Common use of Fall Clause Clause in Contracts

Fall Clause. 7.1 The BIDDER undertakes that it has not supplied/is not supplying similar products /systems or subsystems at a price lower than that offered in the present bid in respect of any other Ministry/Department of the Government of India or PSU and if it is found at any stage that similar product/systems or sub systems was supplied by the BIDDER to any other Ministry/Department of the Government of India or a PSU at a lower price, then that very price, with due allowance for elapsed time, will be applicable to the present case and the difference in the cost would be refunded by the BIDDER to the BUYER, if the contract has already been concluded. 8

Appears in 3 contracts

Samples: Request for Proposal, Request for Proposal for Engagement of Consultant for Providing Consultancy Services for Credit Guarantee Scheme Ii NBFCS, development.sidbi.in

Fall Clause. 7.1 6.1 The BIDDER undertakes that it has not supplied/is not supplying similar products /systems or subsystems at a price lower than that offered in the present bid in respect of any other Ministry/Department of the Government of India or PSU and if it is found at any stage that similar product/systems or sub systems was supplied by the BIDDER to any other Ministry/Department of the Government of India or a PSU at a lower price, then that very price, with due allowance for elapsed time, will be applicable to the present case and the difference in the cost would be refunded by the BIDDER to the BUYER, if the contract has already been concluded. 87

Appears in 2 contracts

Samples: Request for Proposal, www.sidbi.in

Fall Clause. 7.1 The BIDDER undertakes that it has not supplied/supplied/ extended/ is not supplying supplying/ extending similar products products/ services /systems or subsystems at a price lower than that offered in the present bid in respect of any other Ministry/Ministry/ Department of the Government of India or PSU and if it is found at any stage that similar product/product/ services/ systems or sub systems was supplied by the BIDDER to any other Ministry/Ministry/ Department of the Government of India or a PSU at a lower price, then that very price, with due allowance for elapsed time, will be applicable to the present case and the difference in the cost would be refunded by the BIDDER to the BUYER, if the contract has already been concluded. 8

Appears in 1 contract

Samples: www.cgtmse.in

Fall Clause. 7.1 The BIDDER undertakes that it has not supplied/is not supplying similar products /systems or subsystems or providing similar services at a price lower than that offered in the present bid in respect of any other Ministry/Department of the Government of India or PSU and if it is found at any stage that similar product/systems or sub systems was supplied or similar services provided by the BIDDER to any other Ministry/Department of the Government of India or a PSU at a lower price, then that very price, with due allowance for elapsed time, will be applicable to the present case and the difference in the cost would be refunded by the BIDDER to the BUYER, if the contract has already been concluded. 8.

Appears in 1 contract

Samples: Bank Guarantee