U6509-3104 ABM Fire Fighting Package Tender ... - Bharat Petroleum

BHARAT PETROLEUM CORPORATION LTD Annexure 1 to Special Conditions of Contract CCR PROJECT ,
MAHUAL REFINERY- MUMBAI For Fire Fighting Package
Annexure 1 to Special Conditions of Contract
PAYMENT TERMS
Sheet 1 of 2
a) After receipt of order successful bidder shall furnish billing schedule for UIPL/BPCL approval with a
split of lump sum order price in to Engineering, Procurement & Manufacturing / Supply, Construction
and Performance Test Run. The split of total lump sum price shall not exceed 10% for Engineering,
20% for Procurement & Manufacturing / Supply, 60% for Construction and 10% for Performance
Test Run.
b) Payments shall be released to Contractor based on the milestones as detailed below,
For Engineering:
� 10% against submission of major drawings (to be intimated during Kick off meeting) to UIPL for
comments & approval and against submission of BG of equivalent amount valid till completion of
engineering plus 3 months. These documents shall be submitted to UIPL for approval / comment
within one month of LOI.
� 80% against approval of major documents/drawings in Code 2 and against submission of BG of
equivalent amount valid till completion of engineering plus 3 months.
� 10% against final approval of major documents/ drawings and against submission of BG of
equivalent amount valid till contract duration plus 3 months.
For Supply:
� 10% against submission of enquiry specifications / data sheets of major equipments (to be
intimated during Kick off meeting) and comment by UIPL and against submission of BG of
equivalent amount valid till completion of supplies plus 3 months. These documents shall be
submitted to UIPL for approval / comment within three months of FOA
� 10% against placement of major orders on pro-rata basis and against submission of BG of
equivalent amount valid till completion of supplies plus 3 months.
� 60% against dispatch documents on pro-rata basis and against submission of BG of equivalent
amount valid till completion of supplies plus 3 months.
� 10% against delivery of equipments at site on pro-rata basis.
� 5% against mechanical completion
� 5% against completion of contract and submission of all test certificate, performance bank
guarantee, plant completion certificate.
For Construction at site:
� 10% against mobilization (Manpower and machines as per mutual agreement) at site and against
submission of BG of equivalent amount valid till completion of contract plus 3 months.
� 70% on pro-rata basis against progress of work
� 5% against mechanical completion
� 5% against commissioning of Fire fighting system.
� 10% after successful Performance Run Test, and submission of all test certificate, performance
bank guarantee, plant completion certificate.
c) 10 % of the value of each bill will be deducted towards Security Deposit amount. Alternatively, no
deduction will be made from the bills against the security deposit provided the contractor may, at his
option within 10 days of receipt of LOI/FOI, deposit the full amount of 10 % of value of the order
towards the security deposit in the form of demand draft of schedule Bank duly endorsed in favour of
BPCL or through Bank Guarantee from schedule Bank in the form prescribed, valid till defect liability
period.
d) Service tax, Education cess and VAT shall be payable extra as actual against copy of invoice in
triplicate indicating Service Tax and VAT registration number and category of service. All the
invoices raised shall be "Tax Invoice" and shall be in the manner set out under Section 86 of the Act,
so as to ensure that Input Tax Credit could be availed by BPCL on payments to the Contractor.