MPED-X-Routing-Tender20080721 - Madhya Pradesh State Excise

7.23.3 Expenses for the Contract
The incidental expenses of execution of agreement / contract shall be borne by
the successful bidder.
7.23.4 Failure to abide by the Agreement
The conditions stipulated in the agreement shall be strictly adhered to and
violation of any of these conditions will entail termination of the contract without
prejudice to the rights of the competent authority with such penalties as specified
in the Bidding document and the agreement.
7.23.5 Signing of Service Level Agreement (SLA)
An SLA will be executed by the vendor & the Competent Authority in the
prescribed format for the services under this contract,
7.24 PERFORMANCE SECURITY
7.24.1 Within 21 days of the System Integration Bidder’s receipt of notification of award,
the Bidder shall furnish performance security equal to ten percent (10%) of contract
value, valid up to 60 days after the date of completion of the Computerization project
including 5-year warranty period.
7.24.2 The proceeds of the performance security shall be payable to the Competent
Authority as compensation for any loss (es) resulting from the failure of the System
Integration Bidder to meet out its obligations under the Contract.
The Performance Security shall be denominated in Indian Rupees and shall be in the
form of Bank Draft, issued by a Nationalized/Scheduled Bank, located in India. Such
Performance Security will be valid only after its realization into Government account.
Alternatively, the System Integration Bidder may also deposit this security in the form of
Bank Guarantee of a Nationalized/Scheduled Bank, in the format as prescribed by the
Competent Authority, which is valid for the entire period as mentioned in Clause 7.24.1
above and pledged in favour of the Competent Authority.
The Performance Security will be discharged by the Competent Authority and returned
to the Bidder not later than 60 days following the date of completion of the Bidder's
performance obligations, as mentioned in the bid document.
In the event of any contract amendment, the Bidder shall, within 21 days of receipt of
such an amendment furnish the amended performance security, rendering the same
valid for duration of the contract as amended and for further period of 60 days thereafter.
7.25 CORRUPT OR FRAUDULENT PRACTICES
7.25.1 The Competent Authority requires that Bidders observe the highest standard of
ethics during the performance and execution of this contract.
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