PROJECT: 2 x 660MW Coal Handling Plant Package for Meja ...

SLNoISG BANGALOREClause4.0 Mode ofPayment5.0 LiquidatedDamages fordelay incompletion ofworks6.0 EarnestMoneyDeposit7.0 SecurityDepositPROJECT:2 x 660MW Coal Handling Plant Package for MejaThermal Power Project, Meja, Dist: Allahabad, UP.BHEL Requirement2) 5% of contract value against completion of all activitiesand submission of final RAB along with the followingdocuments:a) proof of wages paid in fullb) No claim certificatec) Questionnaire signed by BHEL Engineer In-charged) ESI & EPF paid in full duly certified by BHEL EngineerIn-chargee) Any other document as required by BHEL Engineer Incharge3) 5% of the contract price on expiry of Guarantee period.Payment shall be released by EFT (Electronic Fund Transfer)from Bangalore office only.0.5% of the total contract value per week of delay or partthereof from the date of completion of civil & structuralworks ( as per Clause no. 8 ), limited to 10% of the totalcontract value.An amount of Rs 2,00,000/- only as Earnest Money Deposit(EMD) shall be deposited in the form of demand draft onlyin favour of BHEL/ISG in a separate cover along with theoffer.In case EMD is not enclosed, the offer will be rejected.EMD by the bidder will be forfeited if :- After opening of the tender the bidder revokes his tenderwithin the validity period or increases his earlier quotedrates.- The bidder does not commences the work within theperiod as per the LOA / Contract.- EMD given by all unsuccessful bidders shall be refundednormally within 15 days of award of Work to the successfulbidder.EMD shall not carry any interest.Security deposit shall be furnished by the contractor beforecommencement of the work, in any of the following forms :1) Cash (As permissible under the income tax act)2) Pay Order, Demand Draft in favour of BHEL.3) Local cheques of local banks, subject to realization.CommercialTerms &ConditionsBidder’sAcceptance /RemarksEnquiry No: REV. R0 PAGE 3 of 11