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ANNEXURE-Z
DAMODAR VALLEY CORPORATION
PROFORMA OF INTEGRITY PACT
On this day of 2012 at Kolkata, in
the presence of the following two witnesses, this Integrity Pact is being executed between:
Damodar Valley Corporation, hereinafter referred to as “The Principal”
AND
hereinafter referred to as “The Bidder/Contractor” (which expression shall include all its
partners/directors, agents, legal or other representatives, servants, subcontractors (wherever
permitted or permissible) and successor in interest and all persons claiming through it).
Whereas it has been directed by the Damodar Valley Corporation, Principal and the Central
Vigilance Commission, New Delhi that all undertakings and/or other concerns of the Principal
shall execute an Integrity Pact with contracting parties/bidders in all forthcoming contracts/tender
processes above the prescribed value of Rs. 15 Crore, it is necessary to execute an Integrity Pact
between such parties. Pursuant thereto, the present Integrity Pact is being executed.
Whereas the DVC intends to award, under laid down organisation procedures, contract(s) for
………………………………………………………………………….. DVC values full
compliance with all relevant laws and regulations, and the principles of economic use of
resources, and of fairness and transparency in its relations with its bidder(s) and contractor(s).
Whereas in order to achieve these goals, the DVC cooperates with the renowned international
Non Governmental Organisation “Transparency International” (TII). Following TII’s national
and international experience, the DVC will appoint External Independent Monitor(s) who will
monitor the tendering process and the execution of the contract for compliance with the principles
mentioned above.
W& P Manual – 2012 Page 257