Examples of Fall Clause in a sentence
Fall Clause: If the supplier reduces its price or sells or even offers to sell the contracted goods, following conditions of sale similar to those of the contract, at a price lower than the contract price, to any person or organisation during the currency of the contract, the contract price will be automatically reduced with effect from that date for all the subsequent supplies under the contract and the contract amended accordingly.
Railway Standard Fall Clause S.NoDescription1Railway Standard Fall Clause shall be applicable.
Option Clause S.NoDescription1NOT APPLICABLE Railway Standard Fall Clause S.NoDescription1NOT APPLICABLE Standard Governing Conditions S.NoDescription1IRS Conditions of Contract: The contract shall be governed by latest version (along with all correction slips) of IRS conditions of contract, and all other terms and conditions incorporated in the tender documents.2GREEN TRANSPORT POLICY:- I) SUPPLIERS SHALL NOT ENGAGE TRUCKS/ VEHICLES OF MORE THAN 15 YEARS OLD FOR TRANSPORT OF GOODS TO RCF.
However, if the parallel rate contract holders attempt to grab more orders by unethical means by announcing reduction of their price (after getting the rate contract) under the guise of Fall Clause and their performances are not found to be up to the mark, appropriately severe action should be taken against them including deregistering them, suspending business deals with them, terminating the contract or any other action as deemed fit by the Buyer.
Price Fall Clause is that the price quoted in the tender/quotation or approved in the Rate Contract for the stores shall not exceed in any way the lowest price at which the tenderer quote for the supply the stores of identical description to Central / State Government Institutions/Undertakings/any other person during the delivery period/currency period of the rate contract.
We further confirm that, until a formal contract is executed, this Bid read with your written acceptance thereof within the aforesaid period shall constitute a binding contract between us.We agree to all terms and conditions of General Conditions of Contract as per Section-VII.We agree to clause Fall Clause at S.
On many occasions, the parallel rate contract holders attempt to grab more orders by unethical means by announcing reduction of their price (after getting the rate contract) under the guise of Fall Clause.
Option Clause S.NoDescription1NOT APPLICABLE Railway Standard Fall Clause S.NoDescription1NOT APPLICABLE Standard Governing Conditions S.NoDescription1GREEN TRANSPORT POLICY:- I) SUPPLIERS SHALL NOT ENGAGE TRUCKS/ VEHICLES OF MORE THAN 15 YEARS OLD FOR TRANSPORT OF GOODS TO RCF.
Railway Standard Fall Clause S.NoDescription1Not to be included Standard Governing Conditions S.NoDescription1IRS Conditions of Contract: The contract shall be governed by latest version (along with all correction slips) of IRS conditions of contract, and all other terms and conditions incorporated in the tender documents.
Railway Standard Fall Clause S.NoDescription1Not to be included Standard Governing Conditions S.NoDescription1GREEN TRANSPORT POLICY:- I) SUPPLIERS SHALL NOT ENGAGE TRUCKS/ VEHICLES OF MORE THAN 15 YEARS OLD FOR TRANSPORT OF GOODS TO RCF.