REQUEST FOR PROPOSALS

1.10 The Consultants and the personnel shall pay the taxes, duties, fees, levies and other
impositions levied under the existing, amended or enacted laws (prevailing 7 days
before the last date of submission of bids) during life of this contract and the Client
shall perform such duties in regard to the deduction of such tax as may be lawfully
imposed.
2.1 The effectiveness conditions are the following:
a) The contract has been approved by NHIDCL.
b) The Consultant will furnish within 15 days of the issue of letter of acceptance, an
unconditional Bank Guarantee from a Nationalised Bank, IDBI or ICICI/ICICI
Bank/Foreign Bank/EXIM Bank / Any Scheduled Commercial Bank approved by RBI
having a networth of not less than 500 crore as per latest Annual Report of the Bank. In
the case of a Foreign Bank (issued by a Branch in India) the net worth in respect of
Indian operations shall only be taken into account. In case of Foreign Bank, the BG
issued by Foreign Bank should be counter guaranteed by any Nationalised Bank in
India. In case of JV, the BG shall be furnished on behalf of the JV or lead partner of JV
for an amount equivalent to 10%of the total contract value to be received by him
towards Performance Security valid for a period of three years beyond the date of
completion of services.
2.2 The time period shall be “four months” or such other time period as the
parties may agree in writing.
2.3 The time period shall be “fifteen days” or such other time period as the Parties
may agree in writing.
2.4 The time period shall be ------ months or such other time period as the parties may
agree in writing.
3.4 Limitation of the Consultants’ Liability towards the Client
(a) Except in case of negligence or willful misconduct on the part of the Consultants or on
the part of any person or firm acting on behalf of the Consultants in carrying out the
Services, the Consultants, with respect to damage caused by the Consultants to the
Client’s property, shall not be liable to the Client:
(i)
(ii)
for any indirect or consequential loss or damage; and
for any direct loss or damage that exceeds (A) the total payments for Professional
Fees and Reimbursable Expenditure made or expected to be made to the Consultants
hereunder, or (B) the proceeds the Consultants may be entitled to receive from any
insurance maintained by the Consultants to cover such a liability, whichever of (A) or
(B) is higher.
(b)
This limitation of liability shall not affect the Consultants’ liability, if any, for damage