Tender Document - irpmu.railnet.gov.in
Tender Document - irpmu.railnet.gov.in
Tender Document - irpmu.railnet.gov.in
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(a) If agreemental value goes beyond (+) 25%, <strong>in</strong> that case, for the first 15%<br />
<strong>in</strong>crease <strong>in</strong> the value of the agreement, the rates shall be reduced by 2% <strong>in</strong><br />
the <strong>in</strong>cremental value.<br />
(b)<br />
(c)<br />
The rate shall be further reduced by 2% for the <strong>in</strong>cremental value of the<br />
agreement, for the next 10% <strong>in</strong>crease <strong>in</strong> the value of the agreement<br />
beyond 15% as <strong>in</strong> (a).<br />
In case agreemental value goes beyond (+) 50%, the rates for <strong>in</strong>cremental<br />
value shall be decided as per prevail<strong>in</strong>g codal provision.<br />
5.0 SECURITY DEPOSIT ON ACCEPTANCE OF TENDER<br />
5.1 The security deposit/rate of recovery/mode of recovery on acceptance of<br />
tender shall be as under:<br />
a) The security deposit for each work will be 5% of the contract value,<br />
b) The rate of recovery will be at the rate of 10% of the bill amount till the<br />
full security deposit is recovered,<br />
c) Security deposits will be recovered only from the runn<strong>in</strong>g bills of the<br />
contract and no other mode of collect<strong>in</strong>g security deposit such as<br />
security deposit <strong>in</strong> the form of <strong>in</strong>struments like BG, FD etc. shall be<br />
accepted towards security deposit.<br />
The total security deposit recoverable from a contractor <strong>in</strong>clud<strong>in</strong>g the amount of<br />
earnest money deposited with the tender as given <strong>in</strong> Clause above will not<br />
exceed the security amount recoverable at the rates mentioned above.<br />
The security deposit unless forfeited <strong>in</strong> whole or <strong>in</strong> part accord<strong>in</strong>g to the terms and<br />
conditions shall be returned to the contractor after the physical completion of the<br />
work as certified by the competent authority. The competent authority shall<br />
normally be the authority who is competent to sign this contract. If the competent<br />
authority is of the rank lower than JA grade, then a JA Grade Officer (concerned<br />
with the work) should issue the certificate. The certificate, <strong>in</strong>ter alia, should<br />
mention that the work has been completed <strong>in</strong> all respects and that all the<br />
contractual obligations have been fulfilled by the contractors and that there is no<br />
due from the contractor to Railways aga<strong>in</strong>st the contract concerned. Before<br />
releas<strong>in</strong>g the SD, an unconditional and unequivocal no claim certificate from the<br />
contractor concerned should be obta<strong>in</strong>ed.<br />
5.2 Performance Guarantee:<br />
OS/Works 14