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AGENDA NASSAU COUNTY INTERIM FINANCE AUTHORITY MONDAY, MARCH 23, 2015, 5:00 PM MARRIOTT LONG ISLAND HOTEL & CONFERENCE CENTER 101 JAMES DOOLITTLE BLVD., UNIONDALE, NY 11553 Call to Order Action Items
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Begin by reviewing the contract thoroughly to understand its terms and conditions.
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Gather all necessary information and documents required to fill out the consideration section, such as financial statements, project details, or any specific requirements mentioned in the contract.
03
In the consideration section, clearly state the compensation or payment that will be provided by the county in exchange for the goods or services being offered.
04
Provide a breakdown of the compensation, including the amount or rates, frequency of payment, and any additional expenses to be reimbursed.
05
If there are any contingencies or conditions related to the compensation, ensure that they are clearly stated in this section.
06
Include any relevant deadlines or milestones that may affect the compensation or payment schedule.
07
Clearly outline any penalties or consequences for non-compliance with the terms of the contract.
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If necessary, attach any supporting documents or schedules that may further explain or justify the consideration being provided.
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Review the completed consideration section for accuracy, ensuring all information is consistent with the contract and any applicable regulations.
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Finally, sign and submit the consideration section according to the contract's instructions.

Who needs consideration of county contract?

01
Individuals or businesses that are entering into a contractual agreement with a county government entity.
02
Contractors or vendors providing goods or services to the county in exchange for compensation.
03
County officials or representatives responsible for negotiating and finalizing contracts on behalf of the county government.
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Consideration of county contract is the process of disclosing financial and business relationships between a contractor or vendor and the county.
Any individual or entity entering into a contract with the county is required to file consideration of county contract.
Consideration of county contract can typically be filled out online or through a physical form provided by the county procurement office.
The purpose of consideration of county contract is to ensure transparency and prevent conflicts of interest in county contracting.
Information such as the names of parties involved, the nature of the contract, financial disclosures, and any potential conflicts of interest must be reported on consideration of county contract.
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