T000003547_FileName_BHILAI FO Tender ... - Bharat Petroleum

should carry the necessary authorization to attend such negotiations and to hand over anauthenticated copy of the same to BPCL’s representative/s participating in negotiations.2) Originals of the documents submitted as copies and the documentation to substantiatestatements made in the tender document are to be produced for verification by the BPCLduring negotiations or at any other time at the discretion of BPCL.4.5 SECURITY DEPOSIT (SD):1) Successful tenderers will be required to furnish SD within 7 (Seven) days of issuance ofLOI/ Work Order.2) The security deposit shall be Rs.1, 00,000/- (Rs. One Lakh) per tank-lorry included inthe contract, subject to maximum of Rs.5, 00, 00/- (Rs. Five Lakhs), which shall bepayable in the form of Demand Draft drawn on any Scheduled Bank in favour of BharatPetroleum Corporation Ltd. and balance amount may be deposited in the form of BankGuarantee strictly in the specified Proforma, valid for a period of 6 (six) months beyondthe tenure of contract.3) Adjustment of EMD towards SD is permissible for the portion of SD payable by DD.Cash receipts for SD paid by DD will be issued by BPCL.4) Interest is not payable on SD.5) Any loss/ claim and/ or damage arising out of the performance of the contract would beadjustable against the SD. Any loss/ claims/ damages higher than SD will be recoveredfrom payments due to the Transporter under this contract or deposits made by orpayments due to the Transporter under any other contract with BPCL.6) Security deposit would be refunded after six months of expiry of the contract on writtenrequest from the Transporter and with surrendering of the original cash receipt, subject tofulfilling all terms and conditions of the contract. In the event of loss/ misplacement of thecash receipt of the SD, the refund would be made only after the transporter furnishes anIndemnity Bond in the prescribed proforma, on non-judicial stamp paper of appropriatevalue (at transporter’s cost), duly notarized.7) Successful tenderer will be entrusted with transportation work only after signing ofAgreement and payment of Security Deposit amount.4.6 CONTRACT PERIOD:Unless otherwise specified or agreed to, the contract shall be awarded for 2 (two) yearswith option for extension up to 1 (one) more year at the sole discretion of BPCL at thesame rates, terms and conditions.4.7 EXECUTION OF AGREEMENT:1) Successful tenderer/s will be required, before undertaking the contract, to execute theAgreement, within 7 (Seven) days of the date of issue of the LOI and should physicallyplace the trucks at the location as per call ups given by BPCL.2) Tenderers are advised to carefully scrutinize the specimen set of Agreements andForms attached with tender documents / downloaded from our website before submittingtheir tender.T E N D E R N O . B P C / I & C / W R / 0 2 / F O / 2 0 1 2 Page 12