Subject:- HIRING OF VEHICLES. - Board for Industrial & Financial ...

12. A penalty of Rs.500/- per day per vehicle may be levied if the firms fails to meet theterms & condition prescribed herein on any day. However, in case of frequentviolation of the terms & condition, the contract can be cancelled forthwith withoutany notice.13. The drivers must observe all the etiquette and protocol while performing the duty.He must be neatly dressed, should wear proper uniform & must carry a mobilephone in working condition for which no separate payment shall be made by theDepartment.14. The transport operator and driver shall be bound to carry out the instruction of theDepartment as well of the officers assigned to the vehicle.15. A daily record indicating time and mileage for each vehicle shall be maintained andthe driver is required to obtain the signatures of the concerned officers on a slip ondaily basis.16. Dedicated vehicles & drivers must be provided & changes will be allowed only inexceptional circumstances. The vehicle must be available at any time of any day asdesired by the officer concerned.17. Board for Industrial & Financial Reconstruction reserves the right to accept or rejectany or all quotations without assigning any reasons.18. This Department complies with the Hon ble High Court Order dated 13.4.2012 withregard to disclosing the reasons for rejecting / non issuing of tender.19. In the event of the award of the tender & prior to execution of the contract, thecontractor shall be required to submit copies of the Registration Certificate &comprehensive Insurance Policies of the vehicles being offered for hire &particulars with photograph of the drivers dedicated to each vehicle. He shall alsobe required to produce the vehicles in the office of the undersigned for the physicalverification/inspection.20. This contract will be effective for duration of two years from the date of signing thecontract unless terminated earlier as per clause No. 11. The contract may berenewed for a further period as mutually agreed upon, subject to satisfactoryperformance.21. An interest free refundable security deposit (performance security deposit) of5%-10% of total tender value of one year in the form of fixed deposit receipt(FDR) Bank Guarantee from any commercial Bank in Favour of DDO, BIFRshall be submitted by the contractor at the time of the award of the contract.The FDR/Bank Guarantee shall be valid for a period of 90 days beyond thedate of completion of all contractual obligations. The security deposit will berefundable without any interest on termination of the contract after deductionany penalty etc. imposed by the Department on account of unsatisfactoryservices.22. Rate quoted will be valid for a period of three years and no revision of rates will beentertained, under any circumstance.