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Student’s Name | __________________ | Professor’s Name | __________________ | Course Title | __________________ | Date | __________________ |

SALIENT POINTS OF A CONTRACT
&
BIDS EVALUATION

Introduction(Some basics about contract in brief) A Contract is – * An Agreement (Expressed or Implied) * Enforceable by Law * Between Two (or more) Competent Parties * To Do (or Not To Do) a Particular Thing (being a Lawful Object) * With Free Consent * For a Consideration (or Remuneration)
A Contract may be concluded by Signing a " contract " Document by Two (or more) Parties, or Placement of a Purchase Order and Its Acceptance .
Contract Price may be Fixed or Variable (i) Fixed Price Contract covers costs to be incurred till job completion.It is convenient for budgeting and billing. (ii) Variable Price Contract includes a Price Variation Formula.It is convenient to quote and may ultimately be economical to the client. (iii) The price escalation should have a ceiling. (iv) Contract Price may include or exclude taxes and duties and their variations as may be stipulated in the contract.

Brief Information of companies vying for the government contract.
VectorCal:- VectorCal navigation is medical navigation device which helps used to facilitate navigation through bodies.
Principles for good VectorCal navigation design
A site must: 1. Let me know where I am at all times 2. Clearly differentiate hyperlinks from content 3. Let me know clearly where I can go from here 4. Let me see where I've already been 5. Make it obvious what to do to get somewhere 6. Indicate what clicking a link will do
Terry Navigation Company (My company in competition to VectorCal Navigation Design):-Device of my company provides the

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