lakh Clause Samples
The 'lakh' clause defines the term 'lakh' as a unit of measurement equal to one hundred thousand, commonly used in South Asian countries for counting large numbers, especially in financial or commercial contexts. In contracts, this clause clarifies that whenever the term 'lakh' appears, it should be interpreted as 100,000 of the relevant unit, such as currency or quantity. By providing this definition, the clause ensures clarity and prevents misunderstandings regarding numerical values, particularly for parties unfamiliar with the term.
lakh. (Usually not less than two times the estimated annual payment under the contract)
lakh. The Audited balance sheets or registered Chartered Accountant statement of accounts may be submitted in this respect. vi The firm/contractor should have done at least:
lakh. The bid security shall be valid for a period of 210 days from date of opening of bids. This bid security is to be furnished in the form of Call/NSC/FDR from Nationalized Bank of India in favour of the Addl. Chief Engineer, PHE., Zone-I, Meghalaya, Shillong.
lakh. The price will include the laying of drainage and water connections to the Municipal mains and electric connections to the ………. mains and all the specified amenities.
lakh. The ▇▇▇▇▇▇▇ Money Deposit of the Consultant (successful Offerer) shall be converted into part of the Performance Guarantee with the balance amount being also deposited before signing of the Agreement.
lakh. The annual turnover of the firm/contractor during each of the last 3 years (ending 31.03.2025) should be at least 30% of the estimated cost of tender i.e. Rs. 34.00 lakh iv The Audited balance sheets or registered Chartered Accountant statement of accounts may be submitted in this respect. v The firm/contractor should have done at least:
lakh. The matter was reported to the Ministry in November 2006; reply was awaited (January 2007).
lakh. Tenderer shall submit last three years audited financial statement duly attested by certified Charted Accountant to work out net worth and turnover. The net worth must be positive.
lakh. (Rupees one lakhs only) in the form ofa Bank Guarantee drawn on a nationalized bank and operatable at Raipur in favour of the ‘Chief Executive Officer, NRDA, Raipur’ for the said amount is attached.
lakh. Similar work means –Transport agency work/ Auto workshop work/ Mechanical maintenance work/ any skilled labour engagement oriented works in any industry/ corporation/ organization/ Firm.