Common use of FREAK LOW QUOTES Clause in Contracts

FREAK LOW QUOTES. 22.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100/L1) is 30% or more with reference toL1.

Appears in 2 contracts

Samples: Service Level Agreement, Additional Service Level Agreement

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FREAK LOW QUOTES. 22.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100L2-L1) *100/L1) is 30% or more with reference toL1to L1.

Appears in 2 contracts

Samples: Additional Service Level Agreement, mazagondock.in

FREAK LOW QUOTES. 22.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L2-L1)*100/L1) is 30% or more with reference toL1. then the contract shall be placed only after conducting a meeting with L1 bidder to ascertain whether the quoted prices are “workable”.

Appears in 1 contract

Samples: mazagondock.in

FREAK LOW QUOTES. 22.123.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates estim ates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100/L1) is 30% or more with reference toL1to L1.

Appears in 1 contract

Samples: mazagondock.in

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FREAK LOW QUOTES. 22.123.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1)*100/L1) is 30% or more with reference toL1to L1.

Appears in 1 contract

Samples: Additional Service Level Agreement

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