Handling ,Transport and Other Mining Services - Percentage quote based - Handling Service, Handling

OPTION CLAUSE 25% : The buyer can increase or decrease the contract quantity or contract duration up to 25 percent at the time of issue of the contract. However, once the contract is issued, the contract quantity or contract duration can only be increased up to 25 percent. Bidders are bound to accept the revised quantity or duration. For lumpsum-based service contracts, the buyer may increase the scope of work and contract value up to 25 percent with the consent of the service provider

Buyer Added text based ATC clauses Illustration – If the Schedule of Rates (SoR) as mentioned in the bid is Rs. 100, then the percent rate quoted by the bidd er on the GeM portal will be treated as under: I. If the bidder quotes 100% then the rate will be treated as Rs. 100 X 100% i.e. Rs. 100 which is equivalen t to Schedule of Rates (SoR). i.e. at par with SoR II. If the bidder quotes 60% then the rate will be treated as Rs. 100 X 60% i.e. Rs. 60 which is Below Sched ule of Rates (BSoR). i.e. 40% BSoR III. If the bidder quotes 120% then the rate will be treated as Rs. 100 X 120% i.e. Rs. 120 which is Above Sc hedule of Rates (ASoR). i.e. 20% ASoR. . अ'वीकरण अ'वीकरण /Disclaimer