municipal corporation of jalandhar (mcj) water supply division ...

Municipal Corporation of Jalandhar (MCJ)
G AWARD OF CONTRACT
37. Award 37.1 Subject to Clause 39, the Employer will award the Contract to
the bidder whose bid has found lowest as explain in clause 37.
38. Employer’s Right to
Accept any Bid and to
Reject any or all Bids
38.1 Notwithstanding Clause 38, the Employer reserves the right to
accept or reject any bid, and to annul the bidding process and
reject all bids, at any time prior to award of Contract, without
thereby incurring any liability to the affected bidder or bidders
or any obligation to inform the affected bidder or bidders of the
grounds for the Employer’s action.
39. Notification of Award 39.1 Prior to expiry of the period of bid validity prescribed by the
Employer, the Employer will notify the successful bidder that
its bid has been accepted. This letter (hereinafter and in the
Conditions of Contract called the “Letter of Acceptance”) shall
name the sum which the Employer will pay the Consultant in
consideration of the Terms of Reference as prescribed by the
Contract (hereinafter and in the Conditions of Contract called
“the Contract Price”).
39.2 The notification of award will constitute the formation of the
Contract.
40. Signing of Agreement 40.1 At the same time that the Employer notifies the successful
bidder that its bid has been accepted, the Employer will send
the bidder the Form of Agreement (Appendix: 4) provided in
the bidding documents, incorporating all agreements between
the parties.
40.2 Within 7 days of receipt of the Form of Agreement, the
successful bidder shall sign the Form and return it to the
Employer.
41. Performance Bank
Guarantee (PBG)
41.1 The successful bidder shall at his own expense deposit an
unconditional and irrevocable Performance Bank Guarantee
(PBG) from a scheduled bank in suitable format(Appendix:5),
payable on demand, for the due performance and fulfilment of
the contract by the bidder, with the Commissioner, MCJ within
fifteen (15) working days of the date of notice of award of the
contract or prior to signing of the contract whichever is earlier,
a. This Performance Bank Guarantee will be for an amount
equivalent to 10% of contract value. All incidental charges
whatsoever such as premium; commission etc. with respect to
the performance bank guarantee shall be borne by the bidder.
The Bank Guarantee shall be valid for a period of 18 months
from the date of signing of contract. If the accepted Bidder
fails to furnish the bank guarantee within the above said
period, the EMD remitted by him will be forfeited by the
Section 1: Instructions to Bidders - 22 -