REQUEST FOR QUOTATION - GAIL (India)

General Conditions of Contractfrom the items in this CONTRACT will be final andbinding on the CONTRACTOR.c) If the rates for the altered, additional or substitutedWORK cannot be determined in the manner specifiedin sub-clause(s) and (b) above, then theCONTRACTOR shall, within 7 days of the date ofreceipt of order to carry out the WORK, inform theENGINEER-IN-CHARGE of the rates which it is hisintention to charge for such class of WORK,supported by analysis of the rate or rates claimed,and the ENGINEER-IN-CHARGE shall determine therate or rates on the basis of the prevailing marketrates, labour cost at schedule of labour rates plus10% to cover contractor's supervision, overheads andprofit and pay the CONTRACTOR accordingly. Theopinion of the ENGINEER- IN-CHARGE as to currentmarket rates of materials and the quantum of labourinvolved per unit of measurement will be final andbinding on the CONTRACTOR.d) Where the item of work will be executed throughnominated specialist agency as approved by theENGINEER-IN-CHARGE, then the actual amountpaid to such nominated agency supported bydocumentary evidence and as certified byENGINEER-IN-CHARGE shall be considered plus10% (ten percent) to cover all contingencies,overhead, profits to arrive at the rates.e) Provisions contained in the Sub-clause (a) & (d)above shall, however, not apply for the following:-Where the value of additions of new items togetherwith the value of alterations, additions/deletions orsubstitutions does not exceed by or is not less thanplus/minus (+_)25% of the VALUE OF CONTRACT.The item rates in the Schedule of Rates shall holdgood for all such variations between the abovementioned limits, irrespective of anyincrease/decrease of quantities in the individual itemsof Schedule of Rates.Where the value of addition of new items togetherwith the value of alterations, additions/deletions orsubstitutions reduces more than 25% of the contractvalue but is within the following limits the tenderershall be paid compensation for decrease in the valueof work, as follows:S.No. Range of VariationPercentagecompensation fordecrease in the value ofwork in the respectiverange.a) Beyond (+) 25% No increase and/orupto & inclusive of decrease shall be(+) 50% applicable for theSchedule of Rates35