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Busy (b) b (I BE E) GAIL (India) Ltd. (A Govt. of India Undertaking) L e t t e r I n v i t i n g T e n d e r Ref No.: GAIL/DATA/C&P/20018762/KG/08 Date: 27/05/2008 M/s. SUBJECT: TENDER FOR RATE CONTRACT
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What is for rate contract for?
Rate contract is a procurement process in which a purchaser and a supplier come to an agreement on predefined rates, terms, and conditions for multiple procurement transactions.
Who is required to file for rate contract for?
Any organization or entity that engages in procurement activities and wishes to establish a long-term agreement with a supplier for repetitive purchases may file for a rate contract.
How to fill out for rate contract for?
To fill out a rate contract, the purchaser needs to specify the goods or services required, negotiate the rates and terms with the supplier, and document the agreement in a formal contract.
What is the purpose of for rate contract for?
The purpose of a rate contract is to streamline the procurement process by establishing a pre-negotiated agreement, which saves time and effort for both the purchaser and the supplier.
What information must be reported on for rate contract for?
A rate contract typically includes information such as the goods or services to be procured, the agreed-upon rates, quantities, delivery schedules, terms and conditions, payment terms, and any other relevant details.
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