Western Railway - Indian Railway

5 Security Deposit - The successful tenderer or tenderers shall within 14 days after written
notice of acceptance of tender has been posted to him or them, deposit with the Chief
Cashier, Western Railway, Churchgate, Mumbai - 400 020.
5.1 The security deposit may be paid in any of the following manner –
5.1.1 In cash or in the form of deposit as prescribed under earnest money, vide Para 1.1 to 1.7.
5.2 In addition, the following deposits can also be made –
5.2.1 Government securities at 5% below the market value.
5.2.2 Deposit in the Post Office Saving Bank.
5.3 Deposits in the Post Office Saving Bank should be hypothecated by the depositor to the
Financial Adviser and Chief Accounts Officer, Western Railway, Churchgate, Mumbai and
the pass book will remain in the custody of the Chief Cashier, Western Railway, Mumbai-
400 020.
5.4 When deposits are made in government securities it should be seen that all accrued
interest to the debit on the G. P. Notes is duly collected by the depositors prior to the G. P.
Notes being endorsed to the Financial Adviser and Chief Accounts Officer. There should
be at least two blank cages on the G.P. Notes after the last endorsement by the depositor.
These are necessary to enable further endorsement by the Railway to the Reserve Bank
of India.
5.5 In the case of endorsement signed 'PER BEARER FOR, power of attorney is necessary
duly registered and such endorsement needs to be certified by the Public Debt Officer of
the Reserve Bank of India with their rubber stamp before G.P. Notes are delivered to the
Railway.
6 (I) Safety items: Security deposit (SD) /performance guarantee shall be taken from all firms
for contracts for all safety items placed against advertised tenders and global tenders
subject to following exemptions:
a) Vendors registered with National Small Scale Industrial Corporation upto the monetary
limit of their registration for the items ordered.
(II) Other than safety items: Security deposit (SD) shall be taken from all firms for
contracts for items other than safety items placed against advertised tenders and global
tenders subject to following exemptions:
a) Vendors registered with National Small Scale Industrial Corporation upto the monetary
limit of their registration for the items ordered.
b) Vendors registered with Railways upto the monetary limit of their registration for the
items ordered/trade groups for items ordered or Vendors on approved list of
RDSO/Pus/CORE/Railways etc. for those specific items for which they are on approved list
or Other Railways, Government Departments on their specific request and on merits of the
case as considered by tender committee
(III) The usual security deposit, shall, however be taken in case the contracts are placed on
unregistered/unapproved firms or for items for which a particular firm is not
registered/approved.
(IV)The amount of SD to be taken, wherever applicable, will be 10% of the total value of
contract subject to upper ceiling of Rs.10 Lakhs for contracts valuing upto Rs.10 Crores and
Rs.20 Lakhs for contracts valuing above Rs.10 Crores.
TENDERER’S SIGNATURE for CE/TMC/CCG 10
WITH RUBBER STAMP
WESTERN RAILWAY
for and on behalf of President of India