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list of drawings - Hindustan Petroleum Corporation Limited

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20<br />

period plus 3 months claim period there after. This advance shall be recovered from<br />

the running bills on prorate basis. Interest shall be charged at SBI’s PLR rate<br />

+0.5%<br />

- 25% against mechanical completion <strong>of</strong> dismantling and erection activities <strong>of</strong> stack<br />

and convections sections including insitu joints cross over pipes welding and<br />

completion in all respects and on certification by HPCL/ consultant nominated by<br />

HPCL.<br />

- 10% against completion <strong>of</strong> balance works including complete documentation and<br />

on issue <strong>of</strong> completion certificate by HPCL/ consultant nominated by HPCL.<br />

- Transportation charges shall be paid after completion <strong>of</strong> all the transportation<br />

activities including dismantled items as specified in the tender documents.<br />

- Public sector enterprises and Central / State Govt. departments are exempted from<br />

furnishing B.G against advance payment.<br />

Payments shall be released with in 7 days from the date <strong>of</strong> invoice and certification<br />

<strong>of</strong> invoice by HPCL/ consultant nominated by HPCL.<br />

All payments will be made in "e-payment", Vendor to submit necessary e-payment<br />

mandate.<br />

7.0 SCHEDULE OF LUMPSUM PRICE.<br />

7.1 All prices shall be quoted in Indian Rupees only.<br />

7.2 The lump sum price quoted shall be for the complete scope <strong>of</strong> work.<br />

7.3 Prices shall be quoted strictly in accordance with the price schedule<br />

Pr<strong>of</strong>orma - V and VI<br />

7.4 Price break up quoted as per Pr<strong>of</strong>orma – VI.<br />

7.5 Prices shall be firm and fixed for the completion <strong>of</strong> the total scope <strong>of</strong> work<br />

as per the contract. No escalation is permitted on the quoted rates through<br />

out the completion period on account <strong>of</strong> any variation in the price <strong>of</strong> material,<br />

cost <strong>of</strong> labour or any other reason.<br />

7.6 Tenderer shall consider all the terms and conditions, technical commercial,<br />

scope <strong>of</strong> work, site conditions, time schedule for the entire scope <strong>of</strong> work<br />

and quote accordingly.<br />

7.7 The lump sum price quoted by the tenderer shall include any other item and<br />

any other work not specifically mentioned in the tender document but<br />

necessary for completion <strong>of</strong> the job No extra claims what so ever will be<br />

entertained.<br />

7.8 Prices shall be quoted both in figures and words.

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