Terms and Conditions of Contracts for Projects from POME by Gautam Koppala VT
Product/ Services Organization’s contract with that customer (e.g., a performance bond, payment bond, labor and material bond, warranty bond, maintenance bond, and the like). All bonds must be obtained through the Project/ Product/ Services Organization Risk Management function or through a broker authorized by Risk Management.
In addition, since obtaining a surety bond may involve substantial cost to Project/ Product/ Services Organization, all costs associated with a surety bond must be determined in advance and included in the estimate of the contract cost applicable to any agreement/proposal containing the requirement to provide such a bond.
Taxes and Duties:
A. The following recommended clause to be included in all Project/ Product/ Services Organization non-cross border (or that will not become cross border) sales contracts and
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