Annual Rate Contract for O&M Services for NCR GAS O&M ... - GAIL

31. Purchase Preference
31.1 Purchase Preference to Central Government Public Sector Undertakings shall be allowed as
per government guidelines in vogue.
F. Award of Contract
32. Award
32.1 Subject to Clause 25, GAIL will award the contract to the successful bidder whose bid has
been determined to be substantially responsive and has been determined as the lowest, is
determined to be qualified to satisfactorily perform the contract.
33. Employer’s Right to Accept Any Bid and to reject any or All Bids
33.1 GAIL reserves the right to accept or reject any bid, and to annul the bidding process and
reject all bids, at any time prior to award of contract, without thereby incurring any liability to
the affected bidder or bidders or any obligations to inform the affected bidder or bidders
of the ground for GAIL’S ACTION.
34. Notification of Award
Prior to the expiration of period of bid validity GAIL will notify the successful bidder in writing
by fax, cable or telex to be confirmed in writing, that his bid has been accepted. The
notification of award / Fax of Intent will constitute the formation of the Contract.
Delivery shall be counted from the date of notification of award / Fax of Intent.
The notification of award will constitute the formation of a Contract, until the Contract has
been affected pursuant to signing of Contract as per Clause 35 of ITB. Upon the successful
bidder’s furnishing of contract performance security, pursuant to Clause 36 of ITB,
GAIL will promptly notify each unsuccessful bidder and will discharge his bid security,
pursuant to Clause 14 of ITB.
35. Signing of Agreement
GAIL will award the Contract to the successful bidder, who, within 15 days of receipt of the
same, shall sign and return the acceptance copy to GAIL.
The successful bidder shall be required to execute an AGREEMENT in the proforma given in
of this standard bidding document on non-judicial paper of appropriate value (the cost
of stamp paper shall be borne by the Contractor), within 15 days of the receipt by him
of the Notification of Acceptance of Tender. In the event of failure on the part of the
successful bidder to sign the AGREEMENT within the above stipulated period, the Bid
Security shall be forfeited and the acceptance of the tender shall be considered as
cancelled.
36. Contract Performance Security
Within 15 days of the receipt of the notification of award / Fax of Intent from GAIL, the
successful bidder shall furnish the contract performance security in accordance with Article 24
of General Conditions of The Contract in the form provided in the bidding documents. The
Contract Performance Security shall be in the form of either Banker’s Cheque or Demand
Tender/Bid Document No: GAIL/NCR/C&P/6114
ARC for O&M Services
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