Western Railway - Indian Railway

WESTERN RAILWAY
S137F
SPECIAL CONDITIONS AND INSTRUCTIONS FOR THE GUIDANCE OF THE
CONTRACTORS
Special Conditions
1. Earnest Money - Tenderers are required to deposit the amount specified in the Tender
Form as EARNEST MONEY with the Chief Cashier, Western Railway, Churchgate,
Mumbai in any one of the following manners.
1.1 In Cash - This should be deposited in cash direct with the Chief Cashier, Western
Railway, Churchgate, Mumbai. CHEQUES WILL NOT BE ACCEPTED. No interest is
payable on cash deposit. The receipt from the Chief Cashier, Western Railway,
Churchgate, Mumbai must be attached with the tender.
1.2 Deposit Receipts, Pay Orders, Demand Drafts and Guarantee Bonds - These forms
of earnest money deposit could be either of the State Bank of India or of any of the
Nationalized Banks.
1.3 Deposit receipts and guarantee bonds executed by the Scheduled banks approved by
the Reserve Bank of India for the purpose. In this event, this Railway will have to obtain
concurrence of Reserve Bank of India before accepting such deposit receipts or
guarantee bonds and as this may entail delay, it will be in tenderers' interest to adopt the
other alternative methods available for depositing earnest money.
1.4 Guarantee bonds executed or deposit receipts tendered by the scheduled banks which
have not been approved by the Reserve Bank of India for the purpose, provided -
1.4.1 The bond in question is countersigned by any of the approved banks (including the State
Bank of India), whereby the latter undertakes full responsibility to indemnify the
Government Department in the case of defaults.
1.4.2 The Bank concerned lodges with the Reserve Bank of India requisite securities, namely,
cash deposits or Government securities in respect of guarantees to be executed or
deposit to be tendered by it.
1.5 Deposit Receipts should be drawn in the name of Assistant Accounts Officer(X),
Western Railway, Churchgate, Mumbai-400 020.
1.6 7 Years National Savings Certificate (II Issue).
7 Years National Savings Certificate (III Issue).
7 Years National Savings Certificate (IV Issue) and
7 Years National Savings Certificate (V Issue) can be pledged as standing earnest
money.
Note : In respect of the 7 Year National Savings Certificates(III & IV Issue) pledge as
securities, the annual interest is payable to the pledger without reference to the pledger.
It is, however, the responsibility of the pledger to produce the certificate at the counter of
the post office every time he wants to take payments of the annual interest.
TENDERER’S SIGNATURE for CE/TMC/CCG 8
WITH RUBBER STAMP
WESTERN RAILWAY
for and on behalf of President of India