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TERMS AND CONDITIONS QUOTATION FOR LOCAL PURCHASE OF STORES 1. Please quote your rates and delivery terms for supply of the following stores/equipment/execute the Job. 2. The rates quoted by you should be inclusive of delivery charges at site but exclusive of Central/State taxes as applicable, which will be indicated separately for delivery in GE (U) Chandimandir at Panchkula Stores Yard (MES). 3. In case of acceptance of rates and placement of Supply Order to you the supply of stores/job will be required to be executed within 30 days from the date of placing of Supply Order. 4. Quotation received after due date and time will not be accepted. 5. Final acceptance of material supplied will be subject to the approval of stores by Board of Officers and decision of GE (Utility) Chandimandir will be final and binding. 6. If the stores are not supplied according to specifications given in the supply order and rejected by the consignee, you will have to make your own arrangements to replace the stores. 7. Payment of bill for stores supplied will be made by GE (Utility) Chandimandir against the allotment after the pre-audit of bill by SAO GE (Utility) Chandimandir. 8. The quotation will be valid for a period of 90 days after the date of opening of quotations (including the date of opening of quotation). 9. This quotation is being issued with no financial commitment and the GE reserves the right to change or vary and part thereof at any state. GE also reserves the right to withdraw the quotation, should it become necessary at any stage. 10. Accepting authority reserves the right to increase / decrease the quantity of any item without assigning and reasons. 11. No advance payment will be made. 12. Items described as ‘as per sample’, the sample may please be obtained / verified in office at working hrs.

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