Common use of Procedure for Purchase Preference in procurement Clause in Contracts

Procedure for Purchase Preference in procurement. of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDER i. Among all qualified bids, the lowest bid will be termed as L1. If L1 is from a local supplier, the contract for full quantity will be awarded to L1. ii. If L1 bid is not from a local supplier, 50% of the order quantity shall be awarded to L1. Thereafter, the lowest bidder among the local suppliers will be invited to match the L1 price for the remaining 50% quantity subject to the local supplier's quoted price falling within the margin of purchase preference, and contract for that quantity shall be awarded to such local supplier subject to matching the L1 price. iii. In case such lowest eligible local supplier fails to match the L1 price or accepts less than the offered quantity, the next higher local supplier within the margin of purchase preference shall be invited to match the L1 price for remaining quantity and so on, and contract shall be awarded accordingly. iv. In case some quantity is still left uncovered on local suppliers, then such balance quantity may also be ordered on the L1 bidder.

Appears in 1 contract

Samples: Maintenance Contract

AutoNDA by SimpleDocs

Procedure for Purchase Preference in procurement. of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDER i. Among all qualified bids, the lowest bid will be termed as L1L 1. If L1 L 1 is from a local supplier, the contract for full quantity will be awarded to L1. ii. If L1 L 1 bid is not from a local supplier, 50% of the order quantity shall be awarded to L1L 1. Thereafter, the lowest bidder among the local suppliers suppliers, will be invited to match the L1 price for the remaining 50% quantity subject to the local supplier's quoted price falling within the margin of purchase preference, and contract for that quantity shall be awarded to such local supplier subject to matching the L1 L 1 price. iii. In case such lowest eligible local supplier fails to match the L1 L 1 price or accepts less than the offered quantity, the next higher local supplier within the margin of purchase preference shall be invited to match the L1 L 1 price for remaining quantity and so on, and contract shall be awarded accordingly. iv. In case some quantity is still left uncovered on local suppliers, then such balance quantity may also be ordered on the L1 L 1 bidder.

Appears in 1 contract

Samples: Rate Contract for Video Recording of Current Collection Test

Procedure for Purchase Preference in procurement. of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDER i. Among all qualified bids, the lowest bid will be termed as L1L 1. If L1 L 1 is from a local supplier, the contract for full quantity will be awarded to L1. ii. If L1 bid is not from a local supplier, 50% of the order quantity shall be awarded to L1L 1. Thereafter, the lowest bidder among the local suppliers suppliers, will be invited to match the L1 price for the remaining 50% quantity subject to the local supplier's quoted price falling within the margin of purchase preference, and contract for that quantity shall be awarded to such local supplier subject to matching the L1 L 1 price. iii. In case such lowest eligible local supplier fails to match the L1 L 1 price or accepts less than the offered quantity, the next higher local supplier within the margin of purchase preference shall be invited to match the L1 L 1 price for remaining quantity and so on, and contract shall be awarded accordingly. iv. In case some quantity is still left uncovered on local suppliers, then such balance quantity may also be ordered on the L1 L 1 bidder.

Appears in 1 contract

Samples: Rate Contract

Procedure for Purchase Preference in procurement. of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDER i. Among all qualified bids, the lowest bid will be termed as L1. If L1 is from a local supplier, the contract for full quantity will be awarded to L1. ii. If L1 bid is not from a local supplier, 50% of the order quantity shall be awarded to L1. Thereafter, the lowest bidder among the local suppliers suppliers, will be invited to match the L1 price for the remaining 50% quantity subject to the local supplier's quoted price falling within the margin of purchase preference, and contract for that quantity shall be awarded to such local supplier subject to matching the L1 price. iii. In case such lowest eligible local supplier fails to match the L1 price or accepts less than the offered quantity, the next higher local supplier within the margin of purchase preference purchasepreference shall be invited to match the L1 price for remaining quantity and so on, and contract shall be awarded accordingly. iv. In case some quantity is still left uncovered on local suppliers, then such balance quantity may quantitymay also be ordered on the L1 bidder.

Appears in 1 contract

Samples: Maintenance Contract

AutoNDA by SimpleDocs

Procedure for Purchase Preference in procurement. of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDERSUBJECTTENDER i. Among all qualified bids, the lowest bid will be termed as L1. If L1 is from a local supplier, the contract for full quantity will be awarded to L1toL1. ii. If L1 bid is not from a local supplier, 50% of the order quantity shall be awarded to L1. Thereafter, the lowest bidder among the local suppliers suppliers, will be invited to match the L1 price for the remaining 50% quantity subject to the local supplier's ’s quoted price falling within the margin of purchase preference, and contract for that quantity shall be awarded to such local supplier subject to matching the L1 price. iii. In case such lowest eligible local supplier fails to match the L1 price or accepts less than the offered quantity, the next higher local supplier within the margin of purchase preference shall be invited to match the L1 price for remaining quantity and so on, and contract shall be awarded accordingly. iv. In case some quantity is still left uncovered on local suppliers, then such balance quantity may also be ordered on the L1 bidderL1bidder.

Appears in 1 contract

Samples: Construction Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!