THE KANGRA CENTRAL COOPERATIVE BANK LIMITED - Jccb.co.in

JOGINDRA CENTRAL COOPERATIVE BANK LIMITED
SOLAN (HP)
4.7.1 The Bank shall provide space to install the equipment and components etc. On day to day basis
the officials of the Bank shall help the engineers deputed by the Bidder for the job in their
capacity.
4.7.2 The Bank shall provide appropriate environmental conditions, necessary power facilities for the
system, access to the premises and a secure equipment storage area.
4.8 SCHEDULE OF PAYMENT
4.8.1 No payment will be made in advance.
4.8.2 60% payment of cost of items delivered shall be released on delivery of goods in good condition
to the Bank.
4.8.3 30% payment of the cost of items delivered and installed shall be released after successful
commissioning and implementation and issuing of successful certification by the Consultant /
the Bank for the same.
4.8.4 10% payment of the cost of items delivered and installed shall be released after 3months from
the date of successful commissioning as certified by the Bank / Consultant.
4.8.5 The goods procured vide this tender need to have a warranty of one year. The Bidders are
advised to include such warranty charges if any, in the one-time cost.
4.9 EARNEST MONEY
4.9.1 Earnest Money @ 2% of the quoted value should be submitted along with the Tender as given
in Section 3.5.1 ante. Tenders without Earnest Money shall be out rightly rejected.
4.9.2 The successful Bidder(s) will be required to meet the schedule of job given by the Bank /
Consultant and mutually agreed to by them and would abide by the terms and conditions of the
contract, failing which the Bank reserves the right to forfeit the full or part of the said deposit, as
the case may be.
4.9.3 If the Bidder refuses to undertake the allotted work or delays the work deliberately and
unnecessarily, their allotment order will be cancelled, Firm will be black Listed and Earnest
Money shall be forfeited. In such a case decision of the Bank will be final and binding.
4.10 RATES
The rates quoted for various items shall remain firm for one year from the date of placement of
purchase order and shall not be subjected to any upward modification whatsoever. Thereafter
the Bank will take confirmation of the Bidder before placing any supplementary orders on them
and the right of the Bidder, whether to accept it or reject, shall be respected.
4.11 PENALTIES
In case of delay in execution of works or delivery of goods & services penalties at the following
rates shall be imposed on the Supplier on the total amount (as per relevant rate schedule) of
delayed goods / services. The default shall be deemed to have incurred in case the Supplier
failed to make commercially reasonable efforts as might be certified by an empowered
committee in this regard.
i. 4% upto 1 month to be pro-rated on weekly basis (1 month = 4 weeks)
ii. 8% per month for delay upto subsequent 2 months
iii.
Delays beyond 3 months shall not be accepted and in such circumstances the order
shall stand cancelled
The decision of the Bank in this regard shall be final, conclusive and binding.
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