Bid Document for Hawkers Rehab Centre in Digha.pdf - Integrated ...

51.1 The Employer shall make advance payment to the Contractor of the amounts stated in the Contract Databy the date stated in the Contract Data, against provision by the Contractor of an Unconditional BankGuarantee in a form and by a bank acceptable to the Employer in amounts and currencies equal to theadvance payment. The guarantee shall remain effective until the advance payment has been repaid, butthe amount of the guarantee shall be progressively reduced by the amounts repaid by the Contractor.Interest will not be charged on the advance payment.51.2 The Contractor is to use the advance payment only to pay for Equipment, Plant and Mobilizationexpenses required specifically for execution of the Works. The Contractor shall demonstrate thatadvance payment has been used in this way by supplying copies of invoices or other documents to theEngineer.51.3 The advance payment shall be repaid by deducting proportionate amounts from payments otherwise dueto the Contractor, following the schedule of completed percentages of the Works on a payment basis. Noaccount shall be taken of the advance (mobilization and equipment only) payment or its repayment inassessing valuations of work done, Variations, price adjustments, Compensation Events, or LiquidatedDamages.51.4 Secured Advance:52. SecuritiesThe Engineer-in-charge shall make advance payment in respect of materials intended for but not yetincorporated in the Works in accordance with conditions stipulated in the Contract Data.52.1 The Performance Security shall be provided to the Employer no later than the date specified in the Letterof Acceptance and shall be issued in an amount and form and by a bank or surety acceptable to theEmployer, and denominated in Indian Rupees. The Performance Security shall be valid until a date 28days from the date of expiry of Defects Liability Period and the additional security for unbalanced bidsshall be valid until a date 28 days from the date of issue of the certificate of completion.53. Deleted54. Cost of Repairs54.1 Loss or damage to the Works or Materials to be incorporated in the Works between the Start Date andthe end of the Defects Correction periods shall be remedied by the Contractor at the Contractor's cost ifthe loss or damage arises from the Contractor's acts or omissions.55. CompletionE. Finishing the Contract55.1 The Contractor shall request the Engineer-in-charge to issue a Certificate of Completion of the Worksand the Engineer will do so upon deciding that the Work is completed.56. Taking Over56.1 The Employer shall take over the Site and the Works within seven days of the Engineer-in-charge issuinga certificate of Completion.57. Final Account57.1 The Contractor shall supply to the Engineer-in-charge a detailed account of the total amount that theContractor considers payable under the Contract before the end of the Defects Liability Period. TheEngineer shall issue a Defect Liability Certificate and certify any final payment that is due to theContractor within 56 days of receiving the Contractor's account if it is correct and complete. If it is not,47