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REQUEST FOR QUOTATION TO, GAIL WEBSITE VENDOR India Vendor Code 101019938 RFQ No.: GAIL/AG/06/C038/3300014429/KID Dated : 22.11.2006 Kind Attn : Mr/Ms Dear Sir/Madam, GAIL (India) Ltd. invites you

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What is annual item rate contract?

An annual item rate contract is a type of procurement contract where a certain quantity of specific items or services are purchased at pre-determined rates for a fixed period of one year.

Who is required to file annual item rate contract?

The parties involved in the contract, usually the buyer and the supplier, are required to file the annual item rate contract.

How to fill out annual item rate contract?

To fill out an annual item rate contract, you need to provide details about the items or services being procured, the rates at which they will be purchased, the duration of the contract, and any terms and conditions that apply.

What is the purpose of annual item rate contract?

The purpose of an annual item rate contract is to establish a long-term agreement between a buyer and a supplier for the procurement of specific items or services at pre-determined rates, ensuring a reliable supply and consistent pricing.

What information must be reported on annual item rate contract?

Information that must be reported on an annual item rate contract includes the names and contact details of the parties involved, a description of the items or services being procured, the rates and quantities, the duration of the contract, and any terms and conditions.

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