Property_Manu - Final - The New India Assurance Co. Ltd.

The New India Assurance Co.Ltd.The Committee after scrutinizing the documents/ information given by the vendor and also theinspection report submitted shall finalize the panel with the assistance of the concernedDepartment. Such panel should be approved by DGM(E) in HO and Chief Regional Manager inRO.Any agent, mediator, representatives etc should not be selected under any circumstances.The panel so constituted shall be valid for a period of two years. Since constitution of panelinvolves expenditure by way of advertisement and also substantial amount of manpower, thevalidity of the panel may be extended further subject to satisfactory performance of the vendorsand submission of valid/ current Trade License, Sales Tax & Income Tax returns. However, inevery two years panel should be revised and unsuccessful printers are to be deleted from thepanel.The validity of the panel for extended period must be approved by DGM at HO/ Regional Inchargein RO.After finalization of the panel, the EMD of the unsuccessful printers should be returned and thoseof the empanelled Vendors will be kept as security deposit. The EMD and SD will bear nointerest which must be specifically mentioned in the tender document.Empanelment letters should be issued to the successful printers. Such letter must be very clearand unambiguous and the following points must be mentioned in order to avoid any futurecomplications.1) Validity period of the panel.2) The S D will bear no interest.3) The empanelment is subject to satisfactory performance of the Printer.4) The Company is not subject to any terms, conditions, stipulations imposed/ to be imposedby the printer.5) The Company reserves right to de-panel any Printer without assigning any reason/s bygiving thirty days notice in writing. Similarly any Printer may withdraw from the panel bygiving thirty days notice.6) The Printer should participate in all Tender process when called for.7) The validity period of empanelment may be reduced or extended if so felt by the Company.8) Reference of the terms and conditions of tender paper issued & submitted.136 MANUAL ON ESTATE & ESTABLISHMENT