Letter of Undertaking definition
Examples of Letter of Undertaking in a sentence
This Letter of Undertaking shall be issued as “Payment on Order Instrument” (POI), wherein the POI issuing organization undertakes to pay in all scenarios under which the PBG would be liable to be encashed by SECI within the provisions of RfS/PPA.
Rates quoted in the price bid should be exclusive of GST.It is mandatory to bidders to execute LUT (Letter of Undertaking) and supply the goods and services at zero rated GST.The company shall be performing all its duties of deduction of TDS and other deduction on payment made to the contractor as per applicable legislationThe tenderer shall quote rates up to zero decimal and as well as in words.
This Letter of Undertaking shall be issued as “Payment on Order Instrument” (POI), wherein the POI issuing organization undertakes to pay in all scenarios under which the EMD would be liable to be encashed by SECI within the provisions of RfS/PPA.
Notice Inviting e-Tender (NIT), Special Instructions to Bidder for e-Tendering, Instruction to Tenderer (ITT) & General Conditions of Contract (GCC), Addendum to ITT, Bidder Information, Form of Tender, Memorandum, Letter of Undertaking, Proforma for Affidavit and Proforma for Integrity Pact.
Notwithstanding the above, if Buyers provides a copy of Bill of Lading before such time limit, Letter of Undertaking (LOU) above shall not apply.