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BID Document for Guest House with Boundary Wall.pdf - Integrated ...

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(iv)<br />

Personal injury or death<br />

insurance:<br />

a) <strong>for</strong> other people;<br />

As per Workmen’s<br />

Compensation Act<br />

1923 and other<br />

Acts in <strong>for</strong>ce.<br />

As per Workmen’s<br />

Compensation Act<br />

1923 and other Acts in<br />

<strong>for</strong>ce.<br />

b) <strong>for</strong> Contractor’s<br />

Employees<br />

In accordance <strong>with</strong> the statutory requirements<br />

applicable to India, Workmen Compensation<br />

Act.<br />

The following events shall also be Compensation Events: [44]<br />

1. _____________________NIL_______________________________<br />

2. _____________________NIL_______________________________<br />

3. _____________________NIL_______________________________<br />

4. _____________________NIL_______________________________<br />

The period between program updates shall be 30 days. [27]<br />

The amount to be <strong>with</strong>held <strong>for</strong> late submission of an updated<br />

program shall be Rs 2,00,000.00 ____________________________________________[27]<br />

The language of the Contract documents is English [3]<br />

The law which applies to the Contract is the laws of Union of India [3]<br />

The currency of the Contract is Indian Rupees. [46]<br />

Fees and types of reimbursable expenses to be paid to the Adjudicator [25]<br />

Rs.3000.00 per sitting plus reimbursable expenses, (i.e.) Traveling, boarding & lodging expenses<br />

_____________________________________________________________________<br />

_____________________________________________________________________<br />

Appointing Authority <strong>for</strong> the Adjudicator The President, Institution of Engineers (India), Kolkata chapter [26]<br />

The <strong>for</strong>mula(e) <strong>for</strong> adjustment of prices are<br />

Deleted<br />

The proportion of payments retained (retention money) shall be 6% from each bill<br />

subject to a maximum of 5% of final contract price [48]<br />

The liquidated damages <strong>for</strong> the whole of the works are<br />

(0.05%) per day and that <strong>for</strong> the milestone are as under : [49]<br />

For milestone 1<br />

For milestone 2<br />

For milestone 3<br />

Rs 7000.00 per day<br />

Rs 3500.00 per day<br />

Rs 8500.00 per day<br />

The maximum amount of liquidated damages <strong>for</strong> the whole of the works [49]<br />

is ten percent of final contract price.<br />

The amounts of the advance payment are: [51]<br />

61

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