Pipelaying Tender-VOL I - WorleyParsons.com

and the Order at their own cost with the Reserve Bank of India, Income Tax, Sales Tax and suchother statutory authorities, as may be required under the rules and regulations governing in India.The Order Price shall be deemed to include all costs towards the same. A copy of all documentsrelated to all such registration shall be submitted to Employer/Consultant for record.29.0 COMPOSITE PERFORMANCE BANK GUARANTEE (CPBG)In case contractor opts for submission of Contract Performance Bank Guarantee in line withclause no. 4 (b) of GTC29.1 In the event completion of works is delayed beyond the Scheduled Completion date for anyreasons whatsoever, the Contractor shall get the validity of the guarantee suitably extended tocover the period mentioned above.29.2 The Owner shall have an unqualified option under this guarantee to invoke the Banker'sGuarantee and claim the amount there under in the event of the Contractor failing to honour anyof the commitments entered into under this Order and/or in respect of any amount due from theContractor to the Owner.29.3 Upon completion of the Works as per Completion Schedule stipulated in the Order, the abovesaid guarantee shall be considered to constitute the Contractor's warranty/guarantee for the workdone by him or for the Works supplied and their performance as per the specifications and anyother conditions against this Order. The warranty/guarantee shall remain in force for 12 monthsfrom the date of Completion.29.4 The following shall be appended to clause no. 4.b of GTCThe Bank guarantees towards Security Deposit as well as Performance shall be held interest freeand no bank charges shall be payable by Owner / Consultant towards the Bank guaranteessubmitted by the bidders.29.5 The Release of CPBG shall be subject to clearances of dues to Sub-vendor.30.0 SUBSEQUENT LEGISLATIONAll duties, taxes (including sales tax on works Order/ trade tax/ turnover tax/service tax asapplicable), fees, charges, expenses, etc. (except where otherwise expressly provided in theOrder) as may be levied/ imposed in consequence of execution of the works or in relation theretoor in connection therewith as per the Acts, Laws, Rules, Regulations in force shall be toContractor's account.31.0 IMPORT LICENCEContractor shall arrange import of all materials required for permanent incorporation in the worksas well as construction equipment as per the guidelines laid down by the Government of India.MH2145-C000-PS-RFQ-0020Page 131 of 334