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

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

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<strong>RFP</strong> for Selection of System Integrator for <strong>CCTNS</strong>E-Governance Mission Mode Project: <strong>Crime</strong> & Criminals Tracking Network and Systems27. SCHEDULE VII: TERMS OF PAYMENT SCHEDULE27.1. Performance Bank GuaranteeAs required a PBG of 10% of value of the contract will be furnished by the SI in theform of a Bank Guarantee as per format provided in the <strong>RFP</strong> from Indian Public SectorBanks authorized by the Government to conduct Government transactions. The PBG isvalid for entire term of the Contract.27.2. Liquidated DamagesIn the event of the SI's failure to submit the Bonds, Guarantees and Documents andsupply the solution / equipment as per schedule specified in the <strong>RFP</strong>, SCRB may at itsdiscretion withhold any payment until the completion of the contract. SCRB may alsodeduct from the SI as agreed, liquidated damages to the sum of 0.5% of the contractprice of the delayed/undelivered services (as detailed in the <strong>RFP</strong>) for every week ofdelay or part of a week, subject to the maximum value of the Liquidated Damagesbeing not more than 10% of the value of delayed services. This right to claim anyliquidated damages shall be without prejudice to other rights and remedies availableto SCRB under the contract and law.27.3. Payment Schedules and MilestonesTotal payment to be made to SI pursuant to the Project will have XXXX (need todefine)Volume IIIContractual & Legal Specification76

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