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TERMS AND CONDITIONS FOR THE SUPPLY OF HOUSEKEEPING ITEMS AS PER THE SCHEDULES ON RATE CONTRACT BASIS FOR THE PERIOD OF 20222024 COMMENCING FROM 1st SEPTEMBER 2022 to 31st AUGUST 20241. The Director,
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01
Gather all necessary information about the products or services to be supplied.
02
Review the terms and conditions of the rate contract carefully.
03
Fill in the required fields accurately and completely.
04
Get approval from the concerned authorities or stakeholders.
05
Ensure all parties involved sign the contract to make it legally binding.

Who needs rate contract of supply?

01
Government agencies or departments that require regular supply of goods or services.
02
Businesses looking to establish long-term relationships with suppliers.
03
Organizations aiming to streamline their procurement process and ensure consistency in pricing and quality.

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A rate contract of supply is an agreement between a supplier and a customer that establishes a set rate for goods or services to be provided over a specified period, ensuring cost stability and streamlined procurement.
Typically, organizations or businesses that engage in substantial procurement or supply of goods and services in bulk are required to file a rate contract of supply to ensure compliance with procurement regulations.
To fill out a rate contract of supply, one must provide details such as the names of the parties involved, the description of the goods or services, the agreed rates, duration of the contract, terms and conditions, and signatures of authorized representatives.
The purpose of a rate contract of supply is to lock in prices for a specified period, create budgeting certainty, ensure timely delivery of goods or services, and simplify the procurement process.
Essential information that must be reported includes the names and addresses of both parties, delivery terms, pricing details, quantity expectations, duration of the contract, and any specific conditions or clauses that apply.
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