CIVIL WORK - Government of Himachal Pradesh

always provided that the advance shall be completely repaid prior to the expiry of the original time forcompletion.Repayment of secured advance:The advance shall be repaid from each succeeding monthly payments to the extentmaterials [for which advance was previously paid pursuant to Clause 51.4 of G.C.C. and51(3) of Contract Data on prepage] have been incorporated into the Works.The Securities shall be for the following minimum amounts equivalent as a percentage of [52]the Contract Price:Performance Security for 5 per cent of contract price plus Rs. ............ as additional securityfor unbalanced bids (in terms of ITB Clause 29.5).The standard form of Performance Security acceptable to the Employer shall be an unconditionalBank Guarantee of the type as presented in Section 8 of the Bidding Documents.The following events shall also be fundamental breach of contract: [59.2]1. The Contractor has contravened Sub-clause 7 of GCC read with SCC and Clause 9.0 ofGCC2. The contractor does not adhere to the agreed construction program (Clause 27 of GCC) andalso fails to take satisfactory remedial action as per agreements reached in the managementmeetings (Clause 31) for a period of 30 days.3. The contractor fails to carry out the instructions of Engineer within a reasonable timedetermined by the Engineer in accordance with GCC Clause 16.1 and 23.1.The percentage to apply to the value of the work not completed representing the Employer's [60]additional cost for completing the Works shall be 20 percent.The period for setting up a field laboratory with the prescribed equipmentis 15 days from the date of notice to proceed with the work._______________________________________Contractor EE 68