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new delhi - Income Tax Department

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Delhi-I, Central Revenue Building, I.P. Estate, New Delhi-110002 to concerned taxcollection authorities from time to time as per extant rules and regulations on the matter.iii.iv.The Service provider shall maintain all statutory registers under the applicable laws. TheAgency shall produce the same, on demand, to the concerned authority of this Office orany other authority under Law.The <strong>Tax</strong> Deduction at Source (T.D.S.) shall be deducted as per the provisions of <strong>Income</strong><strong>Tax</strong> law, as amended from time to time and a certificate to this effect shall be provided tothe Agency by this Office.v. In case, the tendering Agency fails to comply with any statutory provision/ taxationliability under appropriate law and as a result thereof the Office is put to any loss,/obligation, monetary or otherwise, the Office will be entitled to get itself reimbursed outof the outstanding bills or the Performance Security Deposit of the Agency, to the extentof the loss or obligation in monetary terms.]D. FINANCIALi. The Technical Bid should be accompanied with an Earnest Money Deposit (EMD),refundable, of Rs.20,000/- (Rupees twenty thousand only) in the form of Demand Draft/Pay Order drawn in favour of the “Chief Commissioner of <strong>Income</strong>-tax, Delhi-I, NewDelhi” failing which the tender shall be rejected out rightly.ii.iii.iv.The EMD in respect of the Agency which does not qualify the Technical Bid (FirstStage) / Financial Bid (Second competitive stage) shall be returned to it without anyinterest. However, the EMD in respect of the successful tenderer shall be adjustedtowards the Performance Security Deposit. Further, if the Agency fails to provideservices against the initial requirement within 15 days from date of placing theorder, the EMD shall stand forfeited without giving any further notice.Bids, offering rates which are lower than the minimum wages (as applicable for the NCTof Delhi) for the pertinent category, would be rejected.The successful tenderer will have to deposit a Performance Security Deposit for a sum ofRs. 50,000 (Rupees Fifty Thousand only) at the time of placing the work order within 15days of the receipt of the formal order. The performance security will be furnished in theform of the Account Payee Demand Draft or Bank Guarantee drawn in favour of theChief Commissioner of <strong>Income</strong>-tax, Delhi-I, New Delhi or Fixed Deposit Receipt (FDR)from a scheduled Bank made in the name of Service Provider Company/ Firm/ Agencybut hypothecated to the Chief Commissioner of <strong>Income</strong> tax, Delhi-I, Central RevenueBuilding, I.P Estate, New Delhi-110002. The performance security should remain validfor a period of 60 days beyond the date of completion of all the contractual obligations of

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