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

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SLNoISG BANGALOREClause8.0 ContractcompletionperiodPROJECT:2 x 660MW Coal Handling Plant Package for MejaThermal Power Project, Meja, Dist: Allahabad, UP.BHEL Requirement4) Securities available from Post Offices such as NationalSavings Certificates, Kisan Vikas Patras etc. (Certificatesshould be held in the name of Contractor furnishing thesecurity and duly pledged in favour of BHEL and dischargedon the back).5) Bank Guarantee from Scheduled Banks / Public FinancialInstitutions as defined in the Companies Act. The BankGuarantee format should have the approval of BHEL. ThisBG shall be strictly as per the prescribed format of BHELBGs of PSU Banks in addition to consortium banks are onlyacceptable. In case of BGs issued by non consortium PSUbanks, the same are to be enforceable in Bangalore.6) Fixed Deposit Receipt issued by schedule banks / PublicFinance Institutions as defined in the companies Act. TheFDA should be in the name of the contractor, A/c BHEL,duly discharged on the back.7) EMD of successful bidder shall be converted and adjustedagainst the security deposit.8) The security deposit shall not carry any interest.NOTE : Acceptance of security deposit against Sl No. 4 & 6,above will be subject to hypothecation or endorsement onthe documents in favour of BHEL. However, BHEL will notbe liable or responsible in any manner for the collection ofinterest or renewal of the documents or in any other matterconnected therewith.Security Deposit shall be refunded / Bank Guarantee(s)released to the Contractor along with the ‘Final Bill’ afterdeducting all expenses / other amounts due to BHEL underthe contract / other contracts entered into with them byBHEL.RATE OF SECURITY DEPOSIT :Upto Rs 10.00 lakhs - 10%Above Rs 10.00 lakhs upto Rs 50.00 lakhs – Rs 1.00 lakh+ 7.5% the amount exceeding Rs 10.00 lakhs.Above Rs 50.00 lakhs – Rs 4.00 lakhs + 5% of the amountexceeding Rs 50.00 lakhs.Completion of Civil & Structural Works - within 20 monthsfrom the date of LOA.CommercialTerms &ConditionsBidder’sAcceptance /RemarksEnquiry No: REV. R0 PAGE 4 of 11
SLNoISG BANGALOREClause9.0 GuaranteePeriodPROJECT:2 x 660MW Coal Handling Plant Package for MejaThermal Power Project, Meja, Dist: Allahabad, UP.BHEL RequirementNote: Sub-contractor shall strictly adhere to ‘L2’ schedule :In case of non compliance to agreed schedules / milestones,then it would be presumed that vendor / contractor is notfulfilling contractual obligations. BHEL reserves the right totake suitable action like operating “Risk & cost clause”.In case the work gets delayed and scheduled completiongets extended due to reasons not attributable to thecontractor, time extension will be granted by BHEL withoutany price implication.12 Months from the date of completion of Civil & Structuralworks under scope, as certified by BHEL Engineer.CommercialTerms &ConditionsBidder’sAcceptance /Remarks10.0 Insurance a) By the bidder for his workers, tools & tackles, workmencompensation insurance. Bidders shall also take thirdparty insurance liability @ Rs. 2 Lakhs per occurrenceand maximum of Rs.10 Lakhs.b) In the event of loss, damage or theft of the materialfrom the storage area or from the erected equipment,the bidder shall make good of the same within areasonable time. The actual cost towards such worksshall be reimbursed by BHEL to the contractor. However,all required documents are to be furnished by thecontractor to BHEL for lodging a claim on insurancecompany and also the contractor shall extend necessaryhelp in realizing the claim.11.0 Validity of theoffer90 Days from the date of the opening of the tender.In case revised price bids are sought due to revision in BOM/ scope during technical evaluation, then the revised pricebids shall also be valid for another 90 days from the reviseddue date.12.0 Risk and Cost As per the risk & cost policy, if bidder fails to render theservices, tools and tackles or failed to carry out the job intime specified under their scope, BHEL will get the job doneat the risk & cost of the bidder. The actual cost incurred forsuch jobs along with the departmental charges @ 15% willbe recovered from the contractor bills.13.0 Arbitration Subject to Bangalore jurisdiction only based on IndianArbitration Act 1996 and latest amendments if any.Enquiry No: REV. R0 PAGE 5 of 11
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PROJECT: 2 x 660MW Coal Handling Plant Package for Meja ...

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