INTRODUCTION (DEFINITIONS). 2.1.1“Institute or IIMR” means Indian Institute of Management Raipur, at Xxxx Xxxxx Raipur Chhattisgarh. 2.1.2“Bidder” means the individual or firm or corporate body who participates in the tender and submits its bid. 2.1.3‘‘Goods/Products” means all the hardware equipment, instruments, tools, machinery etc., and/or other materials like components/parts/spares including consumables which the Contractor is required to supply to the Institute under the work order. 2.1.4“Letter of Intent (LOI)” means the communication of the intention of the Institute to the Bidder to place the Institute Order for the former’s offered goods/services. 2.1.5“Work Order (PO)” means the order placed by the Institute on the Contractor duly signed by the Institute’s authorized representative to purchase certain goods & services from the vendor/contractor. 2.1.6“Contract Price” means considerations payable to the Contractor/contractor as stipulated in the Purchase or Work Order for performance of specified contractual obligations. 2.2
