CENTRAL INSTITUTE OF TECHNOLOGY ... - CIT, Kokrajhar...

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12.2. For imported items, 90% payment shall be made by Sight Draft / an IrrevocableLetter of Credit established in favour of the supplier through the State Bank of India,Kokrajhar Branch, Kokrajhar-783370 (India). Balance 10% will be released aftercompletion of satisfactory installation, commissioning, demonstration of the wholesystem, after imparting training and upon receipt of Bank Guarantee for 10% of totalOrder value towards performance security to be valid for one year from the date ofinstallation. However Letter of Credit/Sight Draft arrangement will be made for 100%order value. The Agency Commission to the Indian Agent will be paid in INR only aftersuccessful installation, commissioning and satisfactory demonstration and acceptance ofthe items ordered for by the end user.13. Penalty/LD13.1. As time is the essence of the contract, Delivery period mentioned in the PurchaseOrder should be strictly adhered to. Otherwise CIT, Kokrajhar will forfeit EMD and alsoLD clause will be applicable /enforced.13.2. If the supplier fails to Supply, Install and Commission the system as perspecifications mentioned in the order within the due date, the Supplier is liable to payliquidated damages of 1% of order value per every week of delay subject to a maximumof 10% beyond the due date. Such money will be deducted from any amount due orwhich may become due to the supplier.13.3. CIT, Kokrajhar reserves the right to cancel the order in case the delay is more than10 weeks. Penalties, if any, will be deducted from the Earnest Money Deposit.14. JurisdictionThe disputes, legal matters, court matters, if any, shall be subject to KokrajharJurisdiction only.15. Force MajeureCIT, Kokrajhar may consider relaxing the penalty and delivery requirements, as specifiedin this document, if and to the extent that the delay, in performance or other failure toperform its obligations under the Contract, is the result of a Force Majeure.Force Majeure is defined as an event of effect that cannot reasonably be anticipated suchas acts of God (like earthquakes, floods, storms etc.) acts of states, the direct and indirectconsequences of wars (declared or undeclared) hostilities, national emergencies, civilcommotion and strikes at successful BIDDER‟s premises.18
16. ArbitrationAll disputes of any kind arising out of supply, commissioning, acceptance, warrantymaintenance etc. shall be referred by either party (CIT, Kokrajhar or the BIDDER) afterissuance of 30 days‟ notice in writing to the other party clearly mentioning the nature ofdispute to a single arbitrator acceptable to both the parties. The venue for arbitrationshall be CIT, Kokrajhar India. The jurisdiction of the courts shall be Kokrajhar, Assam,India.The interested vendors who fulfill above conditions may submit their minimum quotes to theundersigned in a sealed cover by Speed post/ Registered Post or Courier or drop down in thetender box so as to reach this office on or before 3.00 pm on 05.12.2012.REGISTRARCIT, KOKRAJHAR19
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Page 15 and 16: SECTION - 3 : CONDITIONS OF CONTRAC
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Page 21 and 22: SECTION-5: SCHEDULE OF REQUIREMENTS
Page 23 and 24: Should support IEEE 802.3ad Link Ag
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