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PROFIT-SHARING ARRANGEMENT AS MODE OF PAYMENT

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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)

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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

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