Download - DVC :: Consumer Login

e) For the purpose of recovery of the amount, unpaid amount / security deposit/ SD by way of
BG, provided by the vendor will be adjusted first, If there is any balance left to be recovered,
the Vendor should be informed to deposit the money at the earliest.
f) If he fails to deposit the balance amount no further enquiry will be given as per banning
procedure.
g) In case the amount is considerable, legal action may be considered by TAA. However in case
of TAA is Board or Chairman, approval of concerned member shall be obtained.
Alternatively, the Purchaser may short close the Order stating the reason for not resorting to risk
purchase clause with approval of TAA.
In the event of recourse to alternatives as mentioned above, the Purchaser will have the right to
re-purchase the stores or complete the work, to meet urgency in requirement caused by Vendor’s
failure to comply with the schedule of delivery or completion of the work or services irrespective
of the fact whether the materials / equipments/ work/ service are similar or not.
41. REASONABILITY OF PRICES:
The Tender Committee has to assess the reasonableness of the offers. The Tenders with any
condition shall normally be rejected. However, Tenders with conditional rebates/discounts may
be considered, but without taking into account the conditional rebate/discount for the purpose of
evaluation of the bid price. Tender Committee should specifically draw the attention of TAA to
such conditional rebate/discount and to the fact that the evaluated cost of the Tenders is without
considering such rebates/discounts. Tenders with unconditional rebate can be accepted. The
following procedure may be considered for reasonability of rate:
1. Total amount quoted by valid Tenderer should be compared with the estimated cost put to
Tender duly enhanced by cost index, if available, and in absence of related indices, inflation @
6% p.a. or part there off may be considered during the period of preparation of estimate to
opening of the bid.
2. There is no need for preparing justification statement, in case the offered price of lowest
Tender is less than the enhanced estimated cost under sl.No.1 plus (+) 10 % thereof. However,
the acceptance of Tender, remaining provision of Works & Purchase Manual shall apply.
or
3. Reasonability of the rate of Tenders is to be seen and commented upon by the TC. While
accepting Tenders, rates of Tender of similar nature of Works placed within about last 3
months may be referred to. Similar works shall mean similar in nature, quantum, specification
and location in the near vicinity. Variation over market/justified rate upto +5% in total amount
can be ignored.
or
4. In case of urgency, if certified by the user section, variation upto 10% of revised market cost
under Sl.No.3 above may be allowed for recorded reason.
W& P Manual – 2012 Page 68