TENDER FOR SUPPLY, INSTALLATION ... - Port of Chennai

a) Only vehicles licensed by the Board will be allowed inside the Harbourpremises.21. Measurements taken by the person authorised by the Chief MechanicalEngineer to take them will be binding on the Tenderer who will always begiven the opportunity of witnessing the measurements. The contractor shouldsubmit a bill in the Trust’s prescribed billing format.22. CLEARANCE OF SITE ON COMPLETIONOn the completion of the works the Tenderer shall clear away and removefrom the site all constructional temporary works, surplus materials and rubbishof every kind and leave the site and works clean and in a workman likecondition to the satisfaction of the Chief Mechanical Engineer.23. PAYMENT TERMS100% payment will be paid within 30 days after satisfactorily completion andacceptance of the entire work.Income tax @ 2% with applicable surcharge & education cess shall bededucted U/S 194 (c) of Income Tax Act 1961. Similarly Tamil Nadu ValueAdded Tax as per Section 13 of T.N.VAT Act 2006 shall also be deducted. Incase of exemption from the above levy necessary non-deduction certificateshall be produced by the tenderer from Income Tax / Commercial Tax officerespectively.The tenderer shall quote the Bank Account details for the payment throughECS along with PAN.24. Half of the amount deposited (2½ %) by the contractor as security depositunder the agreement will be refunded to the contractor after satisfactorycompletion of the entire work and acceptance by the Trust and the balance (2½%) will be refunded after the satisfactory completion of the guarantee periodor extended guarantee period.25. TAXES AND DUTIESThe Taxes and Duties will be reimbursed by the Trust subject to submission ofdocumentary evidences for payment of the same to the Tax Authorities.Any new and variation in Taxes & Duties shall be applicable only during thescheduled completion period and new/variation in Taxes & Duties will not beallowed during the extended delivery/ completion period.33