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Notice inviting proposal for “Conducting Demographic Survey ...

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19 TERMINATION, SUSPENSION, CANCELLATION & FORECLOSURE OFCONTRACTThe company shall, in addition to other remedial steps to be taken as provided in theconditions of contract, be entitled to cancel the contract in full or in part, if the contractora. Makes default in proceeding with the works with due diligence and continues to do soeven after a notice in writing from the DDC,DHANBAD-CUM-PROJECT DIRECTOR,then on the expiry of the period as specified in the noticeORb. Commits default/breach in complying with any of the terms & conditions of the contractand does not remedy it or fails to take effective steps <strong>for</strong> the remedy to the satisfaction ofthe DDC,DHANBAD-CUM-PROJECT DIRECTOR, then on expiry of the period asmay be specified by the DDC,DHANBAD-CUM-PROJECT DIRECTOR in a notice inwriting.ORFails to complete the work or items of work with individual dates of completion, on orbe<strong>for</strong>e the date/dates of completion or as extended by the authority, then on expiry of theperiod as may be specified by the DDC,DHANBAD-CUM-PROJECT DIRECTOR in anotice in writing.c. Shall offer or give or agree to give any person in the service of the company or to anyother person in the service of the company or to any other person in his behalf any giftor consideration of any kind as an inducement or reward <strong>for</strong> act/acts of favour in relationto the obtaining or execution of this or any other contract <strong>for</strong> the company.ORd. Obtain a contact with the company as a result of ring tendering or other non-bonafidemethod of competitive tendering.ORe. Transfer, sublets, assign the entire work or any portion thereof without the priorapproval in writing from the Engineer in charge. The DDC,DHANBAD-CUM-PROJECT DIRECTOR may be giving a written notice to cancel the whole contact orportion of it in default.The contract shall stand terminated under the following circumstances:If the contractor being an individual in the case of proprietary concern or in the case of apartnership firm any of its partners is declared insolvent under the provision of insolvencyact <strong>for</strong> the time being in <strong>for</strong>ce, or makes any conveyance or assignment of his effects orcomposition or arrangement <strong>for</strong> the benefit of his creditors amounting to proceeding <strong>for</strong>liquidation or composition under any insolvency act.ORPage 22 of 52

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