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INDIA TRADE PROMOTION Organization (ENGINEERING DIVISION), NEW DELHIIAnnexure: I INDIA TRADE PROMOTION Organization TENDER NOTICEOnline percentage/item rate Tenders are reinvited through two bid system
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Who needs online percentageitem rate tenders?

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Contractors who want to bid for construction projects
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Government agencies issuing tenders for public projects
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Online percentage item rate tenders are a method of procurement where contractors submit bids based on a percentage markup on items in a bill of quantities.
Contractors and suppliers who wish to participate in the bidding process for projects that utilize this method of procurement.
Contractors can fill out online percentage item rate tenders by logging into the designated platform, reviewing the bill of quantities, and submitting their percentage markups for each item.
The purpose of online percentage item rate tenders is to streamline the bidding process, promote transparency, and ensure competitive pricing for construction projects.
Contractors must report their percentage markups for each item in the bill of quantities, as well as any additional costs or fees.
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