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

Draft or Bank Guarantee or Letter of Credit and shall be in the currency of the
Contract.
The contract performance security shall be for an amount equal to 10% of the value of the
contract towards faithful performance of the contractual obligations and performance of
equipment. This Bank Guarantee/DD/Letter of Credit shall be 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, in case of bank guarantees from banks
other than the Nationalized Indian banks, the bank must be a commercial bank 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 its letterhead. This
bank guarantee shall be valid for a period as stated in Article-24 of General Conditions
of The Contract.
Failure of the successful bidder to comply with the requirements of this article shall constitute
sufficient grounds for the annulment of the award and forfeiture of the bid security, in which
event GAIL may award the order to the next lowest evaluated bidder or call for new bids.
37. Corrupt or Fraudulent Practices
37.1 GAIL requires that bidders/contractors observe the highest standard of ethics during the
execution of contracts. In pursuance of this policy, the Employer :
a) defines, for the purposes of this provision, the terms set forth below as follows :
“corrupt practice” means the offering, giving or soliciting of anything of value to influence the
action of a public official in the procurement process or in contract execution; and
“fraudulent practice” means a misrepresentation of facts in order to influence a procurement
process or the execution of a contract to the detriment of the Employer, and includes
collusive practice among bidders (prior to or after bid submission) designed to
establish bid prices at artificial non-competitive levels and to deprive the Employer of the
benefits of free and open competition;
b) will reject a proposal for award if it determines that the bidder recommended for
award has engaged in corrupt or fraudulent practices in competing for the contract in
question;
c) will declare a firm ineligible and put on holiday, either indefinitely or a for a stated
period of time if it at any time determines that the firm has engaged in corrupt or
fraudulent practices in competing for, or in executing a contract.
Tender/Bid Document No: GAIL/NCR/C&P/6114
ARC for O&M Services
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