Common use of Reverse Auction Clause in Contracts

Reverse Auction. In case of Reverse Auction, the successful bidder shall undertake to execute the work as per overall price offered by him during the Reverse Auction process. In case of omission of rates, the procedure shall be as per „Guidelines for Reverse Auction‟ enclosed.

Appears in 2 contracts

Sources: General Conditions of Contract, General Conditions of Contract

Reverse Auction. In case of Reverse Auction, the successful bidder shall undertake to execute the work as per overall price offered by him during the Reverse Auction process. In case of omission of rates, the procedure shall be as per Guidelines for Reverse Auction‟ Auction’ enclosed.

Appears in 2 contracts

Sources: Maintenance Contract, Maintenance Contract

Reverse Auction. In case of Reverse Auction, the successful bidder shall undertake to execute the work as per overall price offered by him during the Reverse Auction process. In case of omission of rates, the procedure shall be as per „Guidelines for Reverse Auction‟ enclosed.

Appears in 1 contract

Sources: Rate Contract

Reverse Auction. In case of Reverse Auction, the successful bidder shall undertake to execute the work as per overall price offered by him during the Reverse Auction process. In case of omission of rates, the procedure shall be as per „Guidelines 8Guidelines for Reverse Auction‟ Auction9 enclosed.

Appears in 1 contract

Sources: Framework Agreement