BID DOCUMENTS - IDCO

A G R E E M E N T
The Agreement is made this ------------------------------ day of ---------------2010 between ORISSA
INDUSTRIAL INFRASTRUCTURE DEVELOPMENT CORPORATION, (IDCO), a statutory Corporation,
established under Orissa Industrial Infrastructure Development Corporation Act. 1980 (Orissa Act. 1 of
1981), having its Head Office at IDCO Towers, Janapath, Bhubaneswar, represented by ------------------------
------------- Engineer-in-charge, -----------------here in after referred to as “Corporation” which expression shall
where the context so requires or admits, also includes its successors or assignees of the one part.
AND
--------------------------------------- represented by ---------------------------- hereinafter called the
“Contractor” which expression shall where the context so requires also includes its successors or
assignees of the one part.
Whereas IDCO invited tenders from intending contractors for execution of ----------------------------------
-------------------------- at ----------------------------------------------- and whereas the Contractor offered his tender
to construct, execute & complete such work in all respect in conformity with provision of Agreement and
whereas IDCO has accepted his tender & issued work order in his letter No.-------------dt.-------------- for
execution & completion of the work with the following condition. Now this Agreement witnesses as follows :
1. In this Agreement, words, expression shall have the same meaning as are respectively assigned to
them to the conditions of contract hereinafter referred to.
2. The following documents shall be deemed to form and to be read and construed as part of this
Agreement as follows :
i) Terms and conditions : Annexure - ‘A’
ii) Bill of quantities : Annexure - ‘B’
3. That in consideration of the payment of Rs. --------- by the Corporation to the contractor as
hereinafter mentioned, the contractor hereby covenants with the Corporation to construct &
complete the work ----------------- in all respects in conformity with the provisions of the contract.
4. The corporation hereby covenants to pay the contractor the contract price in consideration of the
construction & completion at the time and in the manner prescribed in the contract.
5. The Contractor will not vary of deviate from the said plans and specification without obtaining
permission in writing of the Corporation.
6. The Contractor shall make good any defects, shrinkage or other faults that may appear in the works
within twelve months after their completion.
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