Railway Accounts Department Examinations

Showing posts with label Repeat orders. Show all posts
Showing posts with label Repeat orders. Show all posts

Sunday, April 29, 2018

Repeat Orders


Repeat Orders

·         When materials are required during a contract period in excess of the quantities contracted for,

·         And such excess is not sufficiently large to justify the invitation of fresh tenders,

·         Then, increasing the quantities suitably under the existing contract is called Repeat Order.

·         However, before placing repeat order, negotiations should be conducted with the supplier for securing the favourable terms.

·         No such Repeat orders to be placed on previously accepted rates obtained on limited or single tenders.  That means, Repeat orders to be placed only in case of open tenders.
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