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INDEX. No Description Page 1. General Guidelines 2 2 Notice Inviting Tender Form for eTendering3 2 Item/percentage rate tender and contract for work form 9 3 General Rules and Directions 11 4 Conditions
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Item percentage rate tender is a process where suppliers submit bids based on a percentage markup on the cost of items being procured.
Any supplier interested in providing goods or services to a buyer through a tender process may be required to file an item percentage rate tender.
To fill out an item percentage rate tender, suppliers need to provide their percentage markup on the cost of items, along with any other required information.
The purpose of item percentage rate tender is to establish transparent pricing based on a percentage markup, allowing buyers to compare bids fairly.
Suppliers must report their percentage markup on the cost of items, any additional charges or discounts, and any other relevant information requested by the buyer.
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