General Terms and Conditions - Calcutta Telephones

CLAUSES OF CONTRACT
B S N L
(c) hypothecated to the BSNL as specified by the Engineer-in-Charge, before the
payment of advance is released. The Contractor shall not be permitted to
remove from the site such hypothecated plant and equipment without the
prior written permission of the Engineer-in-Charge. The contractor shall be
responsible for maintaining such plant and equipment in good working order
during the entire period of hypothecation failing which such advance shall be
entirely recovered in lump sum. For this purpose steel scaffolding and
formwork shall be treated as plant and equipment.
The contractor shall insure the Plant & Machinery for which mobilisation advance
is sought and given, for a sum sufficient to provide for their replacement at site.
Any amounts not recovered from the insurers will be borne by the contractor.
iv) The mobilisation advance and plant and machinery advance, in (ii) & (iii) above,
bear simple interest at the rate of 18 per cent per annum and shall be calculated
from the date of payment to the date of recovery, both days inclusive, on the
outstanding amount of advance. Recovery of such sums advanced shall be made
by the deduction from the contractor’s bills commencing after first ten per cent of
the gross value of the work is executed and paid, on pro-rata percentage basis to
the gross value of the work billed beyond 10 % in such a way that the entire
advances recovered by the time eighty percent of the gross value of the contract
is executed and paid, together with interest due on the entire outstanding amount
upto the date of recovery of the installment.
v) If the circumstances are considered reasonable by the Engineer-in-Charge, the
period mentioned in (ii) and (iii) for request by the contractor in writing for grant of
mobilisation advance and plant and equipment advance may be extended at the
discretion of the Engineer-in-Charge.
vi) The said bank guarantee for advances shall initially be made for the full amount
and valid for the contract period, and be kept renewed from time to time to cover
the balance amount and likely period of complete recovery together with interest.
CLAUSE 10 C
Payment due
to Increase/
Decrease in
Prices/Wages
after receipt
of Tender for
the work
If the prices of materials (not being materials supplied or services rendered at fixed
prices by the BSNL in accordance with Clauses 10 & 34 thereof) and/or wages of
labour required for execution of the work increase, the contractor shall be
compensated for such increase as per provisions detailed below and the amount of
the contract shall accordingly be varied, subject to the condition that such
compensation for escalation in prices shall be available only for the work done during
the stipulated period of the contract including such period for which the contract’s
validity is extended under the provisions of Clause 5 of the contract without any
action under Clause 2 and also subject to the condition that no such compensation
shall be payable for a work for which the stipulated period of completion is 3 months
or less. Such compensation for escalation in the prices of materials and labour, when
due, shall be worked out based on the following provisions: -
i. The base date for working out such escalation shall be the last stipulated date of
receipt of tenders including extension, if any.
ii. The cost of work on which the escalation will be payable shall be reckoned as
below: -
a) Gross value of Works done upto this quarter: (A)
b) Gross value of Work Done upto the last quarter. (B)
c) Gross value of work done since previous quarter (A-B) (C)
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