Common use of Contractor sign Clause in Contracts

Contractor sign. No Of Correction Executive Engineer If the rates quoted by bidder in tender are below 1% to 10% of the amount put to Tender, then the bidder must have to provide 1% additional performance security deposit in the form of Demand Draft / Bank Guarantee towards Performance Security as below. The bidder shall upload scanned copy of such Demand Draft / Bank Guarantee in envelope No 2 If the rates quoted by bidder in tender are below more than 10% of the amount put to Tender, then in addition to the Security Deposit mentioned vide Sr, no2, the bidder must have to provide additional deposit in the form of Demand Draft / Bank Guarantee towards Performance Security as belowFor quoted rates below more than 10% : 1% + the % exceeding 10% of the amount put to Tender (e.g. if the rate quoted is 14% below, TheDemand Draft / Bank Guarantees shall be of (1%+14%-10%) that is 1% + 4% = 5% of the amount put to Tender.) Guidelines for submission and refund etc. of additional Performance Security Deposit: The Demand Draft / Bank Guarantee shall be issued in the name of “Executive Engineer, Thane Electrical Division, P.W.D. Thane” TheDemand Draft / Bank Guarantee shall be issued from Nationalized or Scheduled Bank The bidder shall upload scanned copy of such Demand Draft / Bank Guarantee in envelope No 2 of the e-Tender. The validity of Demand Draft / Bank Guarantee shall be remained up to Defect Liability period of the site work. The Demand Draft / Original Bank Guarantee shall be submitted with Hard copy of bid document as per corriegendum circuler of Government of Maharashtra Public Works Deptt, Mantralaya, Mumbai corriegendum circuler No CAT/2017/Pra.Kra.08/Building-2 dt 29.06.2017 , to the office of Executive Engineer, Thane Electrical Division, ▇.▇.▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇-▇▇▇▇▇▇ ▇▇▇▇▇▇ the period of 3 working days ( 72 Hours ) after Last Date of submission of the Tender in the sealed envelope mentioning Name of Work and Tender Notice Number In case of shortfalls in compliance of documents in the Envelope No 1 theDemand Draft / Bank Guarantee will be returned to the Bidder within 7 working days from the date of opening of Tender. After compliance of documents in Envelope No 1, the Envelope No 2 will be opened and the Demand Draft / Bank Guarantees of lowest L1 and L2 Bidders will be retained and remaining bidders Demand Draft / Bank Guarantee will be returned within 7 working days. After issuing Work Order to the lowest Bidder. The Demand Draft / Bank Guarantee of the L2 Bidder will be returned within 3 working days. In the above procedure, If it is observe that, any document is Fake/invalid, the Bid Security of the bidder will be forfeited and Bidder will be suspended for Bidding of Govt./Semi Government works for 1 year. For which Superintending Engineer will be fully empowered. The Work Order will be issued only after conformation of Demand Draft / Bank Guarantee. From respective bank branch Note:-The Demand Draft / Bank Guarantee shall be submitted to the Tender Clerk/Divisional Accounts Officer in the office of the Executive Engineer, Thane Electrical Division, ▇.▇.▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇-▇▇▇▇▇▇ only during office hours.

Contractor sign. No Of Correction Executive Engineer If 14 Every tenderer shall furnish alongwith the rates quoted by bidder in tender are below 1% to 10% tender, information regarding the Income - Tax circle or ▇▇▇▇ of the amount put district in which he is assessed to TenderIncome Tax. The reference to the PAN / G.R. No. and duly acknowledged Income Tax Return for the immediate preceeding financial year should be attached 15 In view of the difficult position regarding the availability of foreign exchange, then no foreign exchange would be released by the bidder must Department for the purchase of plant and machinery required for the execution of the work contracted for, (GCB / PWD / CFM /1058 / 62517 dt. 26-09-59) 16 The contractor will have to provide 1% additional performance security deposit construct shed for storing controlled and valuable material issued to him under schedule 'A' of the agreement at the work site having double locking arrangement. The materials will be taken for use in the presence of the Departmental person. No material will be allowed to be removed from the site of works 17 The contractors shall also give a list of machinery in their possession and which they propose to use on the work in the form of Demand Draft / Bank Guarantee towards Performance Security as belowStatement No. The bidder shall upload scanned copy of such Demand Draft / Bank Guarantee in envelope No 2 If III 18 Successful tenderer will have to produce to the rates quoted by bidder in tender are below more than 10% satisfaction of the amount put to Tenderaccepting authority a valid and current licence issued in his favour under the provision of Contract Labour (Regulation & Abolition Act, then in addition to the Security Deposit mentioned vide Sr1973) before starting work, no2, the bidder must have to provide additional deposit in the form of Demand Draft / Bank Guarantee towards Performance Security as belowFor quoted rates below more than 10% : 1% + the % exceeding 10% failing which acceptance of the amount put to Tender (e.g. if the rate quoted is 14% below, TheDemand Draft / Bank Guarantees shall tender will be of (1%+14%-10%) that is 1% + 4% = 5% of the amount put to Tender.) Guidelines liable for submission withdrawal and refund etc. of additional Performance Security Deposit: The Demand Draft / Bank Guarantee shall be issued in the name of “Executive Engineer, Thane Electrical Division, P.W.D. Thane” TheDemand Draft / Bank Guarantee shall be issued from Nationalized or Scheduled Bank The bidder shall upload scanned copy of such Demand Draft / Bank Guarantee in envelope No 2 of the e-Tender. The validity of Demand Draft / Bank Guarantee shall be remained up to Defect Liability period of the site work. The Demand Draft / Original Bank Guarantee shall be submitted with Hard copy of bid document as per corriegendum circuler of Government of Maharashtra Public Works Deptt, Mantralaya, Mumbai corriegendum circuler No CAT/2017/Pra.Kra.08/Building-2 dt 29.06.2017 , to the office of Executive Engineer, Thane Electrical Division, ▇.▇.▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇-▇▇▇money will be forfeited to Government 19 The contractor shall comply with the provision of the Apprentices ▇▇▇ ▇▇▇▇▇▇ and the period of 3 working days ( 72 Hours ) after Last Date of submission rules and orders issued there under from time to time. If he fails to do so, his failure will be a breach of the Tender contract and the superintending Engineer, may in his discretion cancel the contract. The contractor shall also be liable. For any pecuniary liability arising on account of any violation by him of the provision of the Act 20 Every tenderer shall furnish alongwith the tender information regarding VAT registration and TIN No. duly issued by the Sales Tax Authorities of Govt, of Maharashtra 21 The successful tenderer shall pay initial Security Deposit at 50% of total deposit as per Memorandum of Works will be paid in the sealed envelope mentioning Name form of Work and Tender Notice Number In case Fixed Deposit Receipt of shortfalls any Nationalised/ Scheduled Bank only valid upto end of defect liability period as mentioned in compliance clause 20 of documents in the Envelope No 1 theDemand Draft / Bank Guarantee will be returned to the Bidder within 7 working days from the date of opening of Tender. After compliance of documents in Envelope No 1, the Envelope No 2 will be opened B-1 agreement form or other approved security form and the Demand Draft / Bank Guarantees balance in recoverable through running account bills at the percentage stipulated in clause 1 of lowest L1 and L2 Bidders will be retained and remaining bidders Demand Draft / Bank Guarantee will be returned within 7 working days. After issuing Work Order to the lowest Bidder. The Demand Draft / Bank Guarantee of the L2 Bidder will be returned within 3 working days. In the above procedure, If it is observe that, any document is Fake/invalid, the Bid Security of the bidder will be forfeited and Bidder will be suspended for Bidding of Govt./Semi Government works for 1 year. For which Superintending Engineer will be fully empowered. The Work Order will be issued only after conformation of Demand Draft / Bank Guarantee. From respective bank branch Note:-The Demand Draft / Bank Guarantee shall be submitted to the Tender Clerk/Divisional Accounts Officer in the office of the Executive Engineer, Thane Electrical Division, ▇B-1 agreement form.▇.▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇-▇▇▇▇▇▇ only during office hours.