Download File (PDF 141 KB) - lbsnaa

4.3 No enquiry shall be made by the bidder(s) during the course of evaluation of thetender, till final decision is conveyed to the successful bidder(s). However, theLBSNAA can make any enquiry/seek clarification from the bidders. In such asituation, the agency shall extend full co-operation.5. Empanelment :5.1 The decision of LBSNAA arrived at as per above will be final and representationof any kind shall not be entertained on the above.5.2 Work order will be placed on the finally selected vendor(s).5.3 In case the successful vendor found in-breach of any condition(s) of tender , atany stage during the course of contract period, the legal action as per rules/laws,shall be initiated against the vendor and Performance security shall be forfeited,besides debarring & Black listing the vendor concerned for at least 5 (five) years,for further dealing in Govt. departments.5.4 LBSNAA reserves the right to accept/reject any bid, to cancel/abort the tenderprocess and/or reject all bids at any time prior to award of Contract, withoutthereby incurring any liability to the affected agencies, of any obligation to informthe affected agencies on the grounds of such action taken by LBSNAA.5.5 No deviations from these terms and conditions will be accepted; violation thereofwill lead to rejection of the bid and forfeiture of EMD.B-8: TENDER ACCEPTANCE & REJECTION1. Director, LBSNAA, reserves the right to reject any part or whole of the Tender withoutassigning any reason whatsoever.2. Director, LBSNAA is not bound to accept the lowest tender.3. Letter of Intent will be issued to the successful vendor after evaluation of theTechnical and commercial tenders. The firm work order will only be issued after thevendor submits the Performance Guarantee in the form of bank guarantee andagreement within stipulated period.B-9: SIGNING OF CONTRACTAt the same time as LBSNAA notifies the successful Bidder that its bid has beenaccepted, LBSNAA will send the Bidder the contract agreement incorporating allagreements between the parties on non-judicial stamp.B-10: PERFORMANCE SECURITY1. The successful bidder should furnish performance security to LBSNAA for an amountof 5% of the contract value valid for 60 days after completion of contract obligation inaccordance with the conditions of contract in the Security Deposit Form prescribed byLBSNAA (Annexure enclosed) or another form acceptable to LBSNAA in the form ofbank guarantee, FDR, valid for 60 days after completion of contract obligation.2. In the event of satisfactory performance, the unclaimed Bank Guarantee for thispurpose, will lapse automatically.3. The Security Deposit will not carry any interest.4. Work order will be placed after receipt of Performance Guarantee and signing of theAgreement.5. Security Deposit will be refunded within 15 days after submission of the performanceguarantee by the tenderer.6. Performance guarantee will be forfeited for unsatisfactory service andnoncompliance of any clause of the contract.7