AHR ITEMS Sample Clauses
The "AHR ITEMS" clause defines and lists specific items, materials, or equipment that are subject to particular terms within the agreement. In practice, this clause typically details which goods or components are covered, outlines their specifications, and may set requirements for their delivery, quality, or use. By clearly identifying these items, the clause ensures both parties understand exactly what is included under the contract, reducing ambiguity and helping to prevent disputes over what is or is not covered.
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AHR ITEMS. In item rate contract where the quoted rates for the items exceed 50% of the estimate rates, such items will be considered as Abnormally High Rates (AHR) items and payment of AHR items beyond the SOR stipulated quantities shall be made at the lowest amongst the following rates:
AHR ITEMS. In item rate contract where the quoted rates for the items exceed 50% of the estimate rates, such items will be considered as Abnormally High Rates (AHR) items and payment of AHR items beyond the SOR stipulated quantities shall be made at the lowest amongst the following rates:
I) Rates as per SOR, quoted by the Contractor/Bidder.
II) Rate of the item, which shall be derived as follows:
a. Based on rates of Machine and labour as available from the contract (which includes contractor’s supervision, profit, overheads and other expenses).
b. In case rates are not available in the contract, rates will be calculated based on prevailing market rates of machine, material and labour plus 15% to cover contractor’s supervision profit, overhead & other expenses. Shall be as stipulated ▇▇▇▇▇▇▇▇ ▇▇ to ITB herewith.