invited by SIIDCUL on behalf of Managing Director ... - Sidcul

Expressed as percent of total value of work
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Component of civil (except cement & steel) Xm -
/Electrical construction Materials expressed as percent of total value
of work -
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Component of Labour- Y -
Expressed as percent of total value of work
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Component of P.O.L.- Xs -
Expressed as percent of total value of work
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SCHEDULE ‘F’
Reference to Terms and condition.
Name of work :-
Annual Operation & Maintenance of Tipri-Madan Negi Ropeway Old
Tehri Town, Uttarakhand..
Estimated cost of work : Rs. 3.0 Lakhs per month
(i) Earnest Money : Rs. 90000/-
(ii) Performance Guarantee: The contractor shall be required to deposit an amount equal to
5% of the tendered value of the work as performance
guarantee in the form of an irrevocable bank guarantee bond of
any scheduled bank or State Bank of India in accordance with
the form prescribed or fixed deposit receipt etc., as in the case
of recovery of security deposit within period specified in
schedule F from the date of issue of letter of acceptance but
before award of work. This period can be further extended <strong>by</strong>
the Engineer-in-Charge up to a maximum period as specified in
schedule F on written request of the contractor.
(iii) Security Deposit :
A sum @ 10% of the gross amount of the bill shall be deducted
from each running bill of the contractor till the sum along with
sum already deposited as earnest money will amount to
security deposit of 5% of the tendered value of the work (Bank
guarantee is not to be accepted as security deposit).
GENERAL RULES : Officer inviting tender MD <strong>SIIDCUL</strong>.
& DIRECTIONS
Maximum percentage for quantity of items of work to be executed
beyond which rates are to be determined in accordance with Clauses
12.2 & 12.3 see below :