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Download NIT - Chittaranjan Locomotive Works - Indian Railway

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Page 27 of 35PART-IVCONDITIONS OF PRICE AND PAYMENT4.1 ScopeThis chapter deals with prices to be paid for supply and/or erection including testing, commissioning of variousitems of work or for supplies, and other amounts payable in accordance with accepted schedules of prices andrates and terms and conditions of payment mentioned herein.4.2 This is a composite works contract. The total prices for the completed items of work are the actual pricespayable to the Contractor as per the terms and conditions of the contract4.3 Schedule of prices.Unit pricesi) The unit prices of various items of work shall be included in the schedule of prices attached in Part-VI.ii) The unit prices quoted by the Tenderer and accepted by the purchaser shall hold good till the completion of thework and no additional individual claim will be admissible on account of fluctuation in market rates.iii) Minor changes in basic designs shall not affect the unit prices so long as such changes are mutually agreed to bythe purchaser and the Contractor.iv) All unit prices shall be inclusive of all cost of materials, labour, transportation, handling, storage, erection,testing and commissioning, taxes, duties. For material supplied by the purchaser only erection charges will bepayable for execution of work in accordance with specification and approved drawings.4.4 Unit prices for supplyi) The unit prices quoted by the Tenderer shall include the cost of material including all incidental charges like,freights, transport, loading, unloading, handling, of materials, lifting descent insurance premium, Bankerscharges for Bank Guarantee, Indemnity Bond cost of stamp etc. i.e. cost of all incidental charges ex-works tosite of workii) The unit prices stated above are also inclusive of Excise Duty and other Central and local taxes, if legalityapplicable but exclusive of octroi entry as octroi entry charges are exempted on <strong>Railway</strong> materials, necessaryexemption certificate for octroi/entry will be furnished to Contractor by the Purchaser.iii) While quoting the rates by the Tenderers the concessional rates of taxes/duties as admissible on <strong>Railway</strong>materials need to be taken into account. Necessary declaration form, if required will be furnished by thepurchaser to the Contractor.4.5 Unit prices for erectionThe prices for erection shall include costs of erection testing commissioning etc. to the extent indicated and alsocover all costs of administration of the contract. Banker/s charge for guarantee, cost of storage, loading,unloading and handling of materials. The unit prices for erection shall include cost of works or adjustmentnecessary to be done by the Contractor during or after the tests carried out by the purchaser.4.6 Payment and recovery termsSubject to any deduction or recoveries which the purchaser may be entitled to make under the contract, thepayment to the Contractor shall be governed as per the following clauses:4.7 The Contractor shall be entitled to be paid from time to time by way of “On Account” payment up to 100 %only for such works as in the opinion of the Engineer he has executed in terms of the contract. On Accountpayment will be made on satisfactory erection duly certified by Engineer’s representative not below theGazetted rank and as recorded in Measurement Book.4.8 a) On Account payment on materials will be made on the extent of 100% of the total prices of such materialincluded in the schedules. On receipt of the materials in good condition at site. All invoices shall beaccompanied by following:i) Manufacturers test certificates wherever applicableii) Inspection Certificate granted by purchaser’s representativeiii) Certificate of receipt of materials at the work site duly accepted by purchasers.Signature of the Tenderer with seal & date Page 27

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