NCSCM Building Bid Document - Sicom
NCSCM Building Bid Document - Sicom
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