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NCSCM Building Bid Document - Sicom

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) for Contractor’s<br />

Employees<br />

In accordance with the statutory<br />

requirements applicable to India<br />

The following events shall also be Compensation Events: [44]<br />

1. NIL<br />

The period between Program updates shall be 30 days. [27]<br />

The amount to be withheld for late submission of an updated<br />

Program shall be Rs.5,000/- per day. [27]<br />

The language of the Contract documents is English [3]<br />

The law which applies to the Contract is the laws of Union of India [3]<br />

The currency of the Contract is Indian Rupees. [46]<br />

Fees and types of reimbursable expenses to be paid to the Adjudicator [25]<br />

Rs. 5,000.00 per sitting plus reimbursable expenses, (i.e.) Travelling,<br />

Boarding & Lodging Expenses In case appointed by the Institute of Engineers (India), New Delhi, at a daily<br />

fee per sitting plus reimbursable expenses, (i.e.) Travelling,<br />

Boarding & Lodging Expenses, as suggested by the Institute of Engineers (India),<br />

New Delhi.<br />

Appointing Authority for the Adjudicator The President, Institute<br />

of Engineers (India), New Delhi [26]<br />

The proportion of payments retained (retention money) shall be 6% from each bill<br />

subject to a maximum of 5% of final contract price [48]<br />

The liquidated damages for the whole of the works are<br />

Rs.150,000/- per day and that for the milestone are as under : [49]<br />

For milestone 1<br />

For milestone 2<br />

For milestone 3<br />

Rs.22,000.00per day<br />

Rs. 60,000.00per day<br />

Rs.150,000.00per day<br />

The maximum amount of liquidated damages for the whole of the works [49]<br />

is ten percent of final contract price.<br />

The amounts of the advance payment are: [51]<br />

Nature of Advance Amount (Rs.) Conditions to be fulfilled<br />

1. Mobilization 5% of the Contract price. To be<br />

submitted by the contractor within 15<br />

days of signing of contract. He will<br />

not be eligible for mobilization<br />

advance if not submitted within 15<br />

days of signing of contract.<br />

2. Equipment 90% for new and 50% of depreciated<br />

value for old equipment. Total<br />

(This advance is not amount will be subject to a maxi-<br />

67<br />

On submission of un-conditional Bank Guarantee.<br />

(to be drawn before end of 20% of Contract period)<br />

After equipment is brought to site as per agreed<br />

construction program (provided the Engineer is<br />

satisfied that the equipment is required for<br />

NCB.CW/W-2

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