NICSI definition
Examples of NICSI in a sentence
For this purpose, a reference will be made to the NICSI price list, so that discounted prices can be worked out.
NICSI shall be entitled to get Operating margin of <3% to 8%> as applicable as per the project cost and Service Tax as applicable for the cost of total hardware, system software and other services arranged to facilitate the IT outsourcing for Software Project implementation and any other Government levies as applicable.
NICSI undertakes to pass on the price difference to SDA or levy additional charges if any in the event of prices undergoing changes between the time of submission of proposal and actual date of order with the vendor.
Rates of all configurations and parts will be arrived at by making reduction from the NICSI price list as per mutually agreed terms.
Prior to the commencement of the work, SDA, ADA and NICSI each shall identify, with notice to each other in writing, their official representative/domain expert through whom all communications regarding the project will be maintained.
NICSI would issue receipt for the funds received by it and maintain separate account for the project.
NICSI will procure required Hardware, software, network equipment, manpower, support services and other IT related works using its empanelled vendors for the project in consultation with NIC and SDA (wherever required).
In case any dispute or difference arising in connection with this Terms of Agreement, the same shall be settled by mutual discussions between ▇▇▇, NICSI and the SDA.
If required, a decision to re-validate the Tripartite Terms of Agreement after the initial period of 4 years would be taken jointly by ▇▇▇, NICSI and SDA as may be considered mutually in the best interest of the project.
All payments would be settled on actuals including e invoices issued by NICSI as per the approved project scope based on the progress of the project, from time to time.