Request for Proposal for e Ticketing Project - Archaeological Survey ...

RFP for e-ASI Solution Volume-II
ii. Upon the successful Bidder's furnishing of performance security pursuant to
Section 6, ASI may notify each unsuccessful Bidder and will discharge their
EMD, pursuant to Section 6
e. Negotiations with the successful Bidder
i. If required, negotiations will be held at the date, time and address intimated
to the qualified and selected Bidder. Representatives conducting
negotiations on behalf of the Bidder must have written authority to
negotiate and conclude a Contract.
f. Signing of Contract
i. After completing negotiations ASI shall issue a Letter of Intent to the
selected Bidder and promptly notify all other Bidders who have submitted
proposals about the decision taken.
ii. The Bidder will sign the contract within 15 working days of submission of
Performance Bank Guarantee.
g. Performance Security
i. Within 15 working days of the receipt of notification of award from ASI, the
successful Bidder shall furnish the performance security of 10% of total
contract value in accordance with the Contractual & Legal Specification in
the form of a Bank Guarantee.
ii. Failure of the successful Bidder to comply with the requirement of Section 6
shall constitute sufficient grounds for the annulment of the award and
forfeiture of the bid security, in which event ASI may award the Contract to
the next best evaluated bidder or call for new bids.
iii. The Bank Guarantee shall be valid for 180 days more than the period of the
contract.
Archaeological Survey of India, Ministry of Culture Page 40 of 79