28 Penalty Penalty Shall include : Security deposit as per clause 30 of General Conditions of Contract, and Liquidated Damages imposed as per clause 15 or Performance Security (Guarantee) including Additional Performance Security (Guarantee), if any, as per clause 29 of General Conditions of Contract, whichever is higher Performance guarantee months beyond the completion of 29 (Security) shall be valid up Defect Liability Period (Maintenance to Guarantee Period) Security Deposit to be At the rate of 5% of Gross Amount of Running deducted from each running Bill 30 bill Maximum of deduction Up to of Final Contract Amount. 5% of Security Deposit 31 Clause 31.1(1)Price As per Annexure R and as below: The price Adjustment shall apply only in adjustment shall be respect of Cement, Steel, Bitumen and POL applicable components. Price Adjustment shall be applicable only in case of Probable Amount of Contract (PAC) in NIT is more than Rs ten Cr. This clause shall not have any bearing with the Contract Amount. Clause 31.2.4 Weightages of Percentage of Component Component in the work in the work Component Road Bridge Building Work Work Work Cement - PRc 22.5% 18% Steel - PRs 7.5% 13% Bitumen - 15% 0 0 PRb POL - P 7.5% 5% 5% Rf 32P51F Clause 32.1 Mobilization and No Mobilization and Construction Machinery Construction Machinery Advance Payable Advance Applicable Clause 32.2 If yes, Not Applicable Unconditional Bank Guarantee Clause 32.3 If yes, Rate of Not Applicable interest chargeable on advances
28 Penalty Penalty Shall include : Security deposit as per clause 30 of General Conditions of Contract, and Liquidated Damages imposed as per clause 15 or Performance Security (Guarantee) including Additional Performance Security (Guarantee), if any, as per clause 29 of General Conditions of Contract, whichever is higher 29 Performance guarantee (Security) shall be valid up to months beyond the completion of Defect Liability Period (Maintenance Guarantee Period) 30 Security Deposit to be deducted from each running bill At the rate of 5% of Gross Amount of Running Bill Maximum of deduction of Security Deposit Up to 5% of Final Contract Amount. 31 Clause 31.1(1)Price adjustment shall be applicable As per Annexure R and as below: The price Adjustment shall apply only in respect of Cement, Steel, Bitumen and POL components. Price Adjustment shall be applicable only in case of Probable Amount of Contract (PAC) in NIT is more than Rs ten Cr. This clause shall not have any bearing with the Contract Amount. Clause 31.2.4 Weightages of Component in the work Component Percentage of Component in the work Road Work Bridge Work Building Work Cement - PRc 22.5% 18% Steel - PRs 7.5% 13% Bitumen - PRb 15% 0 0 POL - P Rf 7.5% 5% 5% 32P51F Clause 32.1 Mobilization and Construction Machinery Advance Applicable No Mobilization and Construction Machinery Advance Payable Clause 32.2 If yes, Unconditional Bank Guarantee Not Applicable Clause 32.3 If yes, Rate of interest chargeable on advances Not Applicable