Odisha - CCTNS - RFP - VOL - National Crime Records Bureau

RFP for Selection of System Integrator of CCTNS4. ARTICLE 4: Payment Terms4.1. Terms of Payment(a) In consideration of the Project and subject to the provisions of this Contract, the BUYERshall pay SI, in accordance with the Schedule VII to this Contract.(b)(c)(d)BUYER shall release the payment to SI only if SI is able to achieve the Service Levels asspecified in Schedule II of this Contract. In case SI is unable to achieve the ServiceLevels within the time lines specified in Schedule II of this Contract, the BUYER shall beentitled to charge penalties as specified in the said Schedule.Except as otherwise provided for herein or as agreed between the Parties in writing, theBUYER shall not be required to make any payments in respect of the services other thanthose covered by the terms of payment as stated in the Schedule VII read along withSchedule II of this Contract.The BUYER is entitled to deduct following sums from the payments to be made to SI inpursuant to this Contract :-(i) Penalties: If SI fails to meet Minimum Service Levels, as measured on a half-yearlybasis, for a particular Service Level, the BUYER shall deduct the amount ofpenalties related to the severity of violation, calculated as per Schedule II of thisContract.(ii) The BUYER can also calculate a financial sum and deduct the same from thepayment to be made to the SI, as a result of the failure of the SI to meet theMilestones within the time limits prescribed under the Contract.4.2. Invoicing and SettlementIn respect of its remuneration for the Project, the SI shall be eligible to receive payments inaccordance with the Schedule VII read along with Schedule II of this Contract.(a)(b)(c)The BUYER shall be invoiced by the SI within 30 (Thirty) days of achieving respectivePayment Milestones for the Project. Unless otherwise agreed in writing between theParties or expressly set out in the Contract, the SI shall raise an invoice as per the termsof payment as stated in Schedule VII.The invoices will be accepted by the BUYER for payment only after the SCRB or thedesignated representative of the SCRB has issued an acceptance certificate that therespective Payment Milestones and the Deliverables of those milestones are accepted.Any invoice presented in accordance with this Article shall be in a form agreed inadvance by the BUYER.(d)Volume IIIIn case of delay of more than 180 (One hundred and eighty) days in raising an invoice bythe SI, the BUYER may not pay the SI for that part of the Services.Contractual and Legal Specifications23