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Minutes of Prebid meeting held with Bidders on 26th Sept2019 at main conference hall, RTC House for selection of Operator to Operate 350 nos of 9M / 12M Fully Built AC Electric Buses on GCC Model

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01

Determine the total cost of the project including all materials, labor, and overhead expenses.

02

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03

Add the profit margin to the total cost to determine the gross cost of the contract.

04

Clearly outline the terms and conditions of the gross cost contract including payment schedule, scope of work, and any applicable warranties.

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What is on gross cost contract?

On gross cost contract is a type of contract where all costs associated with a project are included in the total price.

Who is required to file on gross cost contract?

Contractors and project owners are required to file on gross cost contract.

How to fill out on gross cost contract?

To fill out an on gross cost contract, one must include all costs associated with the project, such as labor, materials, and overhead expenses.

What is the purpose of on gross cost contract?

The purpose of an on gross cost contract is to provide transparency and clarity on the total cost of a project.

What information must be reported on on gross cost contract?

The on gross cost contract must report all costs associated with the project, including labor, materials, and overhead expenses.

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