invited by SIIDCUL on behalf of Managing Director ... - Sidcul
invited by SIIDCUL on behalf of Managing Director ... - Sidcul
invited by SIIDCUL on behalf of Managing Director ... - Sidcul
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20.0 In case <strong>of</strong> works having estimated cost below Rs. 6,00,000/- the successful tenderer<br />
shall be required to execute an agreement with the Engineer-in-Charge in the Performa<br />
annexed to the tender document, within 15 days <strong>of</strong> the issue <strong>of</strong> letter <strong>of</strong> acceptance <str<strong>on</strong>g>by</str<strong>on</strong>g><br />
the <str<strong>on</strong>g>SIIDCUL</str<strong>on</strong>g>. In the event <strong>of</strong> failure <strong>on</strong> the part <strong>of</strong> the successful tenderer to sign the<br />
agreement, the earnest m<strong>on</strong>ey will be forfeited and tender cancelled. In case <strong>of</strong> works<br />
<strong>of</strong> estimated <strong>of</strong> cost Rs. 6,00,000/- and above, the successful tenderer shall, up<strong>on</strong><br />
issue <strong>of</strong> letter <strong>of</strong> acceptance <strong>of</strong> Tender, shall be required to furnish irrevocable Bank<br />
Guarantee <strong>of</strong> requisite amount to the Engineer-in-Charge in the Performa annexed to<br />
the tender document, within 15 days <strong>of</strong> the issue <strong>of</strong> letter <strong>of</strong> acceptance <strong>of</strong> Tender <str<strong>on</strong>g>by</str<strong>on</strong>g><br />
the <str<strong>on</strong>g>SIIDCUL</str<strong>on</strong>g>. In the event <strong>of</strong> failure <strong>on</strong> the part <strong>of</strong> the successful tenderer to furnish<br />
the bank Guarantee within 15 days, the earnest m<strong>on</strong>ey will be forfeited and tender<br />
cancelled.<br />
21.0 This Notice Inviting Tender (<str<strong>on</strong>g>SIIDCUL</str<strong>on</strong>g>) shall form a part <strong>of</strong> the C<strong>on</strong>tract Document. In<br />
accordance with clause 1 <strong>of</strong> the c<strong>on</strong>tract, the letter <strong>of</strong> intent shall be issued first in<br />
favour <strong>of</strong> the successful Tenderer/C<strong>on</strong>tractor. After submissi<strong>on</strong> <strong>of</strong> the performance<br />
guarantee, the letter for commencement <strong>of</strong> work shall be issued. The c<strong>on</strong>tract shall be<br />
deemed to have come into effect <strong>on</strong> issue <strong>of</strong> communicati<strong>on</strong> <strong>of</strong> acceptance <strong>of</strong> the<br />
tender. On such communicati<strong>on</strong> <strong>of</strong> acceptance, the successful Tenderer/C<strong>on</strong>tractor<br />
shall within 15 days from such date, formally sign the agreement c<strong>on</strong>sisting <strong>of</strong>:<br />
a) The Notice Inviting Tender, all the documents including, General C<strong>on</strong>diti<strong>on</strong>s,<br />
additi<strong>on</strong>al c<strong>on</strong>diti<strong>on</strong>s, specificati<strong>on</strong>s and drawings, if any,<br />
forming part <strong>of</strong> the tender, and, as issued at the time <strong>of</strong> invitati<strong>on</strong> <strong>of</strong> tender and<br />
acceptance there<strong>of</strong> together with any corresp<strong>on</strong>dence leading thereto.<br />
b) Standard <str<strong>on</strong>g>SIIDCUL</str<strong>on</strong>g> Form 8 <strong>on</strong> <str<strong>on</strong>g>SIIDCUL</str<strong>on</strong>g> website www.sidcul.com.<br />
c) Agreement signed <strong>on</strong> n<strong>on</strong>-judicial stamp paper as per Performa annexed to the<br />
tender document.<br />
22.0 First Running Account bill shall be paid <strong>on</strong>ly after<br />
(a) signing <strong>of</strong> the Agreement/C<strong>on</strong>tract <str<strong>on</strong>g>by</str<strong>on</strong>g> both the parties, and<br />
(b) Progress chart has been prepared as required under clause 5 and approved <str<strong>on</strong>g>by</str<strong>on</strong>g><br />
the competent authority.<br />
23.0 If a c<strong>on</strong>tractor after purchasing the tender does not quote c<strong>on</strong>secutively <strong>on</strong> three<br />
occasi<strong>on</strong>s, the c<strong>on</strong>tractor may be debarred for further purchase <strong>of</strong> tenders for a period<br />
<strong>of</strong> six m<strong>on</strong>ths.<br />
24.0 General c<strong>on</strong>diti<strong>on</strong>s <strong>of</strong> c<strong>on</strong>tract for works in <str<strong>on</strong>g>SIIDCUL</str<strong>on</strong>g> are available <strong>on</strong> website<br />
www.sidcul.com as well as in the <strong>of</strong>fice.<br />
25.0 A declarati<strong>on</strong> in the pr<strong>of</strong>orma annexed herewith is to be given <str<strong>on</strong>g>by</str<strong>on</strong>g> tenderers who are<br />
submitting the tender documents downloaded from the website. Every page <strong>of</strong>