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Limit on commissions-I: ONGC says "no" to high commissions to Indian agents
Nov 17: How much discount can an Indian agent of a multinational elicit on a contract with ONGC?
8Ideally, the discount is an internal matter between the agent and the hiring company.
8When a bidder quotes for an equipment or service, the price comes bundled with the commission to be paid to the agent.
8So in effect, when a tender is finalized at a negotiated price, it is up to the winning bidder to fix the commission, as the amount to be paid is on the bidder's account not on ONGC.
8But is that really always the case? No so at all
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