Procurement of amc(annual maintenance contract) for hvac ... - GAIL

6. Earnest Money: 6.1 The bidder must pay Earnest Money as given in the letter /notice
inviting tenders and attach the official receipt with the tender failing
which the tender is liable to be rejected and representatives of such
tenderers will not be allowed to attend the tender opening. Earnest
Money can be paid in Demand Drafts or Bank Guarantee or Banker’s
Cheque or Letter of Credit from any Indian scheduled bank or a
branch of an International bank situated in India and registered with
Reserve Bank of India as scheduled foreign bank. However, other
than the Nationalised Indian Banks, the banks whose BGs are
furnished, must be commercial banks having net worth in excess of
Rs. 100 crores and a declaration to this effect should be made by
such commercial bank either in the bank guarantee itself or
separately on a letter head.
The bid guarantee shall be submitted in the prescribed format .
Note: The Bank Guarantee so furnished by the tenderer shall be in the
proforma prescribed by the EMPLOYER. No interest shall be paid by
the EMPLOYER on the Earnest Money deposited by the tenderer.
The Bank Guarantee furnished in lieu of Earnest Money shall be kept
valid for a period of "SIX MONTHS" from the date of opening of
tender.(TWO MONTHS beyond the bid due date).
The Earnest Money deposited by successful tenderer shall be forfeited
if the Contractor fails to furnish the requisite Contract Performance
Security as per clause 24 hereof and /or fails to start work within a
period of 15 days or fails to execute the AGREEMENT within 15 days
of the receipt by him of the Notification of Acceptance of Tender.
Note: The Earnest Money of the unsuccessful bidder will be returned
by EMPLOYER/CONSULTANT, directly to the tenderer (s), within
a reasonable period of time but not later than 30 days after the
expiration of the period of bid validity prescribed by EMPLOYER.
7 Validity: 7.1 Tender submitted by tenderers shall remain valid for acceptance for a
period of "4 MONTHS" from the date of opening of the tender. The
tenderers shall not be entitled during the said period of 4 months,
without the consent in writing of the EMPLOYER, to revoke or cancel
his tender or to vary the tender given or any term thereof. In case of
tender revoking or canceling his tender or varying any term in regard
thereof without the consent of EMPLOYER in writing, the EMPLOYER
shall forfeit Earnest Money paid by him alongwith tender.
8 Addenda/Corrigenda 8.1 Addenda/ Corrigenda to the Tender Documents will be issued in
duplicate prior to the date of opening of the tenders to clarify
documents or to reflect modification in design or CONTRACT terms.
9 Right of Employer to
Accept or Reject Tender:
8.2 Each addenda/ corrigendum issued will be issued in duplicate to each
person or organisation to whom set of Tender Documents has been
issued. Recipient will retain tenderer's copy of each
Addendum/Corrigendum and attach original copy duly signed along
with his offer. All Addenda/Corrigenda issued shall become part of
Tender Documents.
9.1 The right to accept the tender will rest with the EMPLOYER. The
EMPLOYER, however, does not bind himself to accept the lowest
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