BHARAT PETROLEUM CORPORATION LIMITED PRESS TENDER

CRFQ No. 1000182234ANNEXURE VITERMS & CONDITIONS OF AGREEMENTTERMS & CONDITIONS OF AGREEMENT FORPROCUREMENT OF SC VALVES1. MATERIAL TO BE SUPPLIED(a) The successful tenderers on whom Contract/ Purchase Order is placedshall duly supply SC Valves manufactured as per IS:8737 (latest revision)and BPCL drawing to the Corporation as per the rate and deliveryschedule specified in the Contract/ Purchase Order placed by theCorporation on the successful tenderer.(b) The successful tenderer shall ensure that the SC Valves meant for supplyto BPCL are manufactured following the quality control/inspectionprocedures prescribed by BIS & PESO and/or any written instructionsgiven by BPCL.(c) BPCL reserves the right to refuse accepting the delivery of SC Valves thathave been manufactured more than 4 months before the date of supply.(d) This is basically a rate contract and quantities are not guaranteed.However, BPCL reserves the right to increase the contract quantityup to 30% of the original contract quantity and the successfultenderer shall be bound to accept such increase in contract quantity.Any increase over and above the 130% of original contract quantity shallbe done only after obtaining written confirmation from the successfultenderer.2. SUPPLY AND PERFORMANCE GUARANTEE(a) The successful tenderer, within 10 days of placement of Letter of Intentshall agree to deposit an amount of Rs. 2 lakhs or 5% of the order value,whichever is lower, with BPCL for Supply and Performance Guarantee.This amount shall have to be deposited by way of crossed A/c Payeedemand draft drawn on any Nationalised or scheduled bank in favourof M/s. Bharat Petroleum Corporation Ltd and payable at Mumbai. Nointerest is payable by BPCL on the amount for Supply and PerformanceGuarantee so collected. Those successful tenderers desiring to convertEMD to Supply & Performance Guarantee can send a request letter for ourconsideration.(b) Supply and Performance Guarantee shall be refunded only after the expiryof the guarantee period of the SC Valves supplied by the successfultenderer. BPCL shall be entitled to deduct from this amount any loss ordamage which BPCL may be put to by reason of any act or defective SCValves, Price Reduction (PR) or any other liabilities or default recoverableby BPCL from the successful tenderer and to call upon the successfultenderer to maintain the amount at the original level by making furtherdeposits.Page 1 of 19