Margin of purchase preference means the maximum extent to which the price quoted by a local supplier may be above the L1 for the purpose of purchase preference.
Margin of purchase preference. – means the maximum extent to which the price quoted by a ‘Class-I local supplier’ can be above L1 price for the purpose of purchase preference. The margin of purchase preference shall be 20%
Margin of purchase preference means the maximum extent to which the price quoted by the "Class-I local supplier" above the L1 (landed cost).
Examples of Margin of purchase preference in a sentence
Margin of purchase preference shall be 20% for the subject tender.b) Procedure for Purchase Preference to ‘Class-I local supplier’ in procurement of goods or works which are divisible in nature: NOT APPLICABLE FOR THE SUBJECT TENDERi. Among all qualified bids, the lowest bid will be termed as L1.
More Definitions of Margin of purchase preference
Margin of purchase preference means the maximum extent to which the price quoted by a “Class-1 local supplier” may be above the L1 for the purpose of purchase preference. Margin of Purchase preference would be 20% for this tender.
Margin of purchase preference means the maximum extent to which the price quoted by
Margin of purchase preference means the maximum extent to which the price quoted by a “class-I local supplier” may be above the L1 for the purpose of purchase preference which is 20%. However, it will be taken as per the status of the policy reckoned as on the date of tender opening.
Margin of purchase preference means the maximum extent to which the price quoted by a “Class-I Local Supplier” may be above the L1 for the purpose of purchase preference. The margin of purchase preference shall be 20% which is to be indicated in tender.
Margin of purchase preference means the maximum extent to which the evaluated bid price of a ‘Class-I local supplier’ may be above the L1 for the purpose of purchase preference.
Margin of purchase preference means the maximum extent to which the price quoted by a "Class-I local supplier" may be above the L1 for the purpose of purchase preference. `Nodal Ministry' means the Ministry or Department identified pursuant to this order in respect of a particular item of goods or services or works. `Procuring entity' means a Ministry or department or attached or subordinate office of, or autonomous body controlled by, the Government of India and includes Government companies as defined in the Companies Act. `Works' means all works as per Rule 130 of GFR- 2017, and will also include 'turnkey works'. Eligibility of 'Class-I local supplier'/ 'Class-II local supplier'/ Non-local suppliers' for different types of procurementIn procurement of all goods, services or works in respect of which the Nodal Ministry / Department has communicated that there is sufficient local capacity and local competition, only 'Class-I local supplier', as defined under the Order, shall be eligible to bid irrespective of purchase value.Only 'Class-I local supplier' and 'Class-II local supplier', as defined under the Order, shall be eligible to bid in procurements undertaken by procuring entities, except when Global tender enquiry has been issued. In global tender enquiries, Non-local suppliers' shall also be eligible to bid along with 'Class-I local suppliers' and 'Class-II local suppliers'. In procurement of all goods, services or works, not covered by sub-para 3(a) above, and with estimated value of purchases less than Rs. 200 Crore, in accordance with Rule 161(iv) of GFR, 2017, Global tender enquiry shall not be issued except with the approval of competent authority as designated by Department of Expenditure.For the purpose of this Order, works includes Engineering, Procurement and Construction (EPC) contracts and services include System Integrator (SI) contracts. 3A. Purchase PreferenceSubject to the provisions of this Order and to any specific instructions issued by the Nodal Ministry or in pursuance of this Order, purchase preference shall be given to Class-I local supplier' in procurements undertaken by procuring entities in the manner specified here under.In the procurements of goods or works, which are covered by para 3(b) above and which are divisible in nature, the 'Class-I local supplier' shall get purchase preference over 'Class-II local supplier' as well as Non-local supplier', as per following procedure: Among all qualified bids, the lowest bid will be termed as Ll. If L1 is 'Clas...
Margin of purchase preference means the maximum extent to which the price quoted by “Class-I Local Supplier” may be above the evaluated L1 (non-negotiated price) for the purpose of considering them for purchase preference. The margin of purchase preference for the present tender is 20%.