RFP 58/FY 2012-2013/CO: DIT/Laptops-USB/rk ... - Syndicate Bank
RFP 58/FY 2012-2013/CO: DIT/Laptops-USB/rk ... - Syndicate Bank
RFP 58/FY 2012-2013/CO: DIT/Laptops-USB/rk ... - Syndicate Bank
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Ref. No.: <strong>RFP</strong> <strong>58</strong>/<strong>FY</strong> <strong>2012</strong>-<strong>2013</strong>/<strong>CO</strong>: <strong>DIT</strong>/<strong>Laptops</strong>-<strong>USB</strong>/<strong>rk</strong> Date: 27-08-<strong>2012</strong><br />
7 NEGLIGENCE:<br />
In connection with the wo<strong>rk</strong> or contravenes the provisions of General Terms, if<br />
the Bidder neglects to execute the wo<strong>rk</strong> with due diligence or expedition or<br />
refuses or neglects to comply with any reasonable order given to him in writing<br />
by the <strong>Bank</strong>, in such eventuality, the <strong>Bank</strong> may after giving notice in writing to<br />
the Bidder calling upon him to make good the failure, neglect or contravention<br />
complained of, within such times as may be deemed reasonable and in default<br />
of the said notice, the <strong>Bank</strong> shall have the right to cancel the Contract holding<br />
the Bidder liable for the damages that the <strong>Bank</strong> may sustain in this behalf.<br />
Thereafter, the <strong>Bank</strong> is to be compensated for good the failure at the risk and<br />
cost of the Bidder.<br />
8 TERMINATION:<br />
a) The <strong>Bank</strong> reserves its right to cancel the entire/ unexecuted part of the<br />
Contract, at any time by giving 30 days written notice, without assigning<br />
reasons and without prejudice to any other remedy for breach of Contract.<br />
b) The <strong>Bank</strong> reserves its right to cancel the entire/ executed part of the Contract,<br />
at any time by giving 30 days written notice, in the event of any one or more<br />
of the following conditions:<br />
� If the Selected Bidder fails to deliver any or all of the Goods/ Services<br />
within the period(s) specified in the Contract or within any extension<br />
thereof granted by the <strong>Bank</strong>.<br />
� If the Selected Bidder fails to perform any other obligation(s) under the<br />
Contract.<br />
� If the Selected Bidder is not providing after sales and maintenance<br />
services and the calls are not attended for three or more occasions, the<br />
<strong>Bank</strong> is at liberty to terminate the Contract.<br />
� Delay in Implementation of the Project beyond the specified periods.<br />
� Non satisfactory performance of the Project during implementation.<br />
� Failure to integrate/ implement the project as per the requirements of the<br />
<strong>Bank</strong>.<br />
� Serious discrepancies noted in the implementation of the project.<br />
� Breach in the terms and conditions of the Order.<br />
� Non satisfactory performance of the Project in terms of affecting the Core<br />
Systems of the <strong>Bank</strong> or the Core Business of the <strong>Bank</strong> and the<br />
functioning of the Branches/ Offices of the <strong>Bank</strong>.<br />
In the event the <strong>Bank</strong> terminates the Contract in whole or in part, <strong>Bank</strong> may<br />
procure, upon such terms and in such manner, as it deems appropriate, Goods<br />
or Services similar to those undelivered and the Selected Bidder shall be liable<br />
to the <strong>Bank</strong> for any excess costs for such similar Goods or Services. However,<br />
the Selected Bidder shall continue performance of the Contract to the extent<br />
not terminated.<br />
If <strong>Bank</strong> does not want to use Hardware, Software supplied by the Bidder, the<br />
same will be returned and any amount paid will be recovered. <strong>Bank</strong> may<br />
liquidate BG or take legal recourse for recovering the amount. In case, legal<br />
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