Liquidated damages, Other Management

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The General Condition of Contract provides clauses to establish the rights and liabilities of the Purchaser and the Supplier in connection with the execution of a procurement contract for Goods. Explain how the clauses dealing with the following items safeguard the interest of the Purchaser:

  • Liquidated Damages
  • Performance Security
  • Warranty
  • Termination of Contract
  • Inspection and Test

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