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

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

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15. Force Majeure<strong>CIT</strong>, <strong>Kokrajhar</strong> may consider relaxing the penalty and delivery requirements, as specified inthis document, if and to the extent that the delay, in performance or other failure to performits 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.16. ArbitrationAll disputes of any kind arising out of supply, commissioning, acceptance, warrantymaintenance etc. shall be referred by either party (<strong>CIT</strong>, <strong>Kokrajhar</strong> 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 arbitration shallbe <strong>CIT</strong>, <strong>Kokrajhar</strong> India. The jurisdiction of the courts shall be <strong>Kokrajhar</strong>, 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 10.07.2013.Sd/-REGISTRAR<strong>CIT</strong>, KOKRAJHAR15

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