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derived from the multiplication of the unit rate and the quantity, the unit rate as
quoted will govern, unless in the opinion of the Purchaser there is an obviously
gross misplacement of the decimal point in the unit rate, in which event the total
amount as quoted will govern and the unit rate will be corrected.
20.2 The amount stated in the Form of Bid will be adjusted by the Purchaser in
accordance with the above procedure for the correction of errors and with the
concurrence of the bidder, shall be considered as binding upon the bidder. If the
bidder does not accept the corrected amount of bid, his bid will be rejected and the
bid security will be forfeited.
21. CONVERSION TO SINGLE CURRENCY i.e. RUPEES
Should there be any necessity of conversion to a single currency i.e. Indian Rupees
for the purpose of evaluation and comparison of offers, the Purchaser will convert
the foreign currency content of each tender received into Rupees at the selling
exchange rate for each currency established by the Reserve Bank of India or any
other Commercial Bank in the Purchaser's country, for similar transactions on the
earlier of the following date, namely, on the day twenty eight days before the latest
date of tender opening.
22. SYSTEM PERFORMANCE GUARANTEE
22.1 Since the design of the system to achieve the end objective shall be checked and
confirmed by the contractor the tenderer shall give unqualified and unconditional
guarantee that when the design supplied by him is installed and commissioned at
site, it shall achieve the desired objective and that in the event of performance of
the system when installed not complying with the end objective or with the
specifications, he shall provide further inputs to enable the Railways to realise the
end objectives with full compliance of the specifications contained in these
documents. No additional payment will be made to the contractor for supply of
any additional goods and service required in this regard.
22.2 This certificate in the pro-forma given in Form No.7, shall accompany the offer.
Absence of this certificate which will form part of the agreement shall disqualify
the tenderer automatically.
23. AUTHORITY FOR ACCEPTANCE
The authority for the acceptance of the tender will rest with the Purchaser. The
purchaser shall not be bound to accept the lowest or any tender or to assign any
reason for non-acceptance or rejection of a tender. The purchaser reserves the right
to accept any tender in respect of the whole or any portion of the work specified in
the tender paper or to sub-divide the work among different Tenderers or to reduce
Signature of contractor Page 45 of 104 Dy CSTE/Proj/IRPMU/CNB