TERMS AND CONDITIONS OF CONTRACT. The Rate contract shall be for a period of one year from the date of award of contract or as indicated in the Letter of Intent (LoI). The contract may be extendable year to year subject to satisfactory performance and willingness to continue on the same terms and conditions or as may be agreed mutually by both the parties under the prevailing circumstances.
Appears in 5 contracts
Samples: Rate Contract, Rate Contract, Rate Contract
TERMS AND CONDITIONS OF CONTRACT. The Rate contract shall be for a period of one year from the date of award of contract or as indicated in the Letter of Intent (LoI). The contract may be extendable year to year subject to satisfactory performance and willingness to continue on the same terms and conditions or as may be agreed mutually by both the parties under the prevailing circumstances. The bidders are expected to read carefully all the terms and conditions of the tender documents and their submission will be taken as consent to abide.
Appears in 1 contract
Samples: Tender Document
