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RETAIL ENGINEERING WESTERN REGION BHARAT PETROLEUM CORPORATION LIMITED 12 TH FLOOR, MAKER TOWERS, CUFF PARADE, MUMBAI 400 005OPEN TENDERANNUAL RATE CONTRACT FOR SUPPLYING & LAYING OF 80 MM THICK CEMENT
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An annual rate contract is used to establish fixed rates for services or goods supplied by a vendor for a period of one year.
Vendors or suppliers who provide services or goods on a regular basis to a company are required to file an annual rate contract.
An annual rate contract can be filled out by specifying the services or goods being provided, the rate for each item, the duration of the contract, and any other terms and conditions agreed upon by both parties.
The purpose of an annual rate contract is to streamline procurement processes, establish consistent pricing, and ensure a reliable supply of goods or services.
The information that must be reported on an annual rate contract includes the name and contact details of the vendor, the services or goods being provided, the rates for each item, the duration of the contract, and any terms and conditions.
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