Examples of Free Issue in a sentence
For certain Fabrication Contracts, if specified in the tender, the Purchaser shall provide Free Issue Material (FIM) to Contractor, as per quantities/sizes along with costs of such material mentioned in the tender.
And whereas, the Purchaser has agreed to supply the Free Issue Materials referred to in the Contract/Purchase Order for the purpose of fabrication, machining and supply of the equipment and stores as referred to in the Contract/Purchase Order.
Bank Guarantee towards Free Issue Materials (FIM): The successfull Tenderers shall furnish Bank Guarantee (BG) towards the cost of Free Issue Materials issued by Purchaser towards adequate Security for the FIM for the execution of the Contract.
Free Issue Material (FIM) will be issued to the Contractor only after receipt of the Insurance Policy from the Contractor.
This clause shall apply only to contracts for supply of fabricated equipment with purchaser's Free Issue Materials (FIM).
Supplier has to submit Bank guarantee for equal value of Free Issue of Materials (FIM) issued by the Department from Nationalised / Scheduled Bank valid till receipt and acceptance of supply and satisfactory accounting of FIM plus sixty days as claim period.
Wherever contracts envisage supply of Free Issue Material (FIM) by the Purchaser to the contractor for fabrication of the contracted equipment/stores, such Free Issue Material shall be safeguarded by an insurance policy to be provided by the Contractor at his own cost for the full value of such materials and the insurance policy shall cover, the following risks specifically and shall be valid for six months beyond the contractual delivery date: 1.
Annexure VI - Technical documents, QAP, Specification, Drawing, Scope, Special Payment Terms, reconciliation Details, Free Issue Steel plate Details etc.
The cost of laying M.S. Bars will be included in rate for partition walls in case of Free Issue of reinforcement by Owner.
Successful tenderer will have to arrange insurance showing beneficiary as “Institute for Plasma Research” at their risk and cost towards adequate security for the materials/property provided/issued by the Purchaser as Free Issue Material for the due execution of the contract.