Bharat Sanchar Nigam Limited - National Portal of India

Section 5
General (commercial) conditions of contract
1. APPLICATION:
The general conditions shall apply in contracts made by the Tendering Authority for the
services requisitioned.
2. STANDARDS:
The services under this contract shall conform to the Special conditions mentioned in
Section-IV.
3. PERFORMANCE SECURITY:
3.1 The Successful bidder shall furnish performance security to the Tendering
Authority for an amount equal to 5% of the total value of the services to be offered in
the form of Bank Guarantee within the stipulated time after the receipt of the Advance
Work order.
3.2 The proceeds of the performance security shall be payable to the Tendering authority as a
compensation for successful bidder's failure to complete its obligations under the contract or
for any loss resulting from the non performance of the contract.
3.3 The Performance Security Bond shall be in the form of a Bank Guarantee for a period of
One and half year, issued by a Scheduled Bank and in the form provided in the Bid
Document Section-7(A).
3.4 The Tendering Authority will discharge the Performance Security Bond after completion of
the Successful bidder’s performance obligations, under the contract.
4. PAYMENT TERMS:
4.1 70% payment for Hardware on delivery to the consignee. 20 % payment on
successful commissioning of the equipment. 10% after one year of satisfactory working.
4.2 70% payment of software after successful commissioning. 10% after one year of
satisfactory working.Further 10% after 2 nd year and 10% after 3 years.
4.3 For scanning work the 100% of value of the services rendered during a month will be
paid on successful completion of Scanning and uploading of documents of GSM & WLL
customers to the satisfaction of the tendering authority. For claiming this payment the
successful bidder has to submit the following documents to the paying authority:-
a) Invoice.
b) A certificate from the designated authority or in charge of the Scanning
process for the number of commercial documents.
4.4 The Income tax will be deducted from the bill amount due as per the standing rules in
vogue.
4.5 The payment for the service rendered will be made by the paying authorities
mentioned in the detailed work order to which the services rendered.
5. PRICES:
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