Self Pinion Lock

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

• 1.Show the sample before participate the BID.
• 2.Items should be replacement policy min 30 Days.
• 3.Items should be delivered within 24 hours.
• 4.Terms of Payment: payment should be made within 30 days after successfully receipt of store as 100 % serviceable condition.
• 5.Specification certificate: specification certificate must be uploaded by the seller while participate in the bid otherwise seller can be reject by the buyer.
• 6.Place of inspection: At Consignee place.
• 7.Inspection authority: consignee’s BOO.
• 8.Specification: items should be strictly asper the specification given by the buyer. Any deviation r esult in the rejection of items/cancellation of supply order/ demand for replacement of stores. .