BORDER ROADS ORGANISATION

CA NO: CDR 760 TF/ / 2012-13 Ser Page No: 12
19. Security Deposit:-
(a) In case of a enlisted contractor, who has submitted the standing security deposit,
but the tendered cost of the work exceeds the upper tendering limit of the contractor and
the Accepting Officer decides to accept this tender, the contractor has to lodge Additional
Security Deposit (difference of security of work and standing security deposit) as notified
by the Accepting Officer in the prescribed form within 30 days of the receipt by him of
notification of acceptance of the tender, failing which this sum shall be recovered from the
first RAR payment, and if the date of first RAR is prior to the period mentioned above, the
same shall be recovered from such payment.
(b) In case of unenlisted contractor/enlisted contractor who has not deposited the
Standing Security deposit, and the Accepting Officer decides to accept his tender, then
contrctor has to lodge Security Deposit as notified by the Accepting Officer in the
prescribed form within 30 days of the receipt by him of notification of acceptance of the
tender, failing which this sum shall be recovered from the first RAR payment, and if the
date of first RAR is prior to the period mentioned above, the same shall be recovered
from such payment. The security deposit amount will be communicated as per
departmental norms but in no case the same shall be more than Rs 11,25,000.00
(Rupees Eleven Lakh Twenty Five Thousand only).
(c) The contractor may at his discretion furnish in lieu of Additional Security Deposit
or Security Deposit a Bank Guarantee Bond executed by any nationalized/Schedule Bank
for the said amount. The form of Bank Guarantee Bond may be seen in any office of
BRO.
Table for Security Money
Srl Estimated cost of work
Earnest Money
No.
(a) UP to Rs. 15.00 Rs. 2% of the amount subject to a minimum of
Rs. 3000/-
(b) Over Rs. 15.00 lacs & up to 30.00
lacs
2% of the amount subject to a maximum
of Rs 45,000/-
(c) Over Rs. 30.00 lacs & up to 60 lacs 1.5% of the amount
(d) Over Rs. 60 lacs & up to 150 lacs 1.5% of the amount
(e) Over Rs. 150 lacs & up to Rs. 300
lacs
Rs 2,25,000/- plus 1% of amount in excess
of Rs 150 Lacs ( Max- Rs 3,00,000/-)
(f) Over 300 lacs up to 1200.00 lacs Rs. 3,00,000/- plus 0.5% of the amount in
excess of Rs. 300.00 lacs subject to
maximum of Rs. 6,00,000/-
(g) Over Rs. 1200.00 lacs 0.50% of the amount subject to a
maximum of Rs. 9,00,000/-
20. Accepting Officer reserves the right to accept the tender submitted by a Public Sector Undertaking,
giving a price/purchase preference over other tender(s), which may be lower, as are admissible under the
Govt. Policy. No claim for any compensation or otherwise shall be admissible from those, whose tenders
may be rejected on account of the said Policy.
21. In view of postal and other delays, it is suggested that your tender be posted sufficiently in
advance of the last date fixed for receipt of tenders or sent through a special messenger, if necessary.
Tender received late will not be considered. Telegraphic communications received in connection with this
tender will also be not considered.
___________________________
(Signature of contractor with seal)
sd/- xxx
SW
For Accepting Officer