BID DOCUMENTS - IDCO

More documents

Recommendations

Info

CONDITIONS OF CONTRACT 35
CONDITIONS OF CONTRACT CLAUSE - I All compensation/penalty or other sums of money payable by the Contractor to Corporation under the terms of this contract may be deducted from, or paid by, the sale or a sufficient part of his security deposit or from the interest arising there from, or from any sums which may be due or may become due to the Contractor by the Corporation on any account whatsoever and in the event of his security deposit being reduced by reason of any such deduction or sales as aforesaid the Contractor shall within ten days thereafter make good in cash or Bank Draft any sum or sums which may have been deducted from, or raised by, sale of the security deposit or any part thereof. CLAUSE - II PENALTY FOR DELAY : Time is deemed to be essence of the contract on the part of the Contractor. The time allowed for carrying out the wok as entered in the tender shall be strictly observed by the Contractor and shall be reckoned from the date on which the written order to commence the work is given to the Contractor. On receipt of the work order, the Contractor will give a schedule of construction and stick to the time schedule during execution. In case he fails to observe the approved time schedule during the intermediate period of the execution of work, penalty will be levied and will be recovered @ 1 / 2 % on the value of work lagging behind for every week delay in execution of the portion or component of work for which programme is given in the time schedule. The penalty thus recovered at different stages may be waived in full or part if the authorized person of <strong>IDCO</strong> in-charge of the work is satisfied that the Contractor has made up the delay at subsequent stages and the work proceeds as per original time schedule. The decision of the authorised officer in charge of the work is final and binding as regards recovery and waive of penalty at the intermediate stages of the execution of the work. If the work is delayed at the completion stage the penalty levied cannot be considered unless the work is finished in all respect within the time schedule. The work should not be considered as finished until such date as the Corporation shall satisfy as the date on which the work is finished after necessary rectification of defects as pointed out by the Corporation or its authorized officer are fully complied with by the Contractor to the Corporations satisfaction provided all ways that entire amount of penalty to be paid under provision of this Clause shall not exceed 10% of the contract value of the work. Penalty levied for any delay which will occur during the last 3 months of the contract period can not be considered for waiver by any Authority other than the Managing Directors of the Corporation. Subject to the consideration that the application for waiver or penalty to the Managing Director of the Corporation can only be considered if work gets finally finished within time schedule. 36
Page 1 and 2: BID DOCUMENTS For the work Renovati
Page 3 and 4: ORISSA INDUSTRIAL INFRASTRUCTURE DE
Page 5 and 6: Orissa Industrial Infrastructure De
Page 7 and 8: Memo No - 731 /Dt 20.06.2011 Copy t
Page 9 and 10: SPECIAL CONDITION 1. Notwithstandin
Page 11 and 12: GENERAL CONDITIONS 1. Drawings and
Page 13 and 14: SPECIAL CONDITION The contractor sh
Page 15 and 16: FORM OF BID/TENDER [Note: the Appen
Page 17 and 18: and actual labour involved. 10% ext
Page 19 and 20: SPECIAL NOTE 1. The rates to be quo
Page 21 and 22: Should this tender be accepted I/We
Page 23 and 24: EARNEST MONEY DEPOSIT Ref. No._____
Page 25 and 26: SECURITY DEPOSIT BANK GUARANTEE PRO
Page 27 and 28: PERFORMANCE GUARANTEE FORMAT PROFOR
Page 29 and 30: A G R E E M E N T The Agreement is
Page 31 and 32: GENERAL RULES and DIRECTIONS FOR TH
Page 33 and 34: een so filled in and completed, he
Page 35: 14. The tenderer has to furnish val
Page 39 and 40: Corporation shall have certified in
Page 41 and 42: shall not preclude the requiring of
Page 43 and 44: any profit or advantage, which he m
Page 45 and 46: or other documents forming part of
Page 47 and 48: entitled to direct at what point or
Page 49 and 50: d) The authorized officer of the Co
Page 51 and 52: (a) (b) (c) (d) (e) The Contractor
Page 53 and 54: 12. Appeal against the decision of
Page 55 and 56: 6. INSURANCE AGAINST FIRE, ACCIDENT
Page 57 and 58: 15. The Contractor shall submit to
Page 59 and 60: The Contractor shall submit a copy
Page 61 and 62: SPECIAL TERMS & CONDITIONS FOR SAFE

BID DOCUMENTS - IDCO

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?