UDYOG BANDHU

8. PENALTY FOR DEFAULT IN SERVICESIf the progress of assignment is found non-satisfactory or delayed at any point oftime, UDYOG BANDHU reserves the right to impose penalty, cancel the order,invoke the performance guarantee and forfeit the earnest money. The amount ofpenalty shall not exceed 25% of total assignment of fee9. TEAM COMPOSITIONThe bidder must have a team of professionals having at least 2 dedicated personsexclusively for the assignment (Annexure-2 (i)). Each having three years Experiencein consultancy and having conducted atleast one assignment for housing/industrialdevelopment authority of the state/central govt. Any change in the said compositionwould require prior permission of Udyog Bandhu.BIDDING PROCESS1. SUBMISSION OF BIDSi. The bids shall be submitted in TWO separate sealed covers in two copiesmarked as 'ORIGINAL' and 'COPY'.ii. The Technical Bid shall be placed in one sealed envelope clearly marking"Technical Bid".iii. Similarly, the Financial Bid shall be placed in separate sealed envelopeclearly marking it as "Financial Bid".iv. Both the bids shall be placed in a 3 rd sealed envelope clearly marked as"Selection of Consultant for framing a policy for allotment of IndustrialLand in Uttar Pradesh”.v. The original and all copies of the Bid Document shall be signed by aperson duly authorized. The person signing the Bid Document shall initialall pages of the Bid Document.vi. Any interlineations, erasures, alterations, additions or overwriting shall bevalid only if the person or persons signing the bid have authenticated thesame with signature/initial.vii. If the envelope of Technical OR Financial Bid is not properly sealed andmarked as required, UDYOG BANDHU will assume no responsibility forthe Bid’s misplacement or premature opening.29th May, 2013 Page 14