A1A - EIL Tender portal
A1A - EIL Tender portal
A1A - EIL Tender portal
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BPCL-KR<br />
Job: A307<br />
1.4.2 15% after receipt of identified raw materials at Supplier‟s Works and against certification by <strong>EIL</strong> and<br />
submission of Bank Guarantee of equivalent amount valid till complete execution of Order plus<br />
Three months claim period.<br />
1.4.3 60% Payment through NEFT against receipt of materials at BPCL‟s Site. Billing Schedule to be<br />
furnished by the Supplier in case pro-rata payments are required.<br />
1.4.4 10% Payment after receipt of final documents as required in Purchase Requisition against <strong>EIL</strong>‟s<br />
certification and on submission of Performance Bank Guarantee for 10% of Total Order Value, valid<br />
till full guarantee period plus Three months claim period.<br />
1.4.5 Balance 10% Payment within 30 days of receipt of equipment at Site.<br />
1.5 Other Items (Pumps, Compressors, Switchgears, etc.)<br />
1.5.1 5% Payment on approval of all drawings atleast in CODE-2 by <strong>EIL</strong> against submission of Bank<br />
Guarantee of equivalent amount valid till complete execution of Order plus Three months claim<br />
period.<br />
1.5.2 75% Payment against receipt of materials at BPCL‟s Site. Billing Schedule to be furnished by the<br />
Supplier in case pro-rata payments are required.<br />
1.5.3 10% Payment after receipt of final documents as required in Purchase Requisition against <strong>EIL</strong>‟s<br />
certification and on submission of Performance Bank Guarantee for 10% of Total Order Value, valid<br />
till full guarantee period plus three months claim period<br />
1.5.4 Balance 10% Payment against Commissioning/Demonstration of Performance Guarantee (if<br />
applicable) or 6 months from receipt of material at Site (against Bank Guarantee of equivalent<br />
amount valid for 1 year), whichever is earlier. However, in the event of delay in conducting the<br />
Performance Guarantee Run, the Supplier is not relieved of his responsibility to carry out the same.<br />
No additional payment shall be made for visit of Supplier to Site for demonstrating the performance,<br />
if the same is included in the scope of Supplier.<br />
For items where supervision during erection, testing and commissioning is not required, the last 10%<br />
Payment shall be released within 30 days of receipt of material at Site.<br />
1.6 Payment for PGTR / Per Diem Charges for Supervision of Erection, Testing &<br />
Commissioning<br />
1.6.1 100% Payment of Invoice Amount shall be paid on completion of supervision services / PGTR<br />
against submission of Invoice along with Time Sheet duly certified by <strong>EIL</strong>/BPCL Site-In-Charge.<br />
Payment shall be made after deducting Income Tax at applicable rate. Service Tax, if any, shall be<br />
paid on submission of Service Tax Invoice.<br />
1.6.2 Where erection/commissioning supervision, commissioning assistance is required from the vendor,<br />
penalty for non mobilization/delay in mobilization as per order shall also be specified in the<br />
specifications. The penalty shall generally be 1.5 times the per diem rate for each day of delay of<br />
reporting to site and shall be in addition to price reduction for delayed delivery.<br />
1.6.3 Wherever supervision is in the scope of MR, bidders shall provide additional BG of an amount equal<br />
to the per diem charges for the number of days considered for evaluation over and above 10%<br />
PBG to cover compensation for delay in mobilising the erection/ commissioning personnel. This BG<br />
will be released to the bidder upon the erection/ commissioning personnel reporting at site. This BG<br />
shall be furnished along with payment milestone for submission of final documentation as per PR<br />
and shall be valid up to six months which shall be extended based on the request by BPCL. (In case<br />
where commissioning, Performance Guarantee Test, etc. are required and the 10% is under hold,<br />
this condition shall not be applicable).<br />
1.7 Transportation charges conjunction<br />
1.7.1 100% Payment within 4 weeks after receipt of materials at site.<br />
1.8 General<br />
1.8.1 Excise Duty, Service Tax & VAT on Supplies shall be released only on receipt of Cenvatable/<br />
Vatable copy of corresponding Invoice enabling availing of Input Credit by BPCL.<br />
1.8.2 No initial advance payment along with Order shall be made by the Owner against Supplies as well<br />
as Services (i.e. Transportation, Erection, Site Work, etc.). If a Supplier insists on the same, their<br />
Offer shall be rejected.<br />
1.8.3 Bank Guarantee(s) shall be issued through Scheduled Commercial Bank in India/ Indian Branch of<br />
Foreign Bank, directly to BPCL as per the Pro-forma enclosed with RFQ documents and Supplier<br />
shall also enclose copy of the same along with Invoice.<br />
A307_SIB Rev.5 dtd: 20.06.2013 Page 4 of 21<br />
Page 23 of 291