1 Multi Commodity Exchange of India Ltd. - MCX

More documents

Recommendations

Info

GENERAL CONDITIONS OF TENDER ENQUIRY1. The tender (in English language only) for supply, installation, commissioning andmaintenance of LED Price Display Boards, be submitted along with detailed specifications. Atechnical leaflet/brochure/literature is also required to be enclosed along with list of namesof offices/users to whom similar types of LED Price Display Boards have been supplied inIndia.2. The tenderer may please note that the tender once submitted will not be altered in anycase and should not have any scope of ambiguity, cutting or overwriting. In case ofoverwriting/cutting if any, it must be authenticated with signature of the tenderer.3. No quotation will be considered which is received after the DUE DATE that is the lastdate and time for receiving the tenders.4. This is an ENQUIRY and must not be treated as an ORDER.5. Any order resulting from this enquiry shall be governed by the following terms andconditions in addition to those mentioned in the order.6. Where counter terms and conditions have been offered by the supplier, the purchasershall not be governed by them unless specific acceptance has been given in writing in theorder by the purchaser.7. MCX has the right to reject any or all the tenders received in part or full, withoutassigning of any reason thereof.8. MCX has the right to cancel the enquiry or extend the due date of receipt of quotationwithout assigning any reason thereof.9. Late/Delayed offers will be rejected.10. FORCE MAJEURE CLAUSE: Neither MCX (the purchaser) nor the supplier shall be heldresponsible or considered to be in default if the execution of the contract isdelayed/interrupted due to the cause absolutely beyond their control, such as, acts of God,natural calamities, war, non-availability of the above materials, major civil commotion, fire,storms, strikes and floods. However, only these causes which continue uninterruptedly formore than 7 days are considered as being causes or force majeure. In such an event,either party shall not compensate the other for the loss that might accrue or might haveaccrued because of the effect of such event upon the execution of the contract. If thesupplier is unable to perform the contract beyond 7 days due to the reasons attributable toforce majeure conditions, MCX reserves the right to make immediate arrangements forengaging another supplier(s) for the same work without being liable to the original supplier.11. ARBITRATION: All question(s), dispute(s) or difference(s) of any kind whatsoeverarising out of, or relating to the contract shall be referred within 30 days by the parties tothe contract for decision to sole arbitrator, who shall be the Managing Director of MCX orany other Officer of MCX nominated by the said Managing Director in that behalf. In theevent of such an arbitrator to whom the matter is originally referred, is transferred orvacates his office by resignation or otherwise or refuses to act or is incapable of acting forany reasons whatsoever the Managing Director shall appoint another person(s) to act asarbitrator in his place in accordance with the terms of the contract. Such person(s) shall beentitled to proceed from the stage at which his predecessor left it.There will be no objection to any such appointment that the arbitrator appointed is anOfficer of MCX or that he had hand to deal with the matter to which his contract related or14
that in the course of his duty as such Officer he has expressed views on all or any of thematters in dispute or difference. No person other than the Managing Director or hisnominee can act as arbitrator.The venue of arbitration shall be at Mumbai only. The award of the arbitrator shall be finaland binding on the parties.Subject to the above, the provision of Arbitration and Conciliation Act, 1996 and the rulesthere under and the statutory modifications thereof shall govern such arbitrationproceedings and shall be deemed to apply and be incorporated in the contract.Any dispute, if it arises at any point of time out of arbitration, shall have jurisdiction of theCourt of Mumbai, Maharashtra.12. APPLICABLE LAWS: The Indian laws will be applicable in all matters.13. JURISDICTION OF THE COURT: Only the Court at Mumbai, Maharashtra havingoriginal jurisdiction to entertain suit shall have jurisdiction to receive and decide anyapplication/applications under the Arbitration and Conciliation Act, 1996 and no other courtshall have any jurisdiction whatsoever.14. The successful bidder is required to deposit the amount of Security Deposit or BankGuarantee (BG) in lieu of the said Security Deposit, as per Annexure IV from a scheduledcommercial bank, within 7 days of receipt of communication regarding award of the work.The Earnest Money deposited will be adjusted towards the said security deposit or refundedin case of production of BG in lieu of Security Deposit. The successful bidder is also requiredto submit stamped undertaking as per Annexure III. Failure to comply with the aboveterms within the prescribed time of seven days would result in cancellation of the award ofthe contract and forfeiture of the EMD.15
Page 1 and 2: Multi Commodity Exchange of India L
Page 3 and 4: TENDERING SYSTEM:The tenders/bids a
Page 5 and 6: Board Firmware functioning properly
Page 7 and 8: e put in place and MIS reports shou
Page 9 and 10: 3. GENERAL SPECIFICATIONa. Software
Page 11 and 12: SPECIAL FINANCIAL/COMMERCIAL CONDIT
Page 13: The amount towards EMD is required
Page 17 and 18: 7. Details of GPRS solution :8. Man
Page 19 and 20: ANNEXURE-IIIACCEPTANCE OF TERMS AND
Page 21: efore any officer, tribunal or cour

1 Multi Commodity Exchange of India Ltd. - MCX

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?