CA NO : CE (P) VIJAYAK/ /2012-13 Serial Page No : 01 ... - Bro.nic.in

CA NO. CE (P) VIJAYAK/ /2012-13 Serial Page No: 63TENDER NO: CE (P) VIJAYAK/46/ 2011-2012SPECIAL CONDITIONS (Contd…)26.2 The Contractor shall observe the laws/regulations applicable in the area regarding the employmentof labour, payment of wages and other cognate matters relating to the conditions.27. RATES AND PRICE ADJUSTMENT27.1 Rates quoted in Schedule “A” shall not be subjected to any adjustment whatsoever due tofluctuations in the local rates and rate of dearness allowances etc, for labour during the contractperiod and/or any other cause whatsoever except as allowed only vide clause 63 of the GeneralConditions of Contract of IAFW-2249.27.2 Contractor’s rates quoted in the Schedule “A” shall be deemed to be inclusive of all sucharrangement as may be involved in satisfactory execution of the work under the contract. No claimwhatsoever on account of any misunderstanding or otherwise shall be admitted.27.3 Any Local taxes/charges including Octroi, Royalty charges, income tax, Sales tax etc as perexisting order of the Govt. shall be borne by the contractor and the rate quoted by the tenderershall be deemed to be inclusive of all such contingencies.28. DEDUCTION OF TAXES AT SOURCE28.1 Income Tax : Income Tax at source shall be deducted as per existing instructions and as notifiedfrom time to time by the Income Tax authorities.28.2 Service Tax: The tax in respect of service provided in the shape of work, as payable to the stateGovt, as per their notification shall be deducted at source from the RAR/final bill of the contractoras per the rate prevailing at the time of execution of work. For the calculation of Service tax aspayable, the value of Schedule ‘B’ store, issued, if any be deducted from the contract amount. Anysubsequent increase/decrease in the service tax over and above the one prevailing at the time ofsubmission of bid will be adjusted suitably.29. SPECIAL SECURITY DEPOSIT (SSD)29.1 3% of the contract value shall be deposited by the contractor as Special Security Deposit either inthe form of bank guarantee or in the form of Deposit at Call receipt/Term Deposit/Special TermDeposit issued in favour of Chief Engineer, Project Vijayak, PIN-931721, C/o 56 APO byScheduled Bank, having validity till expiry of defect liability period (i.e. One year after completion ofwork). In case the contractor fails to deposit the SSD in this form, the amount shall be deductedfrom the RAR/final bill of the contract. The special Security Deposit will be released on successfulcompletion of defect liability period, on receipt of no demand/no claim certificate from thecontractor and OC, Contract.Signature of ContractorDated : _________________2012For Accepting Officer