ANNEXURE Minutes of Pre-Bid meeting held on ... - Moil Limited
ANNEXURE Minutes of Pre-Bid meeting held on ... - Moil Limited
ANNEXURE Minutes of Pre-Bid meeting held on ... - Moil Limited
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- Payment will be facilitated by letter <str<strong>on</strong>g>of</str<strong>on</strong>g> credit<br />
- On producti<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g> pro<str<strong>on</strong>g>of</str<strong>on</strong>g> <str<strong>on</strong>g>of</str<strong>on</strong>g> dispatch al<strong>on</strong>g the bills, 80% <str<strong>on</strong>g>of</str<strong>on</strong>g> FOB price (Refer Price bid<br />
format 1.4.B) for the equipments will be released.<br />
- 10% <str<strong>on</strong>g>of</str<strong>on</strong>g> FOB price for the equipments will be released after issue <str<strong>on</strong>g>of</str<strong>on</strong>g> <str<strong>on</strong>g>Pre</str<strong>on</strong>g>liminary<br />
acceptance certificate.<br />
Payment for the bills for the remaining 10% FOB price and for other expenses (Price bid format<br />
1.4.B) will be made after issue <str<strong>on</strong>g>of</str<strong>on</strong>g> Final Acceptance Certificate by the Company <strong>on</strong> the<br />
recommendati<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g> Engineer in-charge. Subject to the provisi<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g> clause for taxes and<br />
duties, the maximum amount to be paid shall be limited to quoted agreed price.<br />
- Taxes, duties and levies as per statute will be reimbursed at actual <strong>on</strong> producti<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g><br />
documentary pro<str<strong>on</strong>g>of</str<strong>on</strong>g>.<br />
For supply <str<strong>on</strong>g>of</str<strong>on</strong>g> winding engines, letter <str<strong>on</strong>g>of</str<strong>on</strong>g> credit shall be opened <strong>on</strong>ly after submissi<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g><br />
Irrecoverable Bank guarantee <str<strong>on</strong>g>of</str<strong>on</strong>g> equivalent amount issued by a Nati<strong>on</strong>alised / Scheduled bank<br />
acceptable to MOIL, other than co-operative bank with its validity <str<strong>on</strong>g>of</str<strong>on</strong>g> 30 days bey<strong>on</strong>d the date <str<strong>on</strong>g>of</str<strong>on</strong>g><br />
successful commissi<strong>on</strong>ing. Bank Guarantee will be extended by the C<strong>on</strong>tractor, if completi<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g><br />
successful commissi<strong>on</strong>ing is delayed for any reas<strong>on</strong> whatsoever.<br />
ii) For deliverable P&M quoted in INR<br />
80% <str<strong>on</strong>g>of</str<strong>on</strong>g> the value <str<strong>on</strong>g>of</str<strong>on</strong>g> each complete equipment c<strong>on</strong>signment will be paid after delivery <str<strong>on</strong>g>of</str<strong>on</strong>g> the<br />
C<strong>on</strong>signment at site subject to receipt <str<strong>on</strong>g>of</str<strong>on</strong>g> the following documents by the Company:<br />
- Irrecoverable Bank guarantee <str<strong>on</strong>g>of</str<strong>on</strong>g> equivalent amount issued by a Nati<strong>on</strong>alised / Scheduled bank<br />
acceptable to MOIL, other than co-operative bank with its validity <str<strong>on</strong>g>of</str<strong>on</strong>g> 30 days bey<strong>on</strong>d the date <str<strong>on</strong>g>of</str<strong>on</strong>g><br />
successful commissi<strong>on</strong>ing. Bank Guarantee will be extended by the C<strong>on</strong>tractor, if completi<strong>on</strong> <str<strong>on</strong>g>of</str<strong>on</strong>g><br />
successful commissi<strong>on</strong>ing is delayed for any reas<strong>on</strong> whatsoever. (Bank guarantee is to be<br />
furnished <strong>on</strong>ly for supply <str<strong>on</strong>g>of</str<strong>on</strong>g> winding engines)<br />
- C<strong>on</strong>tractor’s pre-receipted invoice.<br />
- Certificate for receipt <str<strong>on</strong>g>of</str<strong>on</strong>g> all materials (for which invoice has been made) at site in full and<br />
good c<strong>on</strong>diti<strong>on</strong>.<br />
- 2 copies <str<strong>on</strong>g>of</str<strong>on</strong>g> lorry receipt evidencing receipt <str<strong>on</strong>g>of</str<strong>on</strong>g> materials at site.<br />
- 2 copies <str<strong>on</strong>g>of</str<strong>on</strong>g> delivery challan & packing list.<br />
- Invoice in original + 1 copy.<br />
- Company’s Inspecti<strong>on</strong> Certificate (original + 1 copy)<br />
- <str<strong>on</strong>g>Pre</str<strong>on</strong>g> Despatch Clearance or its waival issued by the Employer.