BID DOCUMENT - IDCO

BID DOCUMENT - IDCO BID DOCUMENT - IDCO

12.07.2014 Views

12. Besides, deductions towards Sales Tax on works contract, and Income Tax & royalties will be made from each and every bill of the Contractor as per statutory orders of the competent/appropriate authority and credited to the concerned Departments of State/ Central Governments. Necessary certificate towards such deduction will be furnished by the Corporation to the Contractor. 13. The total amount of security money to be deposited by the tenderer entrusted with execution of the work shall be 7 percent of the estimated value of the work and towards this amount the earnest money already deposited by him shall be credited. At least 2/7th of this security inclusive of the earnest money shall be deposited by the tenderer within such times as may be notified to him in writing by the office opening the tenders failing which the tender shall be liable to rejection. The remaining amount of the security money outstanding after completion of the contract with the tenderer may be made up by deduction of 5 percent of the amount of each payment to be made to him in shape of running bills for the work done under the contract. 14. The tenderer has to furnish valid Income Tax Clearance Certificate, Income Tax PAN, valid Sales Tax Clearance Certificate with Sales Tax Registration number and valid EPF registration certificate along with the tender. 15. The tender will remain valid up to 120 days (One hundred twenty days) from the date of receipt of tender. 16. The tenderer has to furnish the details of work in hand and details of work done during the last three years as per the format furnished below. A) Details of work in Hand: Sl Name of the work Total value of Approx. value of Value of the Authority under Remarks the work the work already work in hand whom executed executed 1 2 3 4 5 6 7 B) Details of past experience: Sl Name of the work Total agreement value Authority under whom executed Stipulated time & Actual time period Remarks period of completion taken for completion 1 2 3 4 5 6 7 17. No other terms and conditions as other than those mentioned in the tender documents will be accepted. 18. The tenderer can attend the office of the Chief General Manager (P&C) to clarify any doubts regarding the tender conditions, specifications & drawings etc. 55

CONDITIONS OF CONTRACT 56

12. Besides, deductions towards Sales Tax on works contract, and Income Tax & royalties will be made from each<br />

and every bill of the Contractor as per statutory orders of the competent/appropriate authority and credited to<br />

the concerned Departments of State/ Central Governments. Necessary certificate towards such deduction will<br />

be furnished by the Corporation to the Contractor.<br />

13. The total amount of security money to be deposited by the tenderer entrusted with execution of the work shall<br />

be 7 percent of the estimated value of the work and towards this amount the earnest money already deposited<br />

by him shall be credited. At least 2/7th of this security inclusive of the earnest money shall be deposited by the<br />

tenderer within such times as may be notified to him in writing by the office opening the tenders failing which<br />

the tender shall be liable to rejection. The remaining amount of the security money outstanding after<br />

completion of the contract with the tenderer may be made up by deduction of 5 percent of the amount of each<br />

payment to be made to him in shape of running bills for the work done under the contract.<br />

14. The tenderer has to furnish valid Income Tax Clearance Certificate, Income Tax PAN, valid Sales Tax<br />

Clearance Certificate with Sales Tax Registration number and valid EPF registration certificate along with the<br />

tender.<br />

15. The tender will remain valid up to 120 days (One hundred twenty days) from the date of receipt of tender.<br />

16. The tenderer has to furnish the details of work in hand and details of work done during the last three years as<br />

per the format furnished below.<br />

A) Details of work in Hand:<br />

Sl Name of the work Total value of Approx. value of Value of the Authority under Remarks<br />

the work the work already work in hand whom executed<br />

executed<br />

1 2 3 4 5 6 7<br />

B) Details of past experience:<br />

Sl Name of the work Total agreement<br />

value<br />

Authority under<br />

whom executed<br />

Stipulated time & Actual time period Remarks<br />

period of<br />

completion<br />

taken for<br />

completion<br />

1 2 3 4 5 6 7<br />

17. No other terms and conditions as other than those mentioned in the tender documents will be accepted.<br />

18. The tenderer can attend the office of the Chief General Manager (P&C) to clarify any doubts regarding the<br />

tender conditions, specifications & drawings etc.<br />

55

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