Common use of Currency of Contract Clause in Contracts

Currency of Contract. 24.1 It is a rate contract for many works at different places undertaken by BSNL Himachal Pradesh Circle and agency has to execute work at all locations at no extra cost. Separate letter of intent (L.O.I.) will be issued for each site work and separate agreements shall be framed by E.E (E) concerned based on master agreement. All questions and dispute concerning the work shall be in reference to individual agreements only and will be adjudicated as individual agreements without co-relation with other individual agreements. In the event of any contradiction regarding the interpretation of the specifications, clauses or conditions of the individual agreement, the Rate contract agreement will prevail. 24.2 The Rate contract shall be valid for Twelve Months for work including 50% deviation if any, after the date of its acceptance. The ordering quantity can be deviated up to the extent of 50% (deviation limit) without the consent of the firm. The firm shall execute such quantities at the rate quoted in the tender without any change in terms and conditions of the contract. This Rate Contract shall be valid for issue of LOI for Twelve Months after the date of its acceptance and same can be extended for a further period of six months without consent of the contractor and for next six months subject to the written consent of the contractor.

Currency of Contract. 24.1 It is a rate contract for many works at different places undertaken by BSNL Himachal Pradesh Circle at anywhere in Himachal Pradesh and agency has to execute work at all locations at no extra cost. Separate letter of intent (L.O.I.) will be issued for each site work and separate agreements shall be framed by E.E (E) concerned based on master agreement. All questions and dispute concerning the work shall be in reference to individual agreements only and will be adjudicated as individual agreements without co-relation with other individual agreements. In the event of any contradiction regarding the interpretation of the specifications, clauses or conditions of the individual agreement, the Rate contract agreement will prevail. 24.2 The Rate contract shall be valid for Twelve Months for work including 50% deviation if any, after the date of its acceptance. The ordering quantity can be deviated up to the extent of 50% (deviation limit) without the consent of the firm. The firm shall execute such quantities at the rate quoted in the tender without any change in terms and conditions of the contractcontract at anywhere in Himachal Pradesh. This Rate Contract shall be valid for issue of LOI for Twelve Months after the date of its acceptance and same can be extended for a further period of six months without consent of the contractor and for next six months subject to the written consent of the contractor.

Currency of Contract. 24.1 It is a rate contract for many works at different places undertaken by BSNL Himachal Pradesh on UP East Circle and agency has to execute work at all locations at no extra cost. Separate letter of intent (L.O.I.) will be issued for each site work individual works and separate agreements shall be framed by E.E (E) concerned based on master agreementfor individual works. All questions and dispute concerning the work shall be in reference to individual agreements only and will be adjudicated as individual agreements without co-relation with other individual agreements. In the event of any contradiction regarding the interpretation of the specifications, clauses or conditions of the individual agreement, the Rate contract agreement will prevail. 24.2 . The Rate contract shall be valid for Twelve Months for work “Supply, installation, testing and commissioning of the entire system of inverter type split Air-conditioning Units” including 50% deviation if any, after the date of its acceptance. The ordering quantity can be deviated up to the extent of 50% (deviation limit) without the consent of the firm. The firm shall execute such quantities at the rate quoted in the tender without any change in terms and conditions of the contract. This Rate Contract shall be valid for issue of LOI for Twelve Months after the date of its acceptance and same can be extended for a further period of six months without consent of the contractor and for next six months subject to the written consent of the contractor. Normally Rate-Contract will be valid for one year from the date of signing the contract agreement which can be extended further for one year or part thereof on the same rates, terms and conditions.