RE: Smart metering in India ...........12 May 2022 09:57
Morning LTI.
You are absolutely correct. This gives the advantage to the customer and is quite a smart move ( no pun intended.)
What it means in reality is that the customer can drop any supplier,subject to the individual contractural structure in place if a cheaper / better/preferred solution comes along for future projects /tenders. Covering all bases you might say.
The downside for the suppliers of course is they are only guaranteed the income from each individual tender they win,again subject to contractural detail. Unless of course the specific company can provide a compliant solution and obtain acceptance sign off.
As you say it ensures it keeps everyone on their toes. Of course one of the the downsides is a continual and ongoing sum of money for R and D ,hopefully coming from the profits the companies win from any orders.
Off for a walk on the beach while the sun is out. Have a good day all.