Examples of RATE CONTRACT in a sentence
Goods shall be delivered by the supplier on “Free Delivery at Site” basis and delivered as per Delivery Period specified in the Purchase Order placed against Rate Contract.
If our bid is accepted, we undertake to supply the items for which Rate Contract has been concluded, in accordance with the delivery schedule specified in the Schedule specified in the schedule of Requirements.
If a Contract includes both a Maximum Obligation component and Rate Contract component, check off both, specific Maximum Obligation amounts or amended amounts and Attachments must clearly outline the Contract breakdown to match the encumbrance.
Prices quoted by the bidder shall remain firm and fixed during the period of the Rate Contract and not subject to variation on any account.
COMPENSATION Identify if the Contract is a Rate Contract (with no stated Maximum Obligation) or a Maximum Obligation Contract (with a stated Maximum Obligation) and identify the Maximum Obligation.