Indenture Form For Secured Advance Cpwd In Clark
Description
Form popularity
FAQ
Mobilization Advances do not have any income element in itself. They are liability to the concern receiving the same. Income is embedded in the runnung bills raised by the contractor assessees and the advances received are adjusted as payments towards such running bills by the principal of the contractor assessee.
The prerequisite for the issue of advance is that contractor has to provide a guarantee in the shape of Bank or Insurance equal to the amount being issued to the contractor. Mobilization advance is deducted from the bills of contractor in equal installments covering the project period.
A contract between an Issuer and a Trustee (normally a commercial bank with trust powers) under which the Issuer issues Bonds and specifies their Maturities, Interest Rates, Redemption provisions, form, exchange provisions, security and other terms.
Mobilisation. the process of moving from contract award to 'go-live', i.e. the point when a user can actually buy from the contract. NB Some steps in the process may be done at the same time. This mobilisation process is a guide to help plan activities between contract award and go live.
Secured Advance means an advance made, on the security of materials brought to site of work, by a contractor whose contract is for completed items of work (i.e. for both labour and material).
In the Executive Protection industry, a security advance is considered to be the most important aspect of any job. It refers to the surveying of all aspects of the task ahead, and is a crucial step in safeguarding your client.
A deed made between two or more parties who are not acting as one person. The word indenture originated in the days when the requisite number of copies of a deed would be engrossed onto a single piece of parchment, which would then be cut into individual deeds, with each party holding his own copy.
