Examples of Order Value in a sentence
Contractor shall have to take comprehensive insurance policy equivalent to the Order Value against any loss, damage, theft, pilferage, fire etc.
The Security Deposit together with EMD / Initial Security Deposit (ISD) shall be 10% of the contract / Works order value.In case of AMC / ARC, ISD shall be 2.5% of the Contract Work Order Value which is required to be deposited within 10 days of the issue of the Work Order or LOI whichever is earlier, by the successful tenderer.
In case party does not deposit ISD within 10 days, the same shall be recovered from party‟s 1st month‟s bill alongwith an interest equivalent to SBI – PLR plus 2% for the complete month.The balance amount shall be recovered @ 7.5% from each running bill and the final bill so as to make the total security deposit at 10% of the Contract / Work Order Value.
The balance security deposit amount shall be recovered @ 7.5% from each running bill and the final bill so as to make the total security deposit at 10% of the Contract / Work Order Value.
Accordingly, order shall be issued on the above guidelines.2.8. The 50% payment towards materials / products shall be released after successful performance of the materials / products for a period of Six Months against the Bank Guarantee of 100% of Order Value and the balance 50% payment shall be released after one year of satisfactory performance of the first batch of materials / products supplied.