REQUEST FOR PROPOSAL - Madhya Pradesh Road Development ...
REQUEST FOR PROPOSAL - Madhya Pradesh Road Development ...
REQUEST FOR PROPOSAL - Madhya Pradesh Road Development ...
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RFP document for Independent Engineer for roads under Rewa Division(c) Reimbursable expenditures actually and reasonably incurred by theConsultants in the performance of the Services, as specified in Clause SC6.3(b).6.3 Currency of Payment(a)All the payments shall be made in the Indian currency.6.4 Mode of Billing and PaymentBilling and payments in respect of the Services shall be made as follows:(a)(b)(c)The Client shall cause to be paid to the Consultants an interestbearing advance payment as specified in the SC, and as otherwise set forthbelow. The advance payment will be due after provision by the Consultantsto the Client of a bank guarantee by a bank acceptable to the Client inan amount (or amounts) and in a currency (or currencies) specified in theSC, such bank guarantee (I) to remain effective until the advance paymenthas been fully set off as provided in the SC, and (ii) to be in the form setforth in Appendix I hereto or in such other form as the Client shall haveapproved in writing.As soon as practicable and not later than fifteen (15 days) after the end ofeach calendar month during the period of the Services, the Consultantsshall submit to the Client, in duplicate, itemized statements,accompanied by copies of receipted invoices, vouchers and otherappropriate supporting materials, of the amounts payable pursuant toClauses GC 6.3 and 6.4 for such month. Each such separate monthlystatement shall distinguish that portion of the total eligible costswhich pertains to remuneration from that portion which pertains toreimbursable expenditures.The Client shall cause the payment of the Consultants periodically as givenin schedule of payment above within sixty (60) days after the receipt bythe Client of bills with supporting documents. Only such portion of amonthly statement that is not satisfactorily supported may be withheldfrom payment. Should any discrepancy be found to exist between actualpayment and costs authorized to be incurred by the Consultants, the Clientmay add or subtract the difference from any subsequent payments. Interestat the rate specified in the SC shall become payable as from the above due89