Property_Manu - Final - The New India Assurance Co. Ltd.

The New India Assurance Co.Ltd.Estate & Establishment DepartmentDEFINITIONSFor facilitating better understanding while implementing the purchase procedure, the followingterms are broadly clarified so as to make the intention of the procedure clear lest there be anydifficulty in implementing the same.(i)(ii)(iii)(iv)(v)(vi)(vii)Civil Contract means a work order where the estimated value of the civil job ismore than 50% of the total estimated contract value.Electro Mechanical Contract means a work order where the estimated value of theelectrical/ mechanical installation job is more than 50% of the total estimatedcontract value.General Contract means a work order which can neither be grouped under civilnor electrical/ mechanical job nor purchase order.Vendor means an individual, firm, body corporate or institution who is an authorizedsupplier of office equipment/ a Licensed Contractor experienced in supplying ofoffice equipments/ installation / repairing/ construction of Building maintenancework.Manufacturer means a manufacturer of office equipment and goods to be purchasedincluding a manufacturer who may or may not have manufacturing facilities withinthe country.Channel Partner means an authorized business associate of the manufacturer ordistributor who is duly authorized by the manufacturer or distributor to bid for thegoods/ services on his behalf.Competent Authority means the authority which as per the Financial Standing orderin force is vested with the powers to sanction the job work/ purchase, proposed tobe made.MANUAL ON ESTATE & ESTABLISHMENT99