Common use of Option Clause Clause in Contracts

Option Clause. The Purchaser reserves the right to increase or decrease the quantity to be ordered upto 50 percent of bid quantity at the time of placement of contract. The purchaser also reserves the right to increase the ordered quantity by up to 50% of the contracted quantity during the currency of the contract at the contracted rates. Bidders are bound to accept the orders accordingly.

Option Clause. The Purchaser reserves the right to increase or decrease the quantity to be ordered upto 50 percent of bid quantity by up to 25% at the time of placement of contractcontract placement. The purchaser Purchaser also reserves the right to increase the ordered quantity by up to 5025% of the contracted quantity during the currency of the contract duration at the contracted rates. Bidders are bound to must accept the these orders accordingly.

Option Clause. The Purchaser reserves the right to increase or decrease the quantity to be ordered and contract validity upto 50 percent of bid quantity 50% at the time of placement of contract. The purchaser also reserves the right to increase the ordered quantity and contract validity by up to 50% of the contracted quantity during the currency of the contract at the contracted rates. Bidders are bound to accept the orders accordingly.