CI&C(II)MMKA/36/2013/23 - Invest in Assam

General Conditions of Contract1. Validity of Offer :(a) The offer shall remain valid for a period of 1 (One) year from the date ofopening of Price Bid.2. Execution of work :(a)The successful bidder will have to sign a “Deed of Agreement” with the“Commissioner of Industries & Commerce, Assam or his representative”,within 7 (Seven) days from the date of issue of the supply order.(b) If the successful bidder fails to deposit the Performance Security and execute(c)the Deed of Agreement within the stipulated time, the bid security depositedshall be forfeited.The supply order will have to be carried out and completed within 3 (Three)months from the date of signing of the Deed of Agreement, failing which, thesupplier shall be liable to pay “Defaulter Charge” @ 1% of the total Workvalue per month for the period of delay.(d) The Yarn must be supplied in 10 (Ten) kg firm packet wrapped in polithene.The total quantity per district should then be supplied in 100 kgs bulkpackaging.3. Completion Certificate and payment :(a) Supply of Yarn shall be deemed to have been completed in all respect on theday General Manager, DI&CC certify that the Yarn has been received in goodcondition.(b) After completion of the supply, the Supplier shall submit bills in duplicateindicating all deductions, to the Commissioner of Industries & Commerce,Assam for payment.Page | 8