bid validity, and certification against corrupt practices.

What does contract award mean?

Contract Award: Awarding a contract refers to the process of notifying a tenderer that they have been formally chosen as the supplier for a particular contract upon acceptance of their bid or proposal.

For pdfFiller’s FAQs

What is Contract Award Summary?

The Contract Award Summary is a formal document that provides a brief overview of a contract awarded by an organization, detailing key aspects of the contract such as the amount, parties involved, and duration.

Who is required to file Contract Award Summary?

Organizations and entities that have been awarded contracts, especially government agencies, are typically required to file a Contract Award Summary.

How to fill out Contract Award Summary?

To fill out a Contract Award Summary, you should provide information such as the contract number, title, award date, contractor details, total contract amount, and a brief description of the services or goods being provided.

What is the purpose of Contract Award Summary?

The purpose of the Contract Award Summary is to ensure transparency and accountability in the procurement process by providing essential information about awarded contracts to stakeholders and the public.

What information must be reported on Contract Award Summary?

The information that must be reported includes the contracting agency, contract title, contractor's name and address, award amount, contract start and end dates, and a summary of the contract's scope.