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BIDDING DOCUMENTS For Procurement, Rate Contract and supply of Blood Bank Equipment for different Government Hospital of Bihar. Tender Bid Reference: BMS ICL/201718/ME057Bihar Medical Services And
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How to fill out for procurement rate contract

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Step 1: Gather all the necessary information and documents for the procurement rate contract such as product specifications, quantity required, delivery requirements, and pricing terms.
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Step 2: Identify potential suppliers or vendors who can fulfill the procurement requirements. This can be done through market research, supplier databases, or recommendations from other departments or colleagues.
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Step 3: Send out a Request for Quotation (RFQ) or Request for Proposal (RFP) to the selected suppliers. Clearly outline the requirements, deadline for submission, and evaluation criteria.
04
Step 4: Review the received quotations or proposals from the suppliers. Evaluate them based on factors like price competitiveness, past performance, quality of products, and delivery capabilities.
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Step 5: Shortlist the suppliers based on the evaluation and conduct further negotiations if required. Clarify any doubts or queries with the suppliers to ensure a clear understanding of the contract terms.
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Step 6: Select the most suitable supplier and prepare a procurement rate contract. Include all the agreed terms and conditions, pricing details, delivery schedule, and any other relevant clauses.
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Step 7: Share the contract with the selected supplier for their review and approval. Make any necessary revisions or amendments based on their feedback.
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Step 8: Once both parties are satisfied with the contract terms, sign the procurement rate contract. Ensure that all relevant stakeholders are informed about the contract and its execution.
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Step 9: Monitor the supplier's performance as per the contract terms. Track the quality of products, timeliness of deliveries, and adherence to pricing agreements.
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Step 10: Periodically review the performance of the procurement rate contract and revisit the contract terms if required. Make adjustments or consider renewing the contract based on supplier performance and business needs.

Who needs for procurement rate contract?

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Organizations or companies that frequently require specific goods or services on a regular basis can benefit from a procurement rate contract.
02
Government agencies that need to purchase goods or services for public projects or operations often utilize procurement rate contracts.
03
Large corporations or businesses that have a high volume of procurement needs across various departments or locations can find procurement rate contracts advantageous.
04
Procurement professionals or sourcing teams responsible for acquiring goods or services for their organizations can use procurement rate contracts as a strategic sourcing tool.
05
Suppliers or vendors who want to establish long-term relationships with buyers and secure a steady stream of orders can also be interested in procurement rate contracts.

What is For Procurement, Rate Contract and supply of Blood Bank Equipment for different Government Hospital of Bihar Form?

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Procurement rate contract is a pre-negotiated agreement between a buyer and a seller for the purchase of goods or services at a specified rate.
Any organization or individual that wishes to establish a procurement rate contract with a supplier must file for it.
To fill out a procurement rate contract, one must provide details of the goods or services to be purchased, the agreed-upon rate, payment terms, and any other relevant terms and conditions.
The purpose of a procurement rate contract is to streamline the purchasing process by establishing pre-negotiated terms with a supplier, ensuring consistency and cost-effectiveness.
The procurement rate contract must include details of the buyer and seller, the goods or services to be purchased, the agreed-upon rate, payment terms, and any other relevant terms and conditions.
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