BID DOCUMENT - IDCO

A G R E E M E N T
The Agreement is made this ------------------------------ day of ---------------2008 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.
6. The Contractor shall make good any defects, shrinkage or other faults that may appear in the works within
six months after their completion.
7. In-case the Contractor shall commit the break of any covenants herein contained the Corporation shall be at
liberty to terminate this Agreement giving 15 days notice.
8. The Contractor shall indemnify to the Corporation from all claims for injury, death, caused to any person
under workmen Compensation Act. 1938. Besides the contractor shall comply all the provisions of
prevailing Labour laws during execution of work.
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