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57Dy.Ex.Engr.cancelled and legal steps taken against the Contractor forrecovery of the amounts. The amount of security depositlodged by a Contractor shall be refunded along with thepayment of final bill, if the date upto which the Contractorhas agreed to maintain the work in good order is over, if suchdate is not over, only 50% amount of security deposit shall berefunded along with the payment of the final bill. The amountof the security deposit retained by the Government shall bereleased after expiry of period upto which the Contractor hasagreed to maintain the work in good order is over. In theevent of he Contractor failing or neglecting to completerectification work within the period upto which the Contractorhas agreed to maintain the work in good order, then subjectto provision of Clauses 17 and 20 hereto the amount ofsecurity deposit retained by Government shall be adjustedtowards the excess cost incurred by the Department onrectification work.________________________________________________* Note: This will be the same percentages as that in thetender at (e)Compensation forDelayClause 2 – The time allowed for carrying out the work asentered in the tender shall be strictly observed by theContractor and shall be Strictly observed by the Contractorand shall be reckoned from the date on which the order tocommence work is given to the Contractor. The work shallthroughout the stipulated period of the contract beproceeded with, with all due diligence (time being deemedto be the essence of the contract on the part of theContractor ) and the Contractor shall pay as compensationan amount equal to one percent of such smaller amount asthe Superintending Engineer (whose decision in writing shallbe final) may decide of the amount of the estimated cost ofthe whole work as shown by the tenderer for everyday thatthe work remains un-commenced or unfinished after theproper dates. And further to ensure good progress duringexecution of the work, the Contractor shall be bound, in allcases in which the time allowed for any work exceeds onemonth to complete.The Programme for completion of work is attached in form ofbar chart on page No.__________. The contractor issupposed to carryout the work and keep the progress as perbar chart on page No. _________. The contractor shouldcomplete the work as per phase period given below, which isarrived from the bar chart.1/4 th of the work in 1/4 th ** of the time½ of the work in ½ ** of the time3/4 th of the work in 3/4 th ** of the timeFull work to be completed in 12 Calendar months (includingmonsoon )Signature of the Contractor No. of Corrections Executive Engineer