Tender Document - irpmu.railnet.gov.in

2 lakhs plus ½ % (half percent) of the excess of estimated cost of work beyond
Rs 1 crore subject to a maximum of Rs 1 crore.
3.2 The tender must be accompanied by a sum of Rs. 2,26,510/-(Two Lakh
Twenty Six Thousand Five Hundred Ten Only) in favour of Dy. FA &
CAO/IRPMU, Shivaji Bridge, New Delhi i.e. 2% of tender value as indicated in
Tender Notice). The Earnest Money should be in the manner prescribed in
Clause 3.2 failing which the tender shall be summarily rejected. The earnest
money shall be rounded to the nearest Rs.10/-.
3.2.1 Labour co-operative are required to deposit only 50% of the earnest money as
referred to in clause 3.1 above.
3.1.2 The tenderer/s shall keep the offer open for a period of 90 days from the
opening of the tender in which period tendered/s cannot withdraw his/their
offer subject to period being extended further, if required, by mutual agreement
from time to time. It is understood that the tender documents have been
sold/issued to the tenderer/s and tenderer/s is/are being permitted to in
consideration of stipulation on his/their part that after submitting his/their offer
he/they will not resile from his/their offer or modify the terms and conditions
thereof in a manner not acceptable to North Central Railway should the
tenderer/s fail to observe to comply with the foregoing stipulation or fail to
undertake the contract after acceptance of his/their tender the entire amount
deposited as earnest money for the due performance of the stipulation and to
keep the offer open for the specified period, shall be forfeited to the Railway.
If the tender is accepted, the amount of all earnest money will be held as initial
security deposit for due and faithful fulfilment of the contract. The earnest money
of unsuccessful tenderer/s will, save as herein before provided be returned to
the unsuccessful tenderer/s within a reasonable time, but Railway shall not
be responsible for any loss or depreciation that happen to the earnest money
for the due performance of the stipulation and to keep the offer open for the
period stipulated in the tender documents while in Railway possession nor will
be liable to pay interest thereon.
3.2 The Earnest Money of the requisite amount referred to in Clause 3.1 above is
required to be deposited either in cash with the Chief Cashier, Northern
Railway, Delhi on any working day before 15.00 Hrs. on 07/08/2012 or in any
of the following form.
(i)
(ii)
Deposit receipts, pay orders & demand drafts. These forms of earnest
money could be either of the State Bank of India or of any of the
Nationalized Banks. No confirmatory advice from Reserve Bank of
India will be necessary.
Deposit Receipts executed by the scheduled banks (other than the
State Bank of India and the Nationalized Banks) approved by the
Reserve Bank of India for this purpose. The Railways will not,
however, accept deposit receipt without getting in writing the
concurrence of the Reserve Bank of India - these must have an
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