REQUEST FOR PROPOSALS

The Successful Consultant will furnish within 10 days of the issue of Letter of
Acceptance (LOA), an unconditional Bank Guarantee of 10% of the total contract value
valid for a period of three years beyond the date of completion of services from any
Scheduled Bank approved by RBI having a net worth of not less than 500 Crore as
per latest Annual Report of the Bank. In case of JV, the BG shall be furnished on behalf
of the JV or by the lead member of the JVs. The Performance Guarantee will be
released by NHIDCL upon expiry of 3 years beyond the date of completion of
services provided, rectification of errors if any, found during implementation of the
contract for civil work and satisfactory report by NHIDCL in this regard is issued. If
a Consultant fails to submit the Performance Security (as specified above), it shall
attract penalty of encashment of Bid Security submitted by the Consultant.
8. Penalty
The Consultant will indemnify for any direct loss or damage that may accrue due to
deficiency in services in carrying out Feasibility Study, Detailed Project Reportor
providing pre-construction services. Penalty shall be imposed on the Consultants for
poor performance/deficiency in service as expected from the Consultant and as stated
in General Conditions of Contract.
9. Award of Contract
After successful Negotiations with the selected Consultant, the Client shall issue letter
of award and ask the Consultant to provide Performance Security as in Para 7 above. If
negotiations (as per para 6 above) fail or the selected Consultant fail to provide
performance security within the prescribed time or the Consultant fail to sign the
Contract Agreement within prescribed time the Client may invite the 2 nd ranking
bidder Consultant for Contract negotiations and follow the procedure outlined in Para
6, 9 and 10 of this Letter of Invitation.
10. Signing of Contract Agreement
After having received the performance security and verified it, the Client shall invite
the selected bidder for signing of Contract Agreement on a date and time convenient to
both parties within 15 days of receipt of valid Performance Security.
11. The Client shall keep the bidders informed during the entire bidding process and shall
host the following information on its website:
i) Notice Inviting Tender (NIT)
ii) Request For Proposal (RFP)
iii) Replies to pre-bid queries, if any
iv) Amendments/corrigendum to RFP
v) Instruction to Bidders (ITB)
12. Confirmation
We would appreciate you informing us by facsimile/e-mail .
Thanking you.
Yours sincerely,