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GAIL (India) Limited (A Govt. of India Undertaking) GAS O&M REGIONAL OFFICE 16, M.G.ROAD I.P.ESTATE NEW DELHI110002 ITEM RATE CONTRACT FOR SUPPORT SERVICE FOR INTELLIGENT PIGGING UNDER NCR O&M REGIONAL

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What is item rate contract?

Item rate contract is a type of contract where the price is determined based on specific items or services provided, rather than a lump sum or hourly rate.

Who is required to file item rate contract?

The party responsible for filing the item rate contract depends on the specific requirements of the contracting authority or agency. Generally, it is the contractor or supplier who is required to file the contract.

How to fill out item rate contract?

Filling out an item rate contract involves providing detailed information about the items or services being offered, including the rate or price per unit, quantity, and any other terms or conditions specified by the contracting authority. It is important to accurately complete all sections of the contract form.

What is the purpose of item rate contract?

The purpose of an item rate contract is to establish a transparent and mutually agreed-upon pricing structure for specific items or services. It ensures that both parties understand the cost implications and facilitates fair and competitive bidding or procurement processes.

What information must be reported on item rate contract?

The information required to be reported on an item rate contract may vary but typically includes details such as the item or service description, unit price, quantity, total price, delivery or performance timelines, terms and conditions, and any necessary attachments or supporting documentation.

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