Page 1 of 33 BRANCH SALES OFFICE – KANPUR 16 ... - Vizag Steel

to the stockyard conditions. The infrastructure facilities if not existing at the time oftendering, shall be developed within 4 (four) months from the date of Letter of Acceptanceissued by Company. The supplies to the CSA shall commence at the discretion of theCompany only after the infrastructural facilities are provided by the CSA and certified bythe Engineer Incharge after inspection of the yard.2.2 The CSA shall also provide handling / transportation equipment (own / hired) including butnot limited to mobile cranes capable of handling heavy consignments of Iron and Steelmaterials, requisite number of trucks / trailors and requisite labour.2.3 The supplies to the CSA shall commence at the discretion of the Company only after theCSA submits copy of PF registration and ESI code number (if applicable in the state).(Copy of Application or Acknowledgement for the application of PF Registration from PFAuthorities is not acceptable).Exemption will not be given from submission of PFRegistration Certificate on any grounds as RINL/VSP is a covered Establishment underEPF and MP Act,1952.3.1 The CSA shall deposit a sum of Rs. 5, 00,000/-(Rupees Five lakhs only) in the form ofBank Guarantee as Security Deposit for due fulfilment of the contract.3.2 The CSA shall also submit a Bank Guarantee of Rs. 30,00,000/- (Rupees thirty lakhs only)as security against the material despatched to him. However, the Company may require theCSA to increase the value of Bank Guarantee without any extra implication to theCompany during operation of the contract depending on the sales. The despatches to theCSA from Plant or Branches shall be regulated in such a manner that the total valueincluding sales tax liability of the material with the CSA and that in the transit and theoutstanding from him on account of sales proceeds does not exceed the value of this BGfurnished by him. Wherever the Branch gives clearance for delivery of material on creditterms, the outstanding from customer need not be covered by the BG of CSA. The value ofsuch material delivered on credit terms need be covered by the BG of CSA until proof ofdelivery to the customer is submitted by the CSA.3.3 These Bank Guarantees shall be submitted in the format at Annexure-I issued by aScheduled Bank (excluding Co-operative Banks) within 15 (fifteen) days from the date ofacceptance of offer by the Company. The Bank Guarantees shall be submitted initiallyvalid for a period of one year beyond the date of the expiry of the contract. The CSA shallrenew the BG whenever required atleast 1 month ahead of the date of expiry. Material shallbe despatched only after submission of both the Bank Guarantees by CSA. The amountsdeposited for due fulfilment of contract or for security against the material shall not carryany interest.4.1 The Company may at it’s sole discretion ask the CSA to service certain orders entered intodirectly by RINL/VSP. In such cases, the remuneration payable shall be paid under aseparate item provided in the Schedule of Rates for such services.4.2 The Company may at its sole discretion ask the CSA to lift the materials directly from theStockyard of controlling Branch (name of the Branch) and transport the materials to CSA-Stockyard. In such cases, the remuneration payable shall be paid under a separate itemprovided in the Schedule of Rates for such services. The total value of these materials willbe covered under the BG submitted by CSA. The transit time allowed for thesePage 18 of 33