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Terms & Conditions
Legal Guidelines for Suppliers
As a supplier registered on CSD Procurement Portal, it is important to understand the legal guidelines and responsibilities. The information provided here is meant to give a general overview, but it is not a substitute for legal advice tailored to your specific business needs. We recommend seeking legal counsel to ensure compliance with applicable laws and regulations.
Understanding Supplier Terms & Conditions
Supplier Terms & Conditions (T&C) outline the legally binding terms set by you as a registered supplier on CSD Procurement Portal. These terms govern your engagement with the portal and the bank, establishing the legal relationship between you and the entities using the procurement platform. T&C should be customized to align with the nature of procurement activities and the specific requirements of the bank and its vendors.
Key Considerations for Suppliers
Supplier T&C typically cover aspects such as eligibility criteria for participation; payment and invoicing procedures; provisions for modifications in procurement processes; warranties and liabilities; intellectual property rights; and suspension or termination of supplier accounts. For detailed insights, refer to our guide on 'Supplier Terms & Conditions Best Practices'.