Durable tools

OPTION CLAUSE: The Purchaser reserves the right to increase or decrease the quantity to be ordered up to 25 percent of bid quantity at the time of placement of contract. The purchaser also reserves the right to increase the ordered quantity up to 25% of the contracted quantity during the currency of the contract at the contracted rates. The delivery period of quantity shall commence from the last date of original delivery order and in cases where option clause is exercised during the extended delivery period the additional time shall commence from the last date of extended delivery period. The additional delivery time shall be (Increased quantity ÷ Original quantity) × Original delivery period (in days), subject to minimum of 30 days. If the original delivery period is less than 30 days, the additional time equals the original delivery period. The Purchaser may extend this calculated delivery duration up to the original delivery period while exercising the option clause. Bidders must comply with these terms.

Buyer Added text based ATC clauses This tender is floated to invite vendors and shall be evaluated as a 2 Part, Groupwise, non-divisible bid. T he bid will be evaluated as a whole of each schedules, and upon successful evaluation, the entire quantity of each schedule/group shall be awarded to the eligible supplier. Participants are requested to carefully read all tender documents and complete all fields in the specificatio n forms. All required annexures must be duly filled and attached. Each document must bear the participan ts signature and official seal .