Probable Amount of Contract definition

Probable Amount of Contract means the estimated/tendered amount of the work
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Probable Amount of Contract. (PAC) means the estimated cost of work at the Schedule of Rates on which tenders invited.
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Examples of Probable Amount of Contract in a sentence

  • The total value of the work to be executed by such experienced contractor(s) shall not exceed 25 percent of the Probable Amount of Contract (PAC).

  • Price adjustment shall only be applicable on Probable Amount of Contract (PAC) of NIT.

  • The payment will be release to the consultant as per the Running Bill amount paid to the Contractor i.e. if contractor submitted Running bill of 4.00 Crores and consultant has quoted 1% of Probable Amount of Contract (PAC) then amount payable to the consultant will be 4.00 Lakhs.

  • NAME OF WORK :Probable Amount of Contract: (Rs. In Word s) Rs. SECTION 4BILL OF QUANTITIES (BOQ)REGISTAR JIWAJI UNIVERSITY,GWALIORS.

  • The Probable Amount of Contract (PAC) of tender has been worked out on the basis of ISSR Volume 1 to 4 published by Urban Administrative and Development Department, Govt.

  • The EPAC of the work, ‘Side Protection and Beautification of Veli—Akkulam Lake’ was C 7.35 crore and was awarded to KSINC at an Agreed Probable Amount of Contract (APAC) of C 13 crore with a tender premium of 76.87 per cent.

  • Bidders who will be found Eligible in Mandatory & Technical Proposals, only those Bidder’s financial proposals will be opened.2. The tender will be awarded to the Bidder with the lowest quoted rate (L1) against the Probable Amount of Contract (PAC).3.

  • Bidders who will be found Eligible in Mandatory & Technical Proposals, only those Bidder‟s financial proposals will be opened.2. The tender will be awarded to the Bidder with the lowest quoted rate (L1) against the Probable Amount of Contract (PAC).3.

  • Dhar Probable Amount of Contract: Rs. 7.56 lacs(Rs. Seven Lacs Fifty Six Thousand Only).

  • Probable Amount of Contract : Rs. 441.24 lacs(Rs. In Words) – Rs. Four hundred fourty one point twenty four only.

Related to Probable Amount of Contract

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Outstanding Amount means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

  • Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.