Indian Railways revises contract circumstances: Introduces localisation, price variation clauses; compliance with GST norms in focus
Indian Railways has revised its normal circumstances of contract for tenders, introducing localisation and price variation clauses whereas emphasizing upkeep throughout contract execution, officers mentioned. The adjustments purpose to make procurement extra versatile and cut back litigation.“Contractors can replace faulty or rejected goods within 60 days of being informed of defects. They had just 21 […]
