Tender Document - irpmu.railnet.gov.in

Tender Document - irpmu.railnet.gov.in Tender Document - irpmu.railnet.gov.in

irpmu.railnet.gov.in
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01.02.2015 Views

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

5.2 (a) The successful bidder may give performance guarantee amounting to 5% of the contract value in any of the following forms. i) A deposit of Cash ii) Irrevocable Bank Guarantee i) Govt. securities including State Loan Bonds at 5% below the market value. ii) Deposit receipts Pay order, Demand drafts and Guarantee Bonds. These forms of performance guarantee could be either of the State Bank of India or of any of Nationalized Banks. iii) Guarantee Bonds executed or Deposit Receipts tendered by all scheduled Banks. iv) A deposit in the Post office saving Certificates v) A Deposit in the National Saving Certificates. vi) Twelve years National Defence Certificates. vii) Ten years Defence Deposits viii) ix) National Defence Bonds and Unit Trust Certificate at 5% below market value or at the face value which ever is less. Also FDR in favour of Dy. FA&CAO/IRPMU, Shivaji Bridge, New Delhi. (Free from any encumbrance) may be accepted. (b) (c) (d) (e) The Performance Guarantee will be furnished by the successful contractor after the letter of acceptance has been issued, but before signing of the agreement and should be valid up to expiry of the maintenance period. The agreement should normally be signed within 15 (Fifteen) days after the issue of letter of acceptance and performance guarantee should also be submitted with in this time limit. “The successful bidder shall have to submit a Performance Guarantee (PG) within 30 (Thirty) days from the date of issuing of LOA but before signing of the agreement, This Guarantee shall be initially valid upto the stipulated date of completion plus 60 days beyond that, However, a penal interest of 15% per annum shall be charged for the delay beyond 30 (Thirty) days, i.e. from 31 st day after the date of issue of LOA. In case the contractor fails to submit the requisite PG even after 60 days from the date of issue of LOA, the contract shall be terminated duly forfeiting EMD and other dues, if any payable against that contract. The failed contractor shall be debarred from participating in re-tender for that work” In case the contract is rescinded, the Security Deposit shall be forfeited and the performance guarantee shall be en-cashed and the balance work will be got done separately, The balance work will be got done independently without risk and cost of the original contractor, OS/Works 15

5.2 (a) The successful bidder may give performance guarantee amount<strong>in</strong>g to 5% of the<br />

contract value <strong>in</strong> any of the follow<strong>in</strong>g forms.<br />

i) A deposit of Cash<br />

ii) Irrevocable Bank Guarantee<br />

i) Govt. securities <strong>in</strong>clud<strong>in</strong>g State Loan Bonds at 5% below the market value.<br />

ii) Deposit receipts Pay order, Demand drafts and Guarantee Bonds. These forms of<br />

performance guarantee could be either of the State Bank of India or of any of<br />

Nationalized Banks.<br />

iii) Guarantee Bonds executed or Deposit Receipts tendered by all scheduled Banks.<br />

iv) A deposit <strong>in</strong> the Post office sav<strong>in</strong>g Certificates<br />

v) A Deposit <strong>in</strong> the National Sav<strong>in</strong>g Certificates.<br />

vi) Twelve years National Defence Certificates.<br />

vii) Ten years Defence Deposits<br />

viii)<br />

ix)<br />

National Defence Bonds and<br />

Unit Trust Certificate at 5% below market value or at the face value which<br />

ever is less.<br />

Also FDR <strong>in</strong> favour of Dy. FA&CAO/IRPMU, Shivaji Bridge, New Delhi.<br />

(Free from any encumbrance) may be accepted.<br />

(b)<br />

(c)<br />

(d)<br />

(e)<br />

The Performance Guarantee will be furnished by the successful contractor after<br />

the letter of acceptance has been issued, but before sign<strong>in</strong>g of the agreement<br />

and should be valid up to expiry of the ma<strong>in</strong>tenance period. The agreement<br />

should normally be signed with<strong>in</strong> 15 (Fifteen) days after the issue of letter of<br />

acceptance and performance guarantee should also be submitted with <strong>in</strong> this<br />

time limit.<br />

“The successful bidder shall have to submit a Performance Guarantee (PG)<br />

with<strong>in</strong> 30 (Thirty) days from the date of issu<strong>in</strong>g of LOA but before sign<strong>in</strong>g of the<br />

agreement, This Guarantee shall be <strong>in</strong>itially valid upto the stipulated date of<br />

completion plus 60 days beyond that, However, a penal <strong>in</strong>terest of 15% per<br />

annum shall be charged for the delay beyond 30 (Thirty) days, i.e. from 31 st day<br />

after the date of issue of LOA. In case the contractor fails to submit the requisite<br />

PG even after 60 days from the date of issue of LOA, the contract shall be<br />

term<strong>in</strong>ated duly forfeit<strong>in</strong>g EMD and other dues, if any payable aga<strong>in</strong>st that<br />

contract. The failed contractor shall be debarred from participat<strong>in</strong>g <strong>in</strong> re-tender<br />

for that work”<br />

In case the contract is resc<strong>in</strong>ded, the Security Deposit shall be forfeited and the<br />

performance guarantee shall be en-cashed and the balance work will be got<br />

done separately,<br />

The balance work will be got done <strong>in</strong>dependently without risk and cost of the<br />

orig<strong>in</strong>al contractor,<br />

OS/Works 15

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