bid document for the work - IDCO
bid document for the work - IDCO
bid document for the work - IDCO
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5. Any person who submits a tender fill up <strong>the</strong> usual printed <strong>for</strong>m stating at what rate he is willing<br />
to undertake each item of <strong>the</strong> <strong>work</strong>. Incomplete tender and tenders which propose any<br />
alteration in <strong>the</strong> <strong>work</strong> specified in <strong>the</strong> said <strong>for</strong>m of invitation to tender, or which contain any<br />
o<strong>the</strong>r conditions of any sort deviating from that of Tender Schedule, or omit to note <strong>the</strong> time<br />
within which <strong>the</strong> <strong>work</strong> can be finished, or which are not accompanied by <strong>the</strong> required earnest<br />
money will be liable to rejection. No single tender shall include more than one <strong>work</strong>, but<br />
contractors who tender <strong>for</strong> both <strong>work</strong>s, shall submit a separate tender <strong>for</strong> each. Tender shall<br />
bear <strong>the</strong> name of <strong>the</strong> <strong>work</strong> to which <strong>the</strong>y refer written outside <strong>the</strong> envelop. Deposits <strong>for</strong> earnest<br />
money herein be<strong>for</strong>e mentioned shall be made in <strong>the</strong> <strong>for</strong>m of Demand Draft / Bank Guarantee<br />
in favour of Orissa Industrial Infrastructure Development Corporation, Bhubaneswar on<br />
any Nationalized Bank payable at Bhubaneswar and <strong>the</strong> bank draft/ Bank Guarantee <strong>the</strong>reof<br />
furnished along with <strong>the</strong> tender shall not be less than <strong>the</strong> amount specified in <strong>the</strong> tender call<br />
notice.<br />
6. General Manager (Civil) or any authorised officer will open <strong>the</strong> tenders in <strong>the</strong> presence of <strong>the</strong><br />
intending contractors who may be present at <strong>the</strong> time and will enter <strong>the</strong> amounts of <strong>the</strong> tenders<br />
in a comparative statement in a suitable <strong>for</strong>m. In <strong>the</strong> event of a tender being rejected, <strong>the</strong><br />
earnest money <strong>for</strong>warded <strong>the</strong>re with shall <strong>the</strong>reupon be returned to <strong>the</strong> tenderer.<br />
7. The Corporation reserves <strong>the</strong> right to reject all or any of <strong>the</strong> tenders without assigning any<br />
reason <strong>the</strong>reof.<br />
8. In <strong>the</strong> event of a tender being selected <strong>for</strong> acceptance, <strong>the</strong> Corporation in<strong>for</strong>m <strong>the</strong> tenderer of<br />
his selection, who shall <strong>the</strong>reupon execute an agreement with <strong>the</strong> Corporation in <strong>the</strong> <strong>for</strong>mat<br />
enclosed within ten days being called upon to do so, failing which <strong>the</strong> offer will be rejected with<br />
<strong>for</strong>feiture of EMD. Bid <strong>document</strong>s issued to <strong>the</strong> tenderer, correspondence between <strong>the</strong> tenderer<br />
and Corporation and final accepted offer of <strong>the</strong> tenderer shall <strong>for</strong>m part of <strong>the</strong> agreement . The<br />
tenderer of <strong>the</strong> selected tender shall also deposit <strong>the</strong> required amount of <strong>the</strong> Security money<br />
(2% of tendered value including EMD already deposited) within 10 days of intimation of<br />
acceptance. If <strong>the</strong> selected tenderer fails to deposit <strong>the</strong> required amount of <strong>the</strong> security money<br />
in shape of Demand Draft or Bank Guarantee, <strong>the</strong> Corporation may reject <strong>the</strong> tender with<br />
<strong>for</strong>feiture of <strong>the</strong> earnest money. The Bank Guarantee <strong>for</strong> initial Security deposit (to be treated<br />
as per<strong>for</strong>mance Guarantee) shall be in <strong>the</strong> <strong>for</strong>mat enclosed. The Contractor may also furnish<br />
ISD in shape of Bank Draft on any nationalized Bank payable at Bhubaneswar in favour of<br />
Orissa Industrial Infrastructure Development Corporation.<br />
9. The tenderer shall also furnish a <strong>work</strong> schedule in <strong>the</strong> <strong>for</strong>m of a bar chart <strong>for</strong> approval by <strong>the</strong><br />
Corporation which shall also <strong>for</strong>m part of agreement.<br />
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