Price Fall a) The prices under rate contract shall be subject to price fall clause. Price fall clause is a price safety mechanism in rate contracts and it provides that if the rate contract holder quotes / reduces its price to render similar goods, works or services at a price lower than the rate contract price to anyone in the State at any time during the currency of the rate contract, the rate contract price shall be automatically reduced with effect from the date of reducing or quoting lower price, for all delivery of the subject matter of procurement under that rate contract and the rate contract shall be amended accordingly. The firms holding parallel rate contracts shall also be given opportunity to reduce their price by notifying them the reduced price giving them fifteen (15) days time to intimate their acceptance to the revised price.
b) Similarly, if a parallel rate contract holding firm reduces its price during currency of the rate contract, its reduced price shall be conveyed to other parallel rate contract holding firms and the original rate contract holding firm for corresponding reduction in their prices. If any rate contract holding firm does not agree to the reduced price, further transaction with it, shall not be conducted.
Price Fall a) If the bidder i.e. rate contract holder quotes/ reduces its price to render similar goods, works or services at a price lower than the rate contract price to anyone in the State at any time during the currency of the rate contract, the rate contract price shall be automatically reduced with effect from the date of reducing or quoting lower price, for all delivery of the subject matter of procurement under the rate contract and the rate contract shall be amended accordingly.
b) The bidder, for compliance of the (a) above, shall furnish an undertaking to the Purchaser along with each bill for payment for supplies made against the Rate Contract.
Price Fall a) If the bidder i.e. rate contract holder quotes/ reduces its price to render similar goods, works or services at a price lower than the rate contract price to anyone in the country at any time during the currency of the rate contract, the rate contract price shall be automatically reduced with effect from the date of reducing or quoting lower price, for all delivery of the subject matter of procurement under the rate contract and the rate contract shall be amended accordingly.The firm/s holding parallel rate contracts shall also be given opportunity to reduce their price by notifying them the reduced price giving fifteen (15) days of time to intimate their acceptance to the revised price.
b) Similarly, if a parallel rate contract holding firm reduces its price during currency of the rate contract, its reduced price shall be conveyed to other parallel rate contract holding firms and the original rate contract holding firm for corresponding reduction in their prices. If any Rate Contract for Setting up of Interactive Digital Amusement Gallery during various events rate contract holding firm does not agree to the reduced price, further transaction with it, shall not be conducted.
c) The bidder, for compliance of the (a) above, shall furnish an undertaking to the Purchaser along with each bill for payment for supplies made against the Rate Contract.
Price Fall. 12.1 The Annual Maintenance Fees payable to the Second Party by the First Party under this Contract shall not in any event, whatsoever, exceed the charges for the similar contract entered into by the Second Party with any other Third Party during the currency of the Contract.
12.2 If at any time during the said period, the Second Party reduces the maintenance charges or offers to maintain similar goods for any person/organisation including the First Party or any department of State or Central Govt. or any department. of a State Govt. or statutory undertaking of the Central or State Govt., as the case may be, at a rate lower than the rates chargeable under this contract, the Second Party shall forthwith notify such reduction of maintenance charges or offer to maintain the Goods and the price payable under the contract for the maintenance of Goods after the date of coming into force of such reduction the offer for maintenance shall stand correspondingly reduced.
Price Fall. The prices under a rate contract shall be subject to price fall clause. if the rate contract holder quotes/reduces its price to render works or services at a price lower than the rate contract price to anyone in the State at any time during the currency of the rate contract, the rate contract price shall be automatically reduced with effect from the date of reducing or quoting lower price, for all delivery of the subject matter of procurement under that rate contract and the rate contract shall be amended accordingly. The bidder should necessarily furnish a certificate for the lowest rate prevailing at the commencement of the rate contract (as per Annexure 9) during first week of the commencement of the work.
Price Fall a) If the bidder i.e. rate contract holder quotes/ reduces its price to render similar goods, works or services at a price lower than the rate contract price to anyone in the country at any time during the currency of the rate contract, the rate contract price shall be Rate Contract for Setting up of IT Fun City (Interactive Digital Amusement Gallery) at
Price Fall a) The prices quoted/ charged for the good and/ or related services supplied under the Contract by the bidder shall in no event exceed the lowest price, at which the bidder sells the articles or offer to sell articles of identical description to any person(s)/ organisation(s) including the Purchaser or any Department of the Central Government or any Department of a State Government or any statutory undertaking of the Central or a State Government, as the case may be, during the period till performance of all Work Orders placed during the currency of Rate Contract is completed.
b) If, at any time during the said period, the bidder reduces the Sale price, sells or offers to sell such articles to any person(s)/ organisation(s) including the Purchaser or any Statutory Undertaking of the Central or a State Government, as the case may be, at a price lower than the price chargeable under this Contract, he shall forthwith notify such reduction or Sale or offer of Sale to the Purchaser and the price payable under the Contract for the stores supplied after the date of coming into force of such reduction or sale or offer of sale stand correspondingly reduced.
c) The bidder shall furnish the following certificate to the Purchaser along with each bill for payment for supplies made against the Rate Contract.
