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7. Providing services for Industrial Canteen at ONGC Mangalore ...

7. Providing services for Industrial Canteen at ONGC Mangalore ...

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clarific<strong>at</strong>ions sought by various authorities including but not limited to SEZ authoritiesand auditing authorities.In the event of delayed delivery, if duties and taxes are increased or any change inImport-Export policy, the incidence of such increase shall be to the CONTRACTOR'saccount.9. INSPECTION: As mentioned in the Terms and Conditions of Enquiry/ Tender10. SECURITY DEPOSIT: Successful bidder shall furnish Security deposit in equivalent to10% of the Contract/ Purchase order value within 15 days of receipt of LOA/ Purchaseorder <strong>for</strong> s<strong>at</strong>isfactory execution of the order by way of a Demand Draft drawn in favourof M/s. <strong>ONGC</strong> <strong>Mangalore</strong> Petrochemicals Limited, payable <strong>at</strong> <strong>Mangalore</strong>. The Vendorshall confirm his acceptance of Security Deposit <strong>at</strong> the time of submitting the offer asper tender conditions. Offers without confirm<strong>at</strong>ion of Security Deposit will be summarilyrejected.Such Security Deposit shall be held by the OWNER as security <strong>for</strong> the due per<strong>for</strong>manceof the Successful bidder's oblig<strong>at</strong>ions under the contract including defects liability period.Bank Guarantees in <strong>at</strong>tached <strong>for</strong>m<strong>at</strong> shall also be accepted in place of Demand Draft.Bank Guarantee issued by the following banks shall be acceptedIndian N<strong>at</strong>ionalized BankExport Import Bank of IndiaA Foreign Bank (issued by a branch outside India) with a counter guarantee fromSBI or its subsidiaries or any Indian N<strong>at</strong>ionalized Bank.Any Scheduled Commercial Bank approved by RBI having a net worth of not lessthan Rs. 500 Crores as per the l<strong>at</strong>est Annual Report of the Bank. In the case of aForeign Bank (issued by a branch in India), the net worth in respect of the Indianoper<strong>at</strong>ions shall only be taken into account.The bank guarantee issued by a Cooper<strong>at</strong>ive Bank shall not be accepted.The Security Deposit shall be <strong>for</strong>feited in case the vendor fails to execute theorder as per the tender conditions.Successful bidder shall from time to time <strong>at</strong> the request of the OMPL suitably extend thevalidity of any Bank Guarantee (whether furnished by way of Security Deposit) <strong>for</strong> suchperiod as may from time to time be required by OMPL failing which, without prejudice toany other right or remedy available, the OMPL shall be entitled to encash the BankGuarantee.11. WARRANTY/ DEFECT LIABILITY: Successful bidder is required to provide warranty ofthe m<strong>at</strong>erial supplied /Defect Liability <strong>for</strong> the works shall unless otherwise specified be12 (twelve) months from the d<strong>at</strong>e of commissioning/install<strong>at</strong>ion or 30 (thirty) monthsfrom the d<strong>at</strong>e of supply, whichever is earlier.12. PRICE DISCOUNT FOR DELAY IN DELIVERY/COMPLETION PERIOD (IFAPPLICABLE): will be applicable @ 0.5% of the Work order/Purchase Order per weekor part thereof <strong>for</strong> delay in supplies/delay in completion subject to a maximum ceiling of5% of Purchase Order/Work Order value. Price adjustment <strong>for</strong> delay indelivery/completion will be imposed on the cost of order price of delayed supplies,except however, where in the judgment of OMPL the supply of partial quantity does notfulfill the oper<strong>at</strong>ing need, Price discount will be imposed on full value of the PurchaseOrder/Work order. For imported items <strong>for</strong> the purpose of Price discount, d<strong>at</strong>e ofdisp<strong>at</strong>ch <strong>at</strong> FOB Port (Air Way Bill/Bill of lading) is considered as delivery d<strong>at</strong>e <strong>for</strong>Page 11 of 74

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