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

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

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23. In case the tenders are invited for more than one location, tenders for each location has tobe separately submitted in separate sealed envelopes superscribing the name <strong>of</strong> the locationon it, alongwith separate EMD.24. RINL/VSP reserves the right to accept / reject any or all tenders either in part or in full orsplit up and award the work to more than one agency without assigning any reasons there<strong>of</strong>and without any liability to Rashtriya Ispat Nigam Limited.25. RINL/VSP reserves the right to negotiate with the Central Government Departments/Central Public Sector Undertakings / Enterprises with a view to match their price with thelowest tender and award the work, as per the guidelines issued from time to time byGovernment <strong>of</strong> India.26. The company requires that bidders/suppliers/contractors under this contract observe thehighest standard <strong>of</strong> ethics during the execution <strong>of</strong> this contract. In pursuance <strong>of</strong> this policy,the company defines, for purpose <strong>of</strong> these provisions, the terms set forth below as follows.“Corrupt practise” means the <strong>of</strong>fering, giving, receiving or soliciting <strong>of</strong> any thing <strong>of</strong> valueto influence the action <strong>of</strong> a Public Official in contract execution and ‘fraudulent practise’means a misrepresentation <strong>of</strong> facts in order to influence the execution <strong>of</strong> a contract to thedetriment <strong>of</strong> the Employer and includes collusive practise among bidders (prior to or afterbid submission) designed to establish bid prices at artificial non competitive levels and todeprive the company <strong>of</strong> the benefits <strong>of</strong> free and open competition. The company will rejecta proposal for award <strong>of</strong> work if it determines that the bidder recommended for award hadengaged in corrupt or fraudulent practise in competing for the tender in question. Thecompany will declare a bidder ineligible, either indefinitely or for a stated period <strong>of</strong> time, tobe awarded contract/contracts if it any time determines that the bidder has engaged incorrupt or fraudulent practises in competing for, or in executing the contract.<strong>Page</strong> 9 <strong>of</strong> <strong>33</strong>

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