Hiring of VPN Services for GAIL Agartala
Hiring of VPN Services for GAIL Agartala
Hiring of VPN Services for GAIL Agartala
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easonable diligence remove from the SITE all the<br />
CONTRACTOR's equipment and shall give similar<br />
facilities to his SUB-CONTRACTORS to do so.<br />
27 Price reduction schedule: 27.1 Time is the essence <strong>of</strong> the CONTRACT. In case the<br />
CONTRACTOR fails to complete the WORK within the<br />
stipulated period, then, unless such failure is due to Force<br />
Majeure as defined in Clause 26 here above or due to<br />
EMPLOYER's defaults, the Total Contract price shall be<br />
reduced by ½ % <strong>of</strong> the total Contract Price per complete<br />
week <strong>of</strong> delay or part there<strong>of</strong> subject to a maximum <strong>of</strong> 5 %<br />
<strong>of</strong> the Total Contract Price, by way <strong>of</strong> reduction in price <strong>for</strong><br />
delay and not as penalty. The said amount will be recovered<br />
from amount due to the Contractor/ Contractor’s Contract<br />
Per<strong>for</strong>mance Security payable on demand.<br />
28. Rights <strong>of</strong> the employer to<br />
<strong>for</strong>feit contract<br />
per<strong>for</strong>mance security:<br />
29 Failure by the contractor<br />
to comply with the<br />
provisions <strong>of</strong> the contract:<br />
The decision <strong>of</strong> the ENGINEER-IN-CHARGE in regard to<br />
applicability <strong>of</strong> Price Reduction Schedule shall be final and<br />
binding on the CONTRACTOR.<br />
27.2 All sums payable under this clause is the reduction in price<br />
due to delay in completion period at the above agreed rate.<br />
27.3 BONUS FOR EARLY COMPLETION (*)<br />
If the Contractor achieves completion <strong>of</strong> Works or in all<br />
respect prior to the time schedule stipulated in the SCC, the<br />
Employer shall pay to the Contractor the relevant sum, if<br />
mentioned specifically in SCC, as bonus <strong>for</strong> early<br />
completion. The bonus <strong>for</strong> early completion, if provided<br />
specifically in SCC, shall be payable to the maximum<br />
ceiling <strong>of</strong> 2 ½ % <strong>of</strong> the total contract price.<br />
28.1 Whenever any claim against the CONTRACTOR <strong>for</strong> the<br />
payment <strong>of</strong> a sum <strong>of</strong> money arises out or under the<br />
CONTRACT, the EMPLOYER shall be entitled to recover<br />
such sum by appropriating in part or whole the Contract<br />
Per<strong>for</strong>mance Security <strong>of</strong> the CONTRACTOR. In the event<br />
<strong>of</strong> the security being insufficient or if no security has been<br />
taken from the CONTRACTOR, then the balance or the<br />
total sum recoverable, as the case may be shall be deducted<br />
from any sum then due or which at any time thereafter may<br />
become due to the CONTRACTOR. The CONTRACTOR<br />
shall pay to the EMPLOYER on demand any balance<br />
remaining due.<br />
29.1 If the CONTRACTOR refuses or fails to execute the<br />
WORK or any separate part there<strong>of</strong> with such diligence as<br />
will ensure its completion within the time specified in the<br />
CONTRACT or extension there<strong>of</strong> or fails to per<strong>for</strong>m any<br />
<strong>of</strong> his obligation under the CONTRACT or in any manner<br />
commits a breach <strong>of</strong> any <strong>of</strong> the provisions <strong>of</strong> the<br />
CONTRACT it shall be open to the EMPLOYER at its<br />
option by written notice to the CONTRACTOR:<br />
64