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ESTIMATED COST RS.31.50 LAKH (RUPEES THIRTY-ONE ... - IDCO

ESTIMATED COST RS.31.50 LAKH (RUPEES THIRTY-ONE ... - IDCO

ESTIMATED COST RS.31.50 LAKH (RUPEES THIRTY-ONE ... - IDCO

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20<br />

6. The Contractor shall make good any defects, shrinkage or other faults that may<br />

appear in the works within six months after their completion.<br />

7. In-case the Contractor shall commit the break of any covenants herein contained the<br />

Corporation shall be at liberty to terminate this Agreement giving 15 days notice.<br />

8. The Contractor shall indemnify to the Corporation from all claims for injury, death,<br />

caused to any person under workmen Compensation Act. 1938.<br />

Besides the<br />

contractor shall comply all the provisions of prevailing Labour laws during execution<br />

of work.<br />

9. Both the parties agree by mutual consent that any dispute relating to this Agreement<br />

is barred from Arbitration. All problems shall be mutually settled and the decision of<br />

<strong>IDCO</strong> shall be final and binding on the contractor.<br />

10. In the event of any dispute that may arise out of this assessment the competent<br />

Courts situated at Bhubaneswar shall have the jurisdiction to decide such disputes /<br />

litigations between parties hereto.<br />

IN WITNESS WHERE OF the parties have caused their respective common seals to<br />

be herein to affixed (or have here into set their respective hands & seals) the day and year<br />

first written above.<br />

Witness :<br />

1. Signature of the Party of the one part<br />

2.<br />

Witness :<br />

1. Signature of the Party of the other part<br />

2.

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