Browse Definitions :
Definition

DGS&D (DGS&D rate contracts)

DGS&D is the central purchase organization of the Indian government, functioning under the Ministry of Commerce & Industry. Its role is to finalize the rate contracts to be used by Government departments to procure  items of general use.

DGS&D contract rates allow the state, central and government-owned entities to buy required goods at the DGS&D specified prices. The contract rates for such purchases by government departments and public sector undertakings (PSUs) are fixed once every year.

The DGS&D’s Rate Contracts provide government buyers with bulk rate pricing, saving them the hassle of frequent re-tendering and allowing them to buy at the same rate throughout the year. This, in turn, allows government agencies to manage their budgets and inventory more efficiently. For suppliers, rate contracts provide access to an assured customer and large volume of purchases for a specific time period without having to respond to tenders frequently.

This was last updated in July 2012

Continue Reading About DGS&D (DGS&D rate contracts)

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

Dateiendungen und Dateiformate

Gesponsert von:

SearchCompliance

SearchSecurity

SearchHealthIT

SearchDisasterRecovery

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

SearchStorage

  • RAID 6 (redundant array of independent disks)

    RAID 6, also known as double-parity RAID, uses two parity stripes on each disk. It allows for two disk failures within the RAID ...

  • hard disk drive (HDD)

    A computer hard disk drive (HDD) is a non-volatile memory hardware device that controls the positioning, reading and writing of ...

  • byte

    In most computer systems, a byte is a unit of data that is eight binary digits long. Bytes are often used to represent a ...

Close