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City of Brownsville Purchasing & Contract Services Department INVITATION FOR BIDS FOR A TERM CONTRACT FOR PURCHASE AND DELIVERY OF CONCRETE MATERIALS BID # PDC-15-1109 PRE-BID MEETING DATE: November
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A term contract is a legally binding agreement between two parties that outlines the terms and conditions of their business relationship for a specified period of time.
Both parties involved in the contract are required to file the term contract.
To fill out a term contract, you need to include relevant information such as the parties involved, the duration of the contract, the rights and responsibilities of each party, and any additional terms and conditions.
The purpose of a term contract is to define the terms of the business relationship, protect the interests of both parties, and ensure clarity and understanding of expectations.
The information that must be reported on a term contract includes the names of the parties involved, the duration of the contract, the scope of work, payment terms, termination clauses, and any other relevant terms and conditions.
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