FMS - GAIL

Contract Performance Security being reduced by reasons of any such
deductions or sale of aforesaid, the CONTRACTOR shall within ten
days thereafter make good in cash, bank drafts as aforesaid any sum
or sums which may have been deducted from or realised by sale of
his Contract Performance Security, or any part thereof. No interest
shall be payable by the EMPLOYER for sum deposited as Contract
Performance Security.
24.5 Failure of the successful bidder to comply with the requirements of
this Clause shall constitute sufficient grounds for the annulment of the
award and the forfeiture of bid security.
25 Time of Performance: 25.1 Time for Mobilisation
The work covered by this CONTRACT shall be commenced within
fifteen (15) days, the date of letter/Fax of Intent and be completed in
stages on or before the dates as mentioned in the TIME SCHEDULE
OF COMPLETION OF WORK. The CONTRACTOR should bear in
mind that time is the essence of this agreement. Request for revision
of construction time after tenders are opened will not receive
consideration. The above period of fifteen (15) days is included within
the overall COMPLETION SCHEDULE, not over and above the
completion time to any additional work or any other reasons.
26 Force Majeure:
25.2 Time Schedule of Construction:
25.2.1 The general Time Schedule of construction is given in the TENDER
DOCUMENT. CONTRACTOR should prepare a detailed monthly or
weekly construction program jointly with the
ENGINEER-IN-CHARGE within 15 days of receipt of LETTER/FAX
OF INTENT or ACCEPTANCE OF TENDER. The WORK shall be
executed strictly as per the Time Schedule given in the CONTRACT
DOCUMENT. The period of construction given includes the time
required for mobilisation testing, rectifications, if any, retesting and
completion in all respects in accordance with CONTRACT
DOCUMENT to the entire satisfaction of the
ENGINEER-IN-CHARGE.
25.2.2 The CONTRACTOR shall submit a detailed PERT network within the
time frame agreed above consisting of adequate number of activities
covering various key phases of the WORK such as design,
procurement, manufacturing, shipment and field erection activities
within fifteen (15) days from the date of LETTER/FAX OF INTENT.
This network shall also indicate the interface facilities to be provided
by the EMPLOYER and the dates by which such facilities are
needed.
25.2.3 CONTRACTOR shall discuss the network so submitted with the
EMPLOYER and the agreed network which may be in the form as
submitted with the EMPLOYER or in revised form in line with the
outcome of discussions shall form part of the CONTRACT, to be
signed within fifteen (15) days from the date of LETTER OF
ACCEPTANCE OF TENDER. During the performance of the
CONTRACT, if in the opinion of the EMPLOYER proper progress is
not maintained suitable changes shall be made in the
CONTRACTOR's operation to ensure proper progress.
The above PERT network shall be reviewed periodically and reports
shall be submitted by the CONTRACTOR as directed by
EMPLOYER.
26.1 CONDITIONS FOR FORCE MAJEURES
In the event of either party being rendered unable by Force Majeure
to perform any obligations required to be performed by them under
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