Item Rate definition

Item Rate. Means the rate of each item at the time of signing of the Contract as given in BoQ. The following General Conditions shall apply to this Contract:-
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Item Rate means the rates determined on the basis of latest biannual market rates system notified by the Government of Punjab through the Finance Department, Government of Punjab applicable at the time of award of the Tender.
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Item Rate means the rate mentioned in the BOQ for each item.
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Examples of Item Rate in a sentence

  • In case of Item Rate Tenders, the revision of rates for (i) abnormally high rate items and (ii) abnormally low rate items, shall become operative under the following circumstances:- For increase in quantity of more than 25% in respect of works executed below plinth level and 10% in respect of works executed above plinth level.

  • Item Rate Tenders are invited in the prescribed tender documents by the Chief Executive Officer, Naya Raipur Development Authority (NRDA), Raipur Chhattisgarh from eligible contractors registered with any Central / state /semi Government of India or public sector undertaking.

  • For Item Rate Contract a) If the rates for the additional, altered or substituted WORK are specified in the CONTRACT for the WORK, the CONTRACTOR is bound to carry on the additional, altered or substituted WORK at the same rates as are specified in the CONTRACT.

  • The date, time and venue of opening of Item Rate BoQ will be advised to the technically qualified bidders separately.

  • The contractor is to quote the rate (on Item Rate) online through Computer in the space marked in the BOQ.

  • A Bidder granting extension of validity will not be permitted to modify his technical or Item Rate BoQ.

  • The price- bid will be in Item Rate or Percentage Rate BOQ format and the bidder will have quote for all the tendered items and the L-1 will be decided on overall quoted value (i.e. Cost to Company).

  • The Price-bid will be in Item Rate BOQ format and the bidder will have to quote for all the tendered items and the L-1 will be decided on overall quoted value (i.e. Cost to company).

  • In the case of Item Rate Tenders, only rates quoted shall be considered.

  • Item Rate BoQ will be opened and compared at the specified date and time.


More Definitions of Item Rate

Item Rate means the rate for each Item listed in Schedule 3.
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Item Rate means the rate to be quoted against the specific item of the schedule of items provided inthe tender document.
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Related to Item Rate

  • Maximum Rate shall have the meaning assigned to such term in Section 9.09.

  • Premium Rate means the rate charged to an eligible group or eligible individual for a small group health plan.[PL 1991, c. 861, §2 (NEW).]

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.