idcol ferro chrome & alloys limited, jajpur road - Tender

1020. The period of contract shall be for 1(one) year counted from the issue of Letter ofIntent / Work Order. The management may extend the period of contract foranother 30 days on mutual written consent at the same rate, terms and conditions.21. Price Variation:i) The basic price of the material shall remain firm till validity of the contractii)iii)and not subject to any escalation.Escalation/de-escalation in the transportation charge per MT is allowed onaccount of the variation in the price of HSD referred to Indian OilCorporation Ltd’s retail sales point at Jajpur Road, Odisha as per thefollowing formula.The present price of HSD prevailing as on publication of tender at IndianOil Corporation Ltd’s retail outlet situated at Jajpur Road is ` 51.19 per ltr.For a variation to the extent of X% in the price of HSD as compared to theprevailing price of ` 51.19 per ltr, the transportation charge would vary by0.4X%.However, statutory variation in taxes, duties, levies during contractualdelivery period may be considered against documentary evidence.22. All the taxes such as Income Tax or any other statutory deductions imposed duringthe contract period shall be deducted at source from the transporter’s bill.However, the Service Tax shall be paid extra.23. Bidders are to quote their rate as detailed in PRICE BID attached herewith. Therequired rate for transportation of coke from IKIWL, Barbil to IDCOL FerroChrome & Alloys Ltd be quoted in Indian Rupees ( ` ) both in figure and word permetric ton basis. The quoted rate should be inclusive of all taxes, duties, toll gatecharges, other expenses if any etc.The rate should be quoted considering the diesel price per ltr prevailing at the retailsales point of M/s Indian Oil Corporation Ltd, Jajpur Road as on date of tender.24. The transporter shall raise their bill in triplicate once in a month. Each bill of theSL.No.transporter shall be chronologically numbered with date of billing, truck No.,challan No. and date, quantity loaded at IKIWL, Barbil, quantity unloaded atIFCAL unloaded date, tolerance allowed, percentage of shortfall of the material,excess shortage as per the format given below, rate per metric ton and total billamount both in figure and words. Payment will be released after verification of billwithin 15 days.DateChallanNo /T.P No.TruckNo.Qty.Loadedat IKIWLQty.Unloadedat IFCALUnloadingDateToleranceallowedExcessShortageSignature of the Tenderer