Common use of Margin of Purchase Preference Clause in Contracts

Margin of Purchase Preference. The margin of purchase preference shall be 20%. The Local supplier whose quoted price falls in the margin of purchase preference desirous of claiming benefit of the Order No. P-45021/2/2017-B.E.-II dated 15/06/2017 shall submit an undertaking within 7 days of opening of financial bid, that he would be ready to supply the product at L1 price. In case of non-receipt of the same, he would not be given purchase preference. for All India Institute of Medical Sciences, Nagpur

Margin of Purchase Preference. The margin of purchase preference shall be 20%. The Local supplier whose quoted price falls in the margin of purchase preference desirous of claiming benefit of the Order No. P-45021/2/2017-B.E.-II dated 15/06/2017 shall submit an undertaking within 7 days of opening of financial bid, that he would be ready to supply the product at L1 price. In case of non-receipt of the same, he would not be given purchase preference. Rate Contract for Common Medical Consumables AIIMS.NAG/Med. Cons./RC/19-20/07 for All India Institute of Medical Sciences, Nagpur