Common use of FREAK LOW QUOTES Clause in Contracts

FREAK LOW QUOTES. 22.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100/L1) is 30% or more with reference toL1. 22.2. In case after opening of price bid of technically cleared firms, it is noted that L-1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to other PSUs. 22.3. MDL reserves the right of part-ordering the services.

FREAK LOW QUOTES. 22.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100L2-L1) *100/L1) is 30% or more with reference toL1to L1. 22.2. In case after opening of price bid of technically cleared firms, it is noted that L-1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to other PSUs. 22.3. MDL reserves the right of part-ordering the services.

FREAK LOW QUOTES. 22.123.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100/L1) is 30% or more with reference toL1to L1. 22.223.2. In case after opening of price bid of technically cleared firms, it is noted that L-1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to GEM and other PSUs. 22.323.3. MDL reserves the right of part-ordering the services.

FREAK LOW QUOTES. 22.123.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates estim ates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100/L1) is 30% or more with reference toL1to L1. 22.223.2. In case after opening of price bid of technically cleared firmsfirm s, it is noted that L-1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to GEM and other PSUs. 22.323.3. MDL reserves the right of part-ordering the services.