Hindustan Petroleum Corporation Limited

HINDUSTAN PETROLEUM CORPORATION LIMITED
LPG PROJECTS, HINDUSTAN BHAVAN-3, 8 S.V. MARG, BALLARD ESTATE,
MUMBAI-400001
1.PAYMENT TERMS
SPECIAL TERMS & CONDITIONS
90% of the bill amount for Supply will be paid within 15 days after acceptance of material at
site & receipt of Commercial Invoice, Excise Invoice with all test certificates/ Inspection
release note. Original MTC, Testing & Inspections reports needs to be submitted along with
supply, these documents are mandatory to accept the material at site.
Balance 10% of the bill amount for supplywill be paid after submission of Performance Bank
Guaranteeas per format attached in Agreed Terms & Conditions and as per clause of GTC for
10% of order value.
100% of the charges for Installation & commissioning will be paid within 15 days after
successful commissioning and performance tests.
Bidder shall quote separately for installation and commissioning at site inclusive of the
Lodging, boarding, transport, food etc. required for the representative of the bidder during
site visit. Separate visits shall be carried out for installation and commissioining, each with a
minimum duration of 2 days.
Quoted Prices shall be firm & fixed over the entire period of the execution of this order.All
taxes, duties, Central sales tax, Octroi, Packing & Forwarding Charges, Freight and insurance
including Transit-cum-storage -cum-erection/Third party insurance and all other taxes and
duties shall be quoted separately.
Necessary Service tax shall be paid extra, as applicable.
2. OTHER SPECIAL CONDITIONS OF CONTRACT
2.1 Bidders shall give the Undertaking that they are not on the Holiday list of HPCL. Any
bidder found on Holiday list of HPCL will be rejected.
3. COMPENSATION FOR DELAY (LIQUIDATED DAMAGE CLAUSE-LD)
LD @ 0.5% per week subject to 5% of the value of the undelivered goods shall be levied for
the period beyond the scheduled delivery period. LD will be separately applicable for both
supply part and installation / commissioning part.
4. OTHER GENERAL REQUIREMENTS
4.1 Manufacturing & Supply of Remote operated valves:
a) The Vendor shall manufacture& supply the machine / equipment strictly in accordance
with technical specificationsmentioned in thetender documents and as per directions in
the Purchase Order. Vendor shall submit the detailed GA Drawings, QA Plan to HPCL
for approval. The Vendor shall not undertake on their own any changes in the
Specifications mentioned in the Tender documents and Purchase Order.