tender document for supply, installation, testing and commissioning ...

-21-be necessary, at the contractor’s risk and expense and without prejudice to anyother rights which the IKIWL may have against the contractor under thecontract .14.6 This warranty/guarantee shall not cover any damage/s resulting from normalwear and tear or improper handing by the IKIWL or the authorizedrepresentatives.15. Terms of Payment80% of the total order value shall be paid against receipt and acceptance ofmaterials at site. 10% of total order value & 100% commissioning charges shallbe paid against successful commissioning and stamping & verification at oursite. Balance 10% shall be released against submission of equal amount of Bankguarantee valid up to completion of guarantee period.16. Fixed pricesPrice charged by the contractor for goods delivered and services performedunder the contract shall not; vary from the prices quoted by the contractor in itsbid.17. Change orders17.1 The IKIWL may, at any time by a written order given to the contractor,pursuant to clause 31, make changes within general scope of contract in any oneor more of the following:a) Drawing, designs or specifications, where goods to be furnished under thecontract are to be specifically manufactured for the IKIWL.b) The method of shipment of packing;c) The place of delivery; ord) The services to be provided by the contractor.17.2 If any such changes causes an increase or decrease in the cost of, or the timerequired for, the contractor’s performance of any part of the work under thecontract whether changed or not changed by the order, an equitable adjustmentshall be made in the contract price or delivery schedule, provided at such claimsby contractor are reasonable & to the satisfaction of the IKIWL. Any claims bythe contractor for adjustment under this clause must be asserted within30(thirty) days from the date of contactor’s receipt of the IKIWL change order.18. Contract AmendmentSubject to clause 17, no variation in or modification of the terms of the contractshall be made except by written amendment signed by the IKIWL.19. AssignmentThe contractor shall not assign, in whole or part, its obligation to perform underthe contract, except with the IKIWL’S prior written consent.20. SubcontractsThe contractor shall notify the IKIWL in writing of all subcontracts awardedunder the contract if not already specified in his bid, such notification, in thisoriginal bid or later, shall not relieved the contractor from any liability orobligation under the contract.IKIWLSignature of Bidder