bid document for the work - IDCO

A G R E E M E N T
The Agreement is made this ------------------------------ day of ---------------2012
between
ORISSA INDUSTRIAL INFRASTRUCTURE DEVELOPMENT CORPORATION, (IDCO), a
statutory Corporation, established under Orissa Industrial Infrastructure Development Corporation
Act. 1980 (Orissa Act. 1 of 1981), having its Head Office at IDCO Towers, Janapath,
Bhubaneswar, represented by ------------------------------------- Engineer-in-charge, -----------------here
in after referred to as “Corporation” which expression shall where the context so requires or admits,
also includes its successors or assignees of the one part.
AND
--------------------------------------- represented by ---------------------------- hereinafter called the
“Contractor” which expression shall where the context so requires also includes its successors or
assignees of the one part.
Whereas IDCO invited tenders from intending contractors for execution of -----------------------
------------------------------------- at ----------------------------------------------- and whereas the Contractor
offered his tender to construct, execute & complete such work in all respect in conformity with
provision of Agreement and whereas IDCO has accepted his tender & issued work order in his
letter No.-------------dt.-------------- for execution & completion of the work with the following condition.
Now this Agreement witnesses as follows :
1. In this Agreement, words, expression shall have the same meaning as are respectively
assigned to them to the conditions of contract hereinafter referred to.
2. The following documents shall be deemed to form and to be read and construed as part of
this Agreement as follows :
i) Terms and conditions : Annexure - ‘A’
ii) Bill of quantities : Annexure - ‘B’
3. That in consideration of the payment of Rs. --------- by the Corporation to the contractor as
hereinafter mentioned, the contractor hereby covenants with the Corporation to construct &
complete the work ----------------- in all respects in conformity with the provisions of the
contract.
4. The corporation hereby covenants to pay the contractor the contract price in consideration
of the construction & completion at the time and in the manner prescribed in the contract.
5. The Contractor will not vary of deviate from the said plans and specification without
obtaining permission in writing of the Corporation.
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