TENDER NOTICE NO. NESCO/ CAPEX/SUPPLY & INSTALLATION ...

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30.0 TERMS OF PAYMENT: 30.01 An advance of 10% (ten percent) of total lump sum contract price shall be paid as Mobilization Advance, subject to the following. (a) (b) (c) (d) (e) Submission of Invoice for payment of advance. Receipt and acceptance of unconditional irrevocable Contract Performance Bank Guarantee in favour of Owner as mentioned in clause 29.01. Receipt and acceptance of unconditional and irrevocable Advance Payment Bank Guarantee in favour of Owner for an amount equivalent to the amount of advance as per the prescribed format as provided in Section V, Annexure - IV. The Bank Guarantee so provided should be en-cashable on the Bhubaneswar branch of the issuing Bank. Establishment of contract site office and certification by the engineer that satisfactory mobilization for erection exists. All advance payment shall be interest bearing and recovery of advance along with the interest component on the advance amount shall be as under: i) All advance payment made shall be recovered proportionately from each running bill of the contractor. ii) The amount of interest to be recovered from a particular bill shall be calculated @ 10% per annum on the value of advance corresponding to the percentage of total progressive payment being released. The period for which the interest is to be calculated shall be reckoned from the date of release of the advance payment to the actual date of release of the said progressive payment or the expiry of the stipulated time frame for release of such progressive payment. If any amount payable under any interim bill is not sufficient to cover all deductions to be made for interest on the advance payment and other sums deductible there from, the balance outstanding shall be recovered from the next payments immediately falling due. 30.02 80% (Eighty percent) of contract price on pro-rata basis along with taxes and duties shall be paid progressively (after necessary advance adjustment with interest as applicable) for each completed items of work certified by the Jr. Manager, Asst. Manager/SDO concerned against each calendar month by first week of the succeeding months along with utilization certificate. No payment shall be released if the accounts for utilization of T . N : N E S C O / C A P E X / S U P P L Y & I N S T A L L A T I O N / 1 5 , D T D . 21. 0 1 . 1 3 Page 38
materials unless follow with proper certification by the concerned Jr. Manager, Asst. Manager/SDO within 30 days of submission of claim subject to certification by Owner‟s Engineer-in-charge on the basis of check points involved in such items of work. 30.03 Balance 20% (twenty percent) of contract price shall be paid after completion of all works, envisaged under this package including any additions and alterations, testing & commissioning, return of dismantled materials/ un-used free supply material, taking over certificate and entire stretch is fully ready for commercial operation. The payments shall be subjected to clearance from electrical inspectorate. Note: In case of joint venture/consortium Performance Bank Guarantee shall be provided by the Lead Partner @ 10% and additional 1% by each JV Partner(s). 31.0 PAYING OFFICER: Owner shall notify the paying officer for the project. 32.0 OWNER‟S RIGHTS: - The Owner reserves the right to accept any bid or reject any or all bids or cancel / withdraw invitation of bid or to vary the quantity for placement of order without assigning any reason to such decision. Such decision by the Owner shall bear no liability. 33.0 DISTINCT MARK ON EQUIPMENT AND MATERIALS: All the equipments and materials required for the works shall have distinct mark of Owner either by way of punching on metal part(s) and/or in built during casting and/or painting as per common practice and/or as mutually agreed. This should be clearly visible in day light in naked eye. 34.0 DISPUTE RESOLUTION AND JURISDICTION: - (a) Any disputes arising out of this contract shall be referred to the MD, OPTCL who shall decide the case as sole Arbitrator. (b) For the purpose of dispute resolution, this agreement shall be governed by the provision of Arbitration and Conciliation Act, 1996. (c) All disputes shall be subjected to exclusive jurisdiction of the Courts at Balasore and the writ jurisdiction of Hon‟ble High Court of Odisha at Cuttack. T . N : N E S C O / C A P E X / S U P P L Y & I N S T A L L A T I O N / 1 5 , D T D . 21. 0 1 . 1 3 Page 39
Page 1 and 2: North Eastern Electricity Supply Co
Page 3 and 4: North Eastern Electricity Supply Co
Page 5 and 6: SECTION - I INVITATION FOR BIDS (IF
Page 7 and 8: Division TABLE - A PACKAGE WISE MIN
Page 9 and 10: mentioned as above as well as in th
Page 11 and 12: NB: Bidders offering multiple items
Page 13 and 14: SECTION - II INSTRUCTION TO BIDDERS
Page 15 and 16: documents or submission of a Bid no
Page 17 and 18: 10.0 BID PRICE: 10.1 Bidders have t
Page 19 and 20: 18. DEADLINE FOR SUBMISSION OF BIDS
Page 21 and 22: Bidder whose Bid has been determine
Page 23 and 24: SECTION - III GENERAL CONDITIONS OF
Page 25 and 26: v. Receipt, storage, preservation a
Page 27 and 28: a) „All equipment and materials
Page 29 and 30: corrected. If there is a discrepanc
Page 31 and 32: Inspection and or testing at least
Page 33 and 34: mentioned elsewhere in the Bid. How
Page 35 and 36: Contractor, the Contractor shall pa
Page 37: claim with the insurer as well as f
Page 41 and 42: 37.0 SUBMITTALS REQUIRED AFTER AWAR
Page 43 and 44: SECTION - III GENERAL CONDITIONS OF
Page 45 and 46: 7.0 INSPECTION & TESTING: i) The Pu
Page 47 and 48: 13.01(a) (b) (c) Bidder shall quote
Page 49 and 50: 26.0 EVENTS OF DEFAULT: 26.1 Events
Page 51 and 52: S E C T I O N - I SECTION -IV TECHI
Page 53 and 54: BID PROPOSAL LETTER Electrical Inst
Page 55 and 56: 1.09 We understand that in the pric
Page 57 and 58: 10.0 GURANTEE DECLARATION We guaran
Page 59 and 60: ANNEXURE - II To, CAPEX CELL Corpor
Page 61 and 62: amount due and payable by the Bank
Page 63 and 64: ANNEXURE - IV PROFORMA OF BANK GUAR
Page 65 and 66: Dated the day of Two thousand . Not
Page 67 and 68: It is expressly understood that thi
Page 69 and 70: Commissioning as per the scope of w
Page 71 and 72: each of the member is absolute and
Page 73 and 74: esolution dated representative) Nam
Page 75 and 76: Table - C: Access to Credit Facilit
Page 77 and 78: Table - B: Average Annual Turnover:
Page 79 and 80: Sl. No Name of Personnel Degree/ Di
Page 81 and 82: ANNEXURE - IX Bidder‟s Name & Add
Page 83 and 84: BOUGHT OUT & SUB CONTRACTED ITEMS A
Page 85 and 86: ANNEXURE - XIII CHECK LIST Bidder
Page 87 and 88: ANNEXURE - XIV Page 1 of 3 PROFORMA
Page 89 and 90:
6. NOW THE CONDITION of this Bond i
Page 91 and 92:
ANNEXURE - XVI (A) PROFORMA FOR BAN
Page 93 and 94:
ANNEXURE- XVI (B) FORM OF EXTENSION
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TENDER NOTICE NO. NESCO/ CAPEX/SUPPLY & INSTALLATION ...

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