Latest topics
» FAILURE TO POST NOTICE OF POSTPONEMENT OF BID OPENING
Today at 10:25 am by pluma

» WHAT PROCUREMENT METHOD TO USE?
Today at 9:17 am by pluma

» Business and Income Tax Returns
Sat Jan 13, 2018 11:21 pm by markshinoda

» No Objection Letter
Sat Jan 13, 2018 11:15 pm by markshinoda

» Query about MOOE and Capital Outlay
Sat Jan 13, 2018 10:31 pm by markshinoda

» Expired Tax Clearance during payment
Sat Jan 13, 2018 9:53 pm by markshinoda

» RE-SCHEDULED PRE-BID TO RE-SCHEDULING OF BID SUBMISSION
Sat Jan 13, 2018 9:45 pm by markshinoda

» Purchase of Drugs and Medicines for MHO.
Fri Jan 12, 2018 4:05 pm by btorres4

» PURCHASE OF OFFICE CABINET FOR MEO
Tue Jan 09, 2018 4:32 pm by btorres4

» PURCHASE OF SUPPLIES FOR MATERNAL CHILD CARE PROGRAM
Tue Jan 09, 2018 4:16 pm by btorres4


PROFIT-SHARING ARRANGEMENT AS MODE OF PAYMENT

View previous topic View next topic Go down

PROFIT-SHARING ARRANGEMENT AS MODE OF PAYMENT

Post by James on Wed Nov 09, 2011 4:56 pm

Good pm

Are profit-sharing arrangements between the supplier and procuring entity allowed as a mode of payment under a contract for general support services? supplier agreed to install his equipment on the premises of Procuring entity. the procuring entity and the supplier shared the profits earned from the use of supplier's equipment.

Reading the GPRA and IRR gives me the impression that the law presupposes that the supplier will always give a specific amount of money as mode of payment for entering into an agreement with the procuring entity

hoping for your prompt response


Last edited by James on Thu Nov 10, 2011 11:27 am; edited 1 time in total (Reason for editing : to make my question clearer)

James
New Member
New Member

Male Number of posts : 3
Company/Agency : Auto Supply
Occupation/Designation : businessman
Registration date : 2011-11-09

Back to top Go down

Re: PROFIT-SHARING ARRANGEMENT AS MODE OF PAYMENT

Post by James on Wed Nov 09, 2011 5:11 pm

this is without entering into a Joint Venture Agreement. thanks again

James
New Member
New Member

Male Number of posts : 3
Company/Agency : Auto Supply
Occupation/Designation : businessman
Registration date : 2011-11-09

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum