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

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

21.11.2014 Views

68 33 Repayment of advance payment for mobilization and equipments: [Cl.51.3] The advance loan shall be repaid with percentage deductions from the Interim payments certified by the Engineer under the Contract. Deductions shall commence in the next Interim Payment Certificate following that in which that total of all such payments to the Contractor has reached not less than 20 percent of the Contract Price or 6 (Six) months from the date of payment of first instalment of advance, whichever period concludes earlier, and shall be made at the rate of 20 percent of the amounts of all Interim payment certificates until such time as the loan has been repaid, always provided that the loan shall be completed repaid prior to the expiry of the original time for completion pursuant to Clause 17 and 28. 34 Repayment of secured advance: [Cl.51.4] The advance shall be repaid from each succeeding monthly payments to the extent materials [for which advance was previously paid pursuant to Clause 51.4 of G.C.C.] have been incorporated in to the works. 35 The Securities shall be for the following minimum amounts equivalent as a percentage of the Contract Price: [Cl.52] Performance security for 5 percent of contract price plus Rs . …… …….. (to be decided after evaluation of the bid) as additional security items of ITB Clause 29.5. The standard form of performance Security acceptable to the Employer shall be an unconditional bank Guarantee of the type as presented in Section 8 of the Bidding Documents. 36 The Schedule of operating and maintenance manuals ………. N/A [Cl.58] 37 The date by which “As-built drawings (in scale as directed) in 2 sets are required is within 28 days of issue of certificate of completion of whole or section of the work, as the case may be. …………N/A 38 The amount to be withheld for failing to supply “As-built” drawings by the date required is Rs. ……….. lakhs…………………………… N/A 39 The following events shall also be fundamental breach of contract: [Cl.58] [Cl.58] [Cl.59.2] “The Contract has contravened Sub-clause 7.1 and Clause 9 of G.C.C.” 40 The percentage to apply to the value of the work not completed representing the Employer’s additional cost for completing the Works shall be 20 percent [3, Cl.60] .

69 SECTION- 5 TECHNICAL SPECIFICATIONS

68<br />

33 Repayment <strong>of</strong> advance payment for mobilization and equipments:<br />

[Cl.51.3]<br />

The advance loan shall be repaid with percentage deductions from <strong>the</strong> Interim payments certified by<br />

<strong>the</strong> Eng<strong>in</strong>eer under <strong>the</strong> Contract. Deductions shall commence <strong>in</strong> <strong>the</strong> next Interim Payment Certificate<br />

follow<strong>in</strong>g that <strong>in</strong> which that total <strong>of</strong> all such payments to <strong>the</strong> Contractor has reached not less than 20<br />

percent <strong>of</strong> <strong>the</strong> Contract Price or 6 (Six) months from <strong>the</strong> date <strong>of</strong> payment <strong>of</strong> first <strong>in</strong>stalment <strong>of</strong><br />

advance, whichever period concludes earlier, and shall be made at <strong>the</strong> rate <strong>of</strong> 20 percent <strong>of</strong> <strong>the</strong> amounts<br />

<strong>of</strong> all Interim payment certificates until such time as <strong>the</strong> loan has been repaid, always provided that <strong>the</strong><br />

loan shall be completed repaid prior to <strong>the</strong> expiry <strong>of</strong> <strong>the</strong> orig<strong>in</strong>al time for completion pursuant to<br />

Clause 17 and 28.<br />

34 Repayment <strong>of</strong> secured advance:<br />

[Cl.51.4]<br />

The advance shall be repaid from each succeed<strong>in</strong>g monthly payments to <strong>the</strong> extent materials [for which<br />

advance was previously paid pursuant to Clause 51.4 <strong>of</strong> G.C.C.] have been <strong>in</strong>corporated <strong>in</strong> to <strong>the</strong><br />

works.<br />

35 The Securities shall be for <strong>the</strong> follow<strong>in</strong>g m<strong>in</strong>imum amounts equivalent as a percentage <strong>of</strong> <strong>the</strong> Contract<br />

Price:<br />

[Cl.52]<br />

Performance security for 5 percent <strong>of</strong> contract price plus Rs . …… …….. (to be decided after evaluation<br />

<strong>of</strong> <strong>the</strong> bid) as additional security items <strong>of</strong> ITB Clause 29.5.<br />

The standard form <strong>of</strong> performance Security acceptable to <strong>the</strong> Employer shall be an unconditional bank<br />

Guarantee <strong>of</strong> <strong>the</strong> type as presented <strong>in</strong> Section 8 <strong>of</strong> <strong>the</strong> Bidd<strong>in</strong>g Documents.<br />

36 The Schedule <strong>of</strong> operat<strong>in</strong>g and ma<strong>in</strong>tenance manuals ………. N/A [Cl.58]<br />

37 The date by which “As-built draw<strong>in</strong>gs (<strong>in</strong> scale as directed) <strong>in</strong> 2 sets are required is with<strong>in</strong> 28 days <strong>of</strong><br />

issue <strong>of</strong> certificate <strong>of</strong> completion <strong>of</strong> whole or section <strong>of</strong> <strong>the</strong> work, as <strong>the</strong> case may be. …………N/A<br />

38 The amount to be withheld for fail<strong>in</strong>g to supply “As-built” draw<strong>in</strong>gs by <strong>the</strong> date required is<br />

Rs. ……….. lakhs…………………………… N/A<br />

39 The follow<strong>in</strong>g events shall also be fundamental breach <strong>of</strong> contract:<br />

[Cl.58]<br />

[Cl.58]<br />

[Cl.59.2]<br />

“The Contract has contravened Sub-clause 7.1 and Clause 9 <strong>of</strong> G.C.C.”<br />

40 The percentage to apply to <strong>the</strong> value <strong>of</strong> <strong>the</strong> work not completed represent<strong>in</strong>g <strong>the</strong> Employer’s additional<br />

cost for complet<strong>in</strong>g <strong>the</strong> Works shall be 20 percent<br />

[3, Cl.60]<br />

.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!