20.04.2014 Views

bid document for the work - IDCO

bid document for the work - IDCO

bid document for the work - IDCO

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

complete, in which case any expenses which may be incurred in excess of <strong>the</strong> sum which<br />

would have been paid to <strong>the</strong> original Contractor if <strong>the</strong> whole <strong>work</strong> had been executed by<br />

him ( of <strong>the</strong> amount of which excess <strong>the</strong> certificate in writing of <strong>the</strong> authorized officer of <strong>the</strong><br />

Corporation shall be final and conclusive) shall be borne and paid by <strong>the</strong> original<br />

Contractor and may be deducted from any money due to him by Orissa Industrial<br />

Infrastructure Development Corporation under <strong>the</strong> contract or o<strong>the</strong>rwise or from his security<br />

deposit or <strong>the</strong> proceeds of sale <strong>the</strong>reof, or a sufficient part <strong>the</strong>reof.<br />

In <strong>the</strong> event of any of <strong>the</strong> above courses adopted by <strong>the</strong> Corporation, <strong>the</strong> Contractor shall<br />

have no claim to compensation <strong>for</strong> any loss sustained by him by reason of his having<br />

purchased or procured any materials, or entered into any engagements, or made any<br />

advance on account of or with a view to, <strong>the</strong> execution of <strong>the</strong> <strong>work</strong> or <strong>the</strong> per<strong>for</strong>mance of<br />

<strong>the</strong> contract. And in case <strong>the</strong> contract shall be rescind under <strong>the</strong> provision a<strong>for</strong>esaid, <strong>the</strong><br />

Contractor shall not be entitled to recover or be paid any sum <strong>for</strong> any <strong>work</strong>, <strong>the</strong>reto <strong>for</strong><br />

actually per<strong>for</strong>med under this contract, unless and until <strong>the</strong> authorized officer of <strong>the</strong><br />

Corporation shall have certified in writing <strong>the</strong> per<strong>for</strong>mance of such <strong>work</strong> and <strong>the</strong> value<br />

payable in respect <strong>the</strong>reof and he shall only be entitled to be paid <strong>the</strong> value so certified.<br />

(d)<br />

Security deposit of <strong>the</strong> Contractor shall be refunded only after final bill is paid and<br />

completion of defect liability period of 12(Twelve) months from <strong>the</strong> date of completion of <strong>the</strong><br />

<strong>work</strong>.<br />

CLAUSE - IV<br />

CONTRACTOR REMAINS LIABLE TO PAY COMPENSATION<br />

IF ACTION NOT TAKEN UNDER CLAUSE- IV:<br />

In any case in which any of <strong>the</strong> powers, conferred upon <strong>the</strong> Corporation by Clause-III hereof shall<br />

have become exercisable and <strong>the</strong> same shall not be exercised. The non-exercise <strong>the</strong>reof shall not<br />

constitute a waiver of any of <strong>the</strong> conditions hereof and such powers shall but withstanding be<br />

exercisable in event or any future case of default by <strong>the</strong> Contractor of which by any clause or<br />

clauses hereof he is declared liable to pay compensation/ penalty amounting to <strong>the</strong> whole of his<br />

security deposit, <strong>the</strong> liability of <strong>the</strong> Contractors <strong>for</strong> past and future compensation/penalty shall<br />

remain unaffected.<br />

POWERS TO TAKE POSSESSION OF OR REQUIRE REMOVAL OF OR SELL<br />

CONTRACTOR’S PLANTS :<br />

32

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!