PRICE/PAYMENT TERMS. As per GeM provisions 100 percent payment shall be done upon completion of scope of supply after delivery and acceptance of the same by the co nsignee.
PRICE/PAYMENT TERMS. As per GeM provisions, 100 percent payment shall be done upon completion of scope of supply after delivery and acceptance of the same by the consignee. Offered Price against this bid should not be disclosed in any manner in submission of techno-commercial documents. Di sclosure of price before price bid opening may render the bid as non-responsive and shall be eligible for rejection of bid
PRICE/PAYMENT TERMS. I. Capital Items:
a. 80% payment of equipment value along with full taxes and duties, may be released within 21 days after delivery and accept ance of the same by the consignee and receipt and acceptance of performance bank guarantee.
b. Balance payment (20% of equipment value and ITC & other charges) shall be made within 21 days after successful completi on of erection, testing, commissioning and final acceptance of the equipment (along with the accessories) upon presentatio n of certificates of successful commissioning. A certificate shall immediately be submitted by the unit concerned duly vetted by the SO(E&M)/SO(Excv) and area GM to the paying authority through GM(E&M)-HOD/GM(Excv)-HOD to the effect that the e quipment has been erected and commissioned to their entire satisfaction.
PRICE/PAYMENT TERMS i. Payment for 80% of contract value shall be made within 10 days from generation of CRAC a nd receipt and acceptance of Performance Security (Security Deposit)
ii. Payment For Balance 20% of contract value shall be made after successful completion of, in stallation and commissioning upon presentation of certificates from the Project Officer/GM( E&M) to the effect that the equipment has been erected and commissioned to their entire s atisfaction.
PRICE/PAYMENT TERMS. As per GeM provisions , 100 percent upon receipt and acceptance of material by the consignee and submission and acceptance of Security Deposit, PBG. Offered Price against this bid should not be disclosed in any manner in submission of techno-co mmercial documents. Disclosure of price before price bid opening may render the bid as non-re sponsive and shall be eligible for rejection of bid.
PRICE/PAYMENT TERMS. As per GeM. Offered Price against this bid should not be disclos ed in any manner in submission of techno-commercial documents. Disclosure of price bef ore price bid opening may render the bid as non-responsive and shall be eligible for rejec tion of bid.
PRICE/PAYMENT TERMS. As per GeM. Offered Price against this bid should not be disclosed in a ny manner in submission of techno-commercial documents. Disclosure of price before price bid opening may render the bid as non-responsive and shall be eligible for rejection of bid. Offered Price against this bid should not be disclosed in any manner in submission of techno-co mmercial documents. Disclosure of price before price bid opening may render the bid as non-re sponsive and shall be eligible for rejection of bid.
PRICE/PAYMENT TERMS. I. Capital Items:
a. 80% payment of equipment value along with full taxes and duties, may be released within 21 days after delivery and acceptance of the same by the consignee and receipt and accep tance of performance bank guarantee.
b. Balance payment (20% of equipment value and ITC & other charges) shall be made within 21 days after successful completion of erection, testing, commissioning and final acceptan ce of the equipment (along with the accessories) upon presentation of certificates of succe ssful commissioning. A certificate shall immediately be submitted by the unit concerned du ly vetted by the SO(E&M)/SO(Excv)/SO(Safety)/concerned Staff Officer (for the item) and ar ea GM to the paying authority through GM(E&M)-HOD/GM(Excv)-HOD/GM(S&R)-HOD/concer xxx XXX (for the item) to the effect that the equipment has been erected and commission ed to their entire satisfaction.
PRICE/PAYMENT TERMS i) FOR SCHEDULE I and III: Scope- Supply of goods only bAs per GeM provisions , 100 percent upon receipt and acceptance of material by the consign ee and submission and acceptance of Security Deposit and PBG.
ii) For Schedule II: Scope Supply installation and commissioning
a. 80% payment of equipment value along with full taxes and duties, may be released within 21 days after delivery and acceptance of the same by the consignee and receipt and accep tance of performance bank guarantee.
b. Balance payment (20% of equipment value and installation and commissioning & other cha rges) shall be made within 21 days after successful completion of erection, testing, commi ssioning and final acceptance of the equipment (along with the accessories) upon presenta tion of certificates of successful commissioning. A certificate shall immediately be submitt ed by the unit concerned duly vetted by the SO(E&M) and area GM to the paying authority through GM(E&M)-HOD to the effect that the equipment has been erected and commission ed to their entire satisfaction.