Common use of Vendor Portal Clause in Contracts

Vendor Portal. On being selected, the successful vendors to whom orders will be placed and payment released will have to upload the information stating the name of the payee/ recipient, Bank account no with MICR No, IFSC Code of the payee/recipient to Vendors’ Portal for making e payment. An application also to be submitted to the Central Medical Stores stating the above information. No manual payment will be made.

Vendor Portal. On being selected, the successful vendors to whom orders will be placed and payment released will have to upload the information stating the name of the payee/ recipient, Bank account no with MICR No, IFSC Code of the payee/recipient to Vendors’ Portal for making e payment. An application named ‘E Mandate’ also to be submitted to the Central Medical Stores & ordering authority stating the above information. No manual payment will be made.