EXPRESSION OF INTEREST - Vizag Steel

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EOI for End to End Solutions T&S/10/003questions / claims / disputes / differences referred to him for Arbitration and his decision shall be finaland binding on both parties. The venue of Arbitration shall be the registered office premises of theVisakhapatnam <strong>Steel</strong> Plant, Visakhapatnam.The provisions of the Indian Arbitration and Conciliation Act, 1996 and the rules thereunder and allstatutory modifications thereof shall govern such arbitration proceedings and shall be deemed toapply to and be incorporated under this Contract.10.0 FORCE MAJEURE:10.1 The COMPANY and the CONTRACTOR shall not be in any way liable for non-performance either inwhole or part of the Contract or for delay in performance thereof in consequences of any strike,lockout, fire or accidents to machinery, riots/war or insurrection or restraints imposed byGovernment, act of Legislature of Port Trust, Railways , Customs Authorities.On the occurrence of the Force Majeure condition, the party concerned shall notify the other partyin writing of such occurrence as soon as possible but within 48 hours of the occurrence statingtherein:a) The date of commencement of such Force Majeure disability;b) The anticipated duration of such Force Majeure disability (if such duration can beestimated) andc) The nature of such Force Majeure disability. The disabled party and the remaining partyshall employ all reasonable means to reduce the consequences of such Force Majeureand shall employ all reasonable means to terminate the same.------------*-------------Page 34 of 42
EOI for End to End Solutions T&S/10/003INTEGRITY PACTRashtriya Ispat Nigam Limited (RINL) hereinafter referred to as “The Principal”,And………………………………………………………………………………………………. hereinafter referred to as “TheBidder/Contractor”PreambleThe Principal intends to award, under laid down organizational procedures, a contractfor (nature of contract, in brief). The Principal values full compliance with all relevantlaws of the land, rules, regulations, economic use of resources, and offairness/transparency in its relations with its Bidder(s) and /or Contractor(s).The Principal will nominate Independent External Monitor(IEM) by name, from the panelof IEMs, at the tender stage, for monitoring the tender process and the execution ofthe contract in order to ensure compliance with the Integrity Pact by all the partiesconcerned.Section 1 – Commitments of the Principal:(1) The Principal commits itself to take all measures necessary to prevent corruption and toobserve the following principles:-a. No employee of the Principal, personally or through family members, will in connectionwith the tender or the execution of a contract, demand/take a promise/accept for selfor for third person, any material or non material benefit which the person is not legallyentitled to.b. The Principal will, during the tender process treat all Bidders with equity and reason.The Principal will in particular, before and during the tender process,provide to allBidders the same information and will not provide to any Bidder confidential/additionalinformation through which the Bidder(s) could obtain an advantage in relation to thetender process or the contract execution.c. The Principal will exclude from the process all known prejudiced persons.(2) If the Principal obtains information on the conduct of any of its employees which is acriminal offence under the PC Act/ applicable law, or if there be a substantive suspicionin this regard, the Principal will inform the Chief Vigilance Officer of RINL and in additioncan initiate disciplinary action.Page 35 of 42
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EXPRESSION OF INTEREST - Vizag Steel

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