REQUEST FOR QUOTATION - GAIL (India)

27b) The contractor shall not be entitled to increase in prices or for anycompensation whatsoever on account of the extension of timeallowed.c) Any extension of time granted under the provision of this clauseshall be without prejudice to other conditions of contract and willnot absolve the contractor from the obligations of other clausesunder the contract.The decision of the owner in this regard will be final and binding onthe contractor.45. TERMINATION OF CONTRACTThe Owner / Engineer-In-Charge reserves the right to terminate thecontract on giving 7 days notice without assigning any reason.46. SUMMARY TERMINATION OF CONTRACT DUE TO SUBMISSIONOF FALSE DOCUMENT46.1 Bidders are required to furnish the complete and correctinformation/documents required for evaluation of their bids. Ifthe information/documents forming basis of evaluation is foundto be false/forged, the same shall be considered adequateground for rejection of the Bids and forfeiture of Earnest MoneyDeposit.46.2 In case, the information/document furnished by the contractorforming basis of evaluation of his bid is found to be false/forgedafter the award of the contract, GAIL shall have full right toterminate the contract and get the remaining job executed atthe risk & cost of such contractor without any prejudice toother rights available to GAIL under the contract such asforfeiture of Security Deposit, withholding of payments etc.46.3 In case the issue of submission of false document comes to thenotice after execution of the work, GAIL shall have full right toforfeit any amount due to the contractor along with forfeiture ofSecurity Deposit furnished by the contractor.46.4 Further, such contractor/bidder shall be blacklisted for futurebusiness with GAIL.