Common use of ITEM DESCRIPTION Clause in Contracts

ITEM DESCRIPTION. XYZ Item Quantity Opening Prices in Rs Bid Decrement in Rs Opening Time Closing Time XYZ Package Will be displayed On Auction screen Will be displayed On Auction screen As above As above PROCESSTODECIDETHEWINNERI.E.L-1BIDDER: The following example will clarify the process to be followed in the proposed reverse auction to decidethewinneri.e.L-1:

ITEM DESCRIPTION. XYZ Item Quantity Opening Prices in Rs Bid Decrement in Rs Opening Time Closing Time XYZ X YZ Package Will be displayed On Auction screen Will be displayed On Auction screen As above As above PROCESSTODECIDETHEWINNERI.E.L-1BIDDERP ROCESS TO DECIDE THE WINNER I.E. L-1 BIDDER: The following example will clarify the process to be followed in the proposed reverse auction to decidethewinneri.e.decide the winner i.e. L-1: I llustrative Example: • The Indicative Price Bids shall be submitted by the various bidders in the following format: