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TWO BID e TENDER DOCUMENT Tender No : 232/202324/HOD/Egg. Engineering Cell/CivilAnnual Rate Contract of Building Material for day to day maintenance work of Residential or Non-Residential Quarters
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Read through the terms and conditions of the contract.
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Fill in the required details like your company name, address, contact information, and other relevant information.
03
Specify the services or products that will be covered under the contract.
04
Agree upon the rates and terms with the vendor or service provider.
05
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Companies or individuals who have recurring or regular need for specific services or products can benefit from an annual rate contract.
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This contract ensures a fixed price for the services or products over a period of time, providing stability and predictability in pricing.
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An annual rate contract is a pre-negotiated agreement between a buyer and a vendor for the supply of goods or services at a fixed rate for a period of one year.
Both the buyer and the vendor are required to file the annual rate contract.
The annual rate contract should be filled out with details of the agreed rates, terms and conditions, and signatures from both parties.
The purpose of an annual rate contract is to streamline the procurement process, secure a fixed pricing for goods or services, and build a long-term relationship with the vendor.
The annual rate contract must include details of the goods or services to be supplied, the agreed pricing, terms of payment, delivery schedule, and any other relevant terms and conditions.
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