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EAST CENTRAL RAILWAY - Indian Railways

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29) EXCISE DUTY, SALES TAX OR ANY OTHER TAXES/DUTIES :<br />

Page -26 of 40<br />

The Contractor shall bear in full excise duty, sales tax and/or any other taxes/duties levied by<br />

State Government and/or Central Government from time to time. This would be entirely a matter<br />

between the Contractor and the State/Central Government and no claim what-so-ever on this account shall<br />

be entertained by Railway.<br />

30) ROAD TAX CHARGES : Road Tax/Charges levied by Government for movements of vehicles of<br />

Contractor, used in transportation, shall be borne by the contractor and no reimbursement on this account<br />

will be made by the <strong>Railways</strong>.<br />

31) The Railway is not bound to accept the lowest or any other tender or to assign any reason for nonacceptance<br />

or rejection of a tender.<br />

The Railway reserves the right without assigning any reason what-so-ever to:-<br />

a) Accept or to cancel any tender in respect of the whole or any portion of work specified in the<br />

tender papers.<br />

b) To subdivide the quantum of tendered work among different tenderers.<br />

c) To accept any tender for less than the tendered quantity.<br />

d) To reduce/alter the quantum of work.<br />

32) PRICE VARIATION CLAUSE :<br />

A) General :<br />

i) The rates for each item quoted by the contractor in his tender and accepted by the<br />

Railway shall hold good till the completion of the work.<br />

Fluctuations in market rates, conditions, taxes, additional levies, tolls or any other<br />

changes in the cost of an item as a whole or in the cost of a component of expenditure<br />

constituting that item, shall be taken into account and payments to contractor shall be<br />

adjusted i.e. increased/decreased, in accordance with the provisions, of this Clause. No<br />

other claims on account of these inputs shall be admissible.<br />

ii)<br />

The total amount payable to the contractor for the payment made through on<br />

account/final bills for the work done in a particular quarter shall be adjusted i.e.<br />

increased/decreased, based on the overall market situation as reflected by<br />

increase/decrease in various price Indices published by the Reserve Bank of India from<br />

iii)<br />

time to time.<br />

The amount of adjustment i.e. increase/decrease in the payments to the contractor<br />

shall be calculated in accordance with the method detailed in this clause.<br />

B) Applicability of price variation clause :<br />

i) The price variation clause shall be applicable only to contracts where the<br />

period of completion is more than one year and shall not be applicable where the<br />

period of completion is less than or equal to one year. This price variation clause<br />

will also, not apply to zonal contracts.<br />

ii)<br />

This price variation clause shall be applicable only to contracts more than Rs.20<br />

lacs in value, the value being the value of actual work to be executed by the contractor<br />

i.e. excluding the cost of materials supplied free of cost by the Railway. If this value is<br />

less than Rs.10 lacs, the price variation clause shall not be applicable.<br />

SIGNATURE OF TENDERER(S)/CONTRACTOR(S)

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