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office of the chief engineer, project swastik, c/o 99 apo ... - Bro.nic.in

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54<br />

(e)<br />

(f)<br />

The decision <strong>of</strong> <strong>the</strong> majority <strong>of</strong> Arbitrators shall be f<strong>in</strong>al and b<strong>in</strong>d<strong>in</strong>g upon both parties. The cost and<br />

expenses <strong>of</strong> Arbitration proceed<strong>in</strong>gs will be paid as determ<strong>in</strong>ed by <strong>the</strong> arbitral tribunal. However, <strong>the</strong><br />

expenses <strong>in</strong>curred by each party <strong>in</strong> connection with <strong>the</strong> preparation, presentation, etc. <strong>of</strong> its<br />

proceed<strong>in</strong>gs as also <strong>the</strong> fees and expenses paid to <strong>the</strong> arbitrator appo<strong>in</strong>ted by such party or on its<br />

behalf shall be borne by each party itself.<br />

Performance under <strong>the</strong> contract shall cont<strong>in</strong>ue dur<strong>in</strong>g <strong>the</strong> arbitration proceed<strong>in</strong>gs and payments due to<br />

<strong>the</strong> contractor by <strong>the</strong> owners shall not be withheld, unless <strong>the</strong>y are <strong>the</strong> subject matter <strong>of</strong> <strong>the</strong> arbitration<br />

Proceed<strong>in</strong>gs.<br />

4. INSPECTION AND PLANTS AND ALLIED MACHINERY:<br />

The plant and allied mach<strong>in</strong>ery required for execution work <strong>of</strong> ma<strong>in</strong>ly DBM, BC, WMM, etc. shall be<br />

<strong>in</strong>spected/exam<strong>in</strong>ed by <strong>the</strong> tech<strong>nic</strong>al committee constituted by <strong>the</strong> M<strong>in</strong>istry vide <strong>the</strong>ir letter No. RW/24011/1/2002-<br />

Mech dtd. 04.12.01 & 28.02.02, to obta<strong>in</strong> <strong>the</strong>ir clearance before commencement <strong>of</strong> <strong>the</strong> work.

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