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Payment Term: For all AMC, payment will be made on quarterly basis (25 of order value of AMC) after completion of the said quarter subject to their satisfactory performance to be certified by customer / user.. Period Penalty Response Time Above 24 Hours below 48 hours Warning but no penalty Above 48 Hours below 96 hours A penalty of 1 of the contract amount per system Above 96 hours A penalty of 2 of the contract amount per system 11..
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