Purchase Preference definition

Purchase Preference means preference in purchase, for the local enterprises included in the category under clause 1(a) in response to a bid called by any procuring entity, with all other parameters of the bid being the same; and
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Examples of Purchase Preference in a sentence

  • In case of non- receipt of the same, he would not be given Purchase Preference.

  • 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-PP (BE-II) dated 16-Sep-2020 (as amended from time to time), shall submit an undertaking within 7 days of opening of Financial Bid, that he would be ready to supply the product at L1 price.

  • The enterprise is eligible for Purchase Preference under this notification.

  • The Local supplier who’s quoted price falls in the Margin of Purchase Preference desirous of claiming benefit of the Order No. P- 45021/2/2017-PP (BE-II) dated 16-Sep-2020 (as amended from time to time), shall submit an undertaking within 7 days of opening of Financial Bid, that he would be ready to supply the product at L1 price.

  • At present DVC, an autonomous body under Ministry of Power, GOI is granted exemption from Purchase Preference Policy vide GOI OM dated 18-07-2005.

  • Purchase Preference to Micro and Small Enterprises registered with District Industry Centres or Khadi and Village Industries Commission or Khadi and Village Industries Board or Coir Board or National Small Industries Corporation or Directorate of Handicrafts and Handloom or any other body specified by Ministry of MSME.

  • Bidder shall declare the class of local supplier as below: Class I local supplier: Local content equal to or more than 50% Class II local supplier: Local content more than 20% but less than 50% Non local supplier: Local content less than or equal to 20% Margin of Purchase Preference: The margin of purchase preference will be 20%.

  • Annexure - XVI Form A & B (Format of Application by MSME for Purchase Preference in Procurement of Goods) Annexure- XVII Rate Schedule (Price Bid) Annexure- XVIII Drawing the shaft of double roll crusher rotor.

  • In case such MSE bidder fails to match the L1 rate, the MSE bidder with next higher bid within the margin of Purchase Preference shall be invited to match L1 Price and so on and contract shall be awarded accordingly.

  • After the due date of bid submission, suo-motto submission of Start-up certificate (DPIIT) for EMD exemption / MSE certificate (Udyam) for EMD exemption as well as Purchase Preference will not be considered for any evaluation.

Related to Purchase Preference

  • 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.

  • first preference means the figure “1” or any mark or word which clearly indicates a first (or only) preference,

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Safe Preferred Stock means the shares of the series of Preferred Stock issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences and restrictions as the shares of Standard Preferred Stock, other than with respect to: (i) the per share liquidation preference and the initial conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any dividend rights, which will be based on the Conversion Price.

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).