CORRIGENDUM NO. II No. CIV/ 112/2012/SM (CE ... - Tenders India

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35. INSURANCE TO DREDGER:
The contractor shall insure dredger and other supporting crafts/ equipments
deployed for the work against normal marine risks. The dredger should also
have Protection and Indemnity (P&I) or such cover, which shall include
salvage of said dredger in case she is sunk within the Cochin Shipyard Limited
limits and is required to be salvaged by the contractor.
36. Following services will be given free of cost depending upon availability. Contractor
has to make his own arrangements to avail the same at his risk and subject to
satisfying statutory rules and regulations if any.
a) Crane facility based on crane reach availability.
37. TIME SCHEDULE AND MONITORING OF PROGRESS
The tenderer shall prepare and attach with the technical bid a detailed work
programme indicating key activities and critical items and showing the order in
which he proposes to carry out the work for completing the same within the
stipulated contract period.
The contractor shall furnish to the engineer-in-charge progress reports of the
work during execution indicating delay, if any, its reason and proposal to make
up the delay.
38. RELEASE OF SECURITY DEPOSIT
10% of the value of work retained towards security deposit shall be released
only after payment of the final bill after observing all formalities and after the
satisfactory completion of the rectification of defects/imperfection noticed and
after clearing of site.
39. EMD submitted by unsuccessful tenderers will be released within 10 days of release
of work order or immediately after the expiry of validity period of tender.
40. The contract shall be governed by the laws in force in India. Any dispute arising will
be subject to the jurisdiction of the court in COCHIN.
41. FORCE MAJEURE EVENTS
In the event of circumstance or a combination of events and circumstances which are
referred below and which are beyond the reasonable control of the contractor and / or
employer as the case may be or which could not have been prevented by the exerciser
of reasonable skill and care, and which or the consequences of which materially affect
the execution of the work, or the contractor’s obligations under this Contract in whole
or in part then and in that event the contractor shall be, subject to the provisions of
this contract, entitled to claim proportionate extension of the contract period.
(i) Force majeure including but not limited to:
(a) War, hostilities (whether war be declared or not), invasion, act of foreign
enemies,
(b) Rebellion, terrorism, revolution, insurrection, military or usurped power,
or civil war,