Notice in writing 2Notice in writing Or written notice shall mean a notice in written, typed or printed characters sent (unless delivered personally or otherwise proved to have been received) by registered post to the last known private or business address to have been received when in the ordinary course of post, it would have been delivered.
Class-I local supplier 1Class-I local supplier means a supplier or service provider, whose goods, services or works offered for procurement, has local content equal to or more than 50%, as defined under said Order
Class-II local supplier 1Class-II local supplier means a supplier or service provider, whose goods, services or works offered for procurement, has local content more than 20% but less than 50%, as defined under this Order.
Contractor 1Contractor means ________________________________ (in the case of a Partnership) and trading in the name and style of_________________________________
Employer 1Employer means the Reserve Bank of India and shall include its assigns and successors.
L 1 1L 1 means the lowest tender or lowest bid or the lowest quotation received in a tender, bidding process or other procurement solicitation as adjudged in the evaluation process as per the tender or other procurement solicitation
Local content 1Local content means the amount of value added in India which shall, unless otherwise prescribed by the Nodal Ministry, be the total value of the item procured (excluding net domestic indirect taxes) minus the value of
Margin of purchase preference 1Margin of purchase preference means the maximum extent to which the price quoted by a "(Class-I local) supplier" may be above the L 1 price for the purpose of purchase preference.
Non-Local supplier 1Non-Local supplier means a supplier or service provider, whose goods, services or works offered for procurement, has local content less than or equal to 20%, as defined under this Order.
Procuring entity 1Procuring entity means a Ministry or department or attached or subordinate office of, or autonomous body controlled by, the Government of India and includes Government companies as defined in the Companies Act.
Works 1Works means all works as per Rule 130 of GFR- 2017, and will also include turnkey works '.