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Attachment 5Offerers Affirmation of Understanding of and Agreement pursuant to New York
State Finance Law 139j (3) and 139j (6) (b)New York State Finance Law 139j(6)(b) provides that:
Every Governmental
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04
Write your name, date, and other required personal information at the beginning of the form.
05
Review the terms and conditions of the offer thoroughly.
06
As you go through each point mentioned in the affirmation, provide your understanding of it in clear and concise sentences.
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Sign and date the affirmation form at the end to acknowledge your understanding.
09
Submit the filled-out affirmation of understanding to the concerned party or organization as instructed.
Who needs offerers affirmation of understanding?
01
Offerers affirmation of understanding is required by individuals or entities who are making an offer or proposal. This could include contractors, vendors, suppliers, or anyone presenting an offer or bid for a project, contract, or business transaction.
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What is offerers affirmation of understanding?
The offerers affirmation of understanding is a document where the offeror acknowledges their comprehension and acceptance of the terms and conditions of an offer or contract.
Who is required to file offerers affirmation of understanding?
The offeror or the party making the offer is required to file the offerers affirmation of understanding.
How to fill out offerers affirmation of understanding?
The offerers affirmation of understanding can be filled out by signing and dating the document, indicating full understanding and agreement with the terms presented.
What is the purpose of offerers affirmation of understanding?
The purpose of the offerers affirmation of understanding is to ensure that the offeror clearly understands and agrees to the terms of the offer or contract.
What information must be reported on offerers affirmation of understanding?
The offerers affirmation of understanding must include the offeror's name, signature, date, and a statement indicating their understanding and acceptance of the terms.
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