BID DOCUMENTS - Rajasthan Agriculture Marketing Board

A contractor may, however, elect to furnish bank guarantee or any acceptable form of securityfor an amount equal to the full amount of security deposit @ 10% of the work order before orat the time of executing the agreement. In that case, earnest money may be refunded only afterfurnishing of the bank guarantee as above. During the execution of the work or aftercompletion of the work also a contractor may replace the security deposit by furnishing bankguarantee for an equal amount. However, during execution of the work if cost of workexceeds as shown at the time of furnishing bank guarantee, balance security deposit shall bededucted from the Running Account Bills.8 The acceptance of the tender will rest the competent authority who does not bind itself toaccept the lowest tender, and reserves to itself the authority to reject any or all of thetenders received without assigning any reason.9 Tender forms as issued from office(s) mentioned above (Para 4) must be returned with allenclosures, to the following office/offices, on the date of receipt of tenders:Sno. Value of Tenders Name of Office(i) Tenders for which sanctioning authority is Executive E.E. OfficeEngineer/ Superintending Engineers(ii) Tenders for which sanctioning authority is Superintending Circle OfficeEngineer.(iii) Tenders for which sanctioning authority is AdditionalChief Engineer.Circle Office10 No refund tender fee is claimable for tenders not accepted or forms returned or for tendersnot submitted.11 The tenders for works shall remain open for acceptance for a period as given below fromthe date of opening of Financial Bid.1 For tenders to be accepted by Executive Engineer 20 days2 For tenders to be accepted by Superintending Engineer 30 days3 For tenders to be accepted by Additional Chief Engineer 40 days4 For tenders to be accepted by Additional Chief Engineer on 60 daysrecommendation of Tender Committee5 For tenders to be accepted by Board 70 daysIf any tenderer withdraws his tender prior to expiry of the said validity period or mutuallyextended period or makes modifications in the rates, terms and conditions of the tenderwithin the said period which are not acceptable to the department, or fails to commencethe work in the specified period/fails to execute the agreement the department shall,without prejudice to any other right or remedy be at liberty to forfeit the amount ofearnest money given in any form absolutely. If any contractor who having submitted atender does not execute the agreement or start the work or does not complete the workand the work has to be put to retendering, he shall stand debarred from participating insuch retendering in addition to forfeiture of Earnest money / Security Deposit and otheraction under agreement.12 All tenders, in which any of the prescribed conditions are not fulfilled or which have beenvitiated by errors in calculations, totaling or other discrepancies or which contain overwritingin figures or words or corrections not initialed and dated will be liable forrejection.13 Enlisted contractors, will be required to pay Earnest money @ ½% of estimated cost ofwork put to tender, in case of work they are authorised to tender under rules forenlistment of contractors, but the amount to the extend of full Earnest money shall beliable to be forfeited in the event of circumstances explained in clause 11 above. Degree /Signature of ContractorExecutive Engineer