Term Sheet For Rice Paddy Procurement
Contract Code: 234-001-002-21-260B
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Attribute |
Value |
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Product |
Rice Paddy |
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Quantity |
30 (Ten) Metric Tons (or as modified by mutual agreement) |
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Purpose |
For production of whole grain rice. Varieties must be suitable for parboiling and automated milling and processing into shelf-stable whole-grain rice. |
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Variety |
Mid to long grain varieties, Jamila, Faro44 and similar cultivars that are NOT adulterated. 80% of the whole rice kennels should nominally be 6.7mm or longer. |
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Delivery Type/Form |
Clean (unparboiled) rice paddy in clean sacks suitable for long distance transportation and extended storage. |
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Freshness |
Rice paddy MUST be well dried and mature, with moisture content between 10%-13%. The bulk should be free of chaff, grass, stalks, and other agricultural waste and residues. Post-harvest storage duration should be no more than 3 months at the time of delivery. The produce must be free of chaff, pests, weevils, clay, stones, straw and other extraneous material. |
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Grains Quality |
The rice must be of consistent quality and must not be damaged or discolored. |
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Delivery Frequency |
Weekly (in clean woven sacks suitable for long distance transportation and extended storage) |
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Delivery Start |
Within 4 Weeks of Contract Agreement |
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Contract Duration |
12 Months |
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Delivery Day |
Saturdays (or other days by mutual agreement) |
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Delivery Location |
Umuahia, Abia State
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Pricing Terms |
Pricing from vendor shall be all-inclusive to cover ALL charges including transportation, the type/form in which the produce is to be supplied & delivery to specified location. However, buyer shall be responsible for off-loading of produce from delivery vehicle at the delivery location. |
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In-Transit Handling |
Vendor shall ensure that the bulk paddy is protected from rain, direct sun, pests, rodents, vermin or other environmental factors that would degrade the quality or complicate the quantity (weight) confirmation of rice paddy delivered. A strong, wind-resistant covering IS HIGHLY recommended to protect the produce while in transit. |
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Acceptance Terms |
Any adulterated, broken, crumbled, moldy, degraded, rodent-infested or otherwise degraded paddy showing undue appearance will not be accepted and will be excluded from the final tally of delivered produce due for payment. |
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Credit Terms |
Vendor shall not extend credit to buyer for items ordered. Conversely, buyer shall not prepay for produce prior to inspection and verification at the delivery location. |
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Inspection & Visitation Terms |
Vendor may elect to visit (or assign a designee to visit) buyer’s facilities to ensure that the operation utilizing rice paddy is indeed in existence. Similarly, buyer may request to visit vendor’s farms to ascertain the availability and viability of the produce supply. |
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Payment Terms |
Vendor is to be paid immediately upon offloading & weighing at the delivery point. The amount due shall be determined by the product of the verified amount delivered (using a suitable scale on the premises) and the price per kilogram pre-specified and agreed to, as part of this agreement.
Payment may be by cash or bank transfer to vendor’s account while vendor (or representative) is present at the point and time of delivery.
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Delays, Contingencies |
In the event that vendor is unable to supply produce at a pre-agreed time, buyer may, at his absolute discretion, cancel that particular delivery to ensure stability and continuity in buyer’s manufacturing operation. In that event, vendor will be able to resume delivery at the next agreed delivery period. |
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Suspension Or Termination |
In the event that any circumstances, business considerations, or external factors force, require, or advice the reduction, suspension, or termination of buyer’s manufacturing operations, buyer reserves the right to suspend or terminate the supply agreement with 15 days’ notice. |
How To Submit A Bid:
Interested and qualified candidates should submit their bid and cover letter to: