NATIONAL ALUMINIUM COMPANY LIMITED - Rites

Tender Notice No. - ……………..............
1.0 SCOPE
ADDENDUM TO TENDER DOCUMENT (COMMERCIAL)
Page 1 of 11
ANNEXURE - IV
1.1 The subject enquiry is being issued on turnkey basis with entire responsibility of design,
engineering up to Commissioning and handing over of plant / equipment / system to the Owner.
Owner intends to enter into two separate contracts (if placed) as follows to rationalize tax liability as
per legal provision of country and also for operational convenience.
(a) Basic design, engineering, supply of equipments and materials including all necessary
accessories, Spares at Site
(b) Unloading, storage, handling of equipments at site, complete Construction, Erection, Testing and
Commissioning services, Supervision and Training Services
1.2 The Contract-cum-Performance Bank Guarantee for 10% of Total Order Value for both the
contracts shall be furnished by the vendor to the Owner.
2.0 PAYMENT TERMS
2.1 Following Payment Terms will be applicable:
(i) For Supply (including Design & Engineering):
(i) 80% payment on prorate basis against presentation of dispatch documents.
(ii) 10% payment shall be made after completion of erection.
(iii) Balance 10% payment shall be made after final handing over of equipments to the Owner
at site.
(ii) Inland Transportation
Charges for inland transportation shall be paid after the equipment is received at Site against
invoices.
(iii) Site Work
(i) 90% against monthly progressive billing duly certified by Site In- charge.
(ii) 10% within 30 days of final handing over of the equipment to Owner at site.
2.2 Invoices should be submitted along with certificate stating “It is certified that Cenvatable/ VAT
Invoices have been issued in the name of consignee, for full amount of Excise Duty/ Sales Tax/
Service Tax charged in the Invoice, as per rules in force. Vendor agrees to reimburse Excise Duty/