Without prejudice to anything contained in the foregoing paragraphs, the contractor shall always maintain the Performance Security Bank Guarantee at the full amount until the date of issuance of the Defects Liability Certificate in accordance with the terms and conditions of the contract. If the contractor fails to maintain the performance security in the full amount, the employer may by registered letter sent to the contractor, terminate his employment under the contract without necessity for any legal or other formality or reference to judicial proceedings. The acceptance of the Tender shall be conditional and not finally binding upon the Employer until the Performance Security Bank Guarantee has been duly provided and the actual contract signed between the Employer and the contractor. Should the contractor fail to sign the contract within the stipulated time or to provide the Performance Security Bank Guarantee within the period allowed or for any other reason withdraw his participation in the Tender, the Employer may withdraw his acceptance of the Tender without any notice or other formality and may enter into a new Agreement for the execution of the Works or any part of it and thereupon the amount of Earnest Money Deposit(EMD) / Tender security shall be confiscated by the Employer without any necessity for any legal or other formality or reference to judicial proceedings of proof of damage and without prejudice to the right of the Employer. No payment shall be released to the contractor unless the agreement is signed. Any further information or clarification which the Tenderer may require in order to complete his Tender may be contained from: Embassy of India, Via XX Settembre, 5 00187 Rome (Italy) – All information requested by and supplied to one bidder will be supplied to all bidders. At any time to the date of opening of the proposals the Employer may issue an addendum in writing to all persons or firms to whom the Tender documents have been issued, deleting, varying or extending any item of this acknowledged and so noted in the space provided in the Tender. Unless it is in formal manner described above, any representation or explanation to the Bidder shall not be considered valid or binding on the Employer as to the meaning of anything connected with the Tender Document.
Without prejudice to anything contained in the foregoing paragraphs, the contractor shall always maintain the Performance Security Bank Guarantee at the full amount until the date of issuance of the Defects Liability Certificate in accordance with the terms and conditions of the contract. If the contractor fails to maintain the performance security in the full amount, the employer may by registered letter sent to the contractor, terminate his employment under the contract without necessity for any legal or other formality or reference to judicial proceedings. The acceptance of the Tender shall be conditional and not finally binding upon the Employer until the Performance Security Bank Guarantee has been duly provided and the actual contract signed between the Employer and the contractor. Should the contractor fail to sign the contract within the stipulated time or to provide the Performance Security Bank Guarantee within the period allowed or for any other reason withdraw his participation in the Tender, the Employer may withdraw his acceptance of the Tender without any notice or other formality and may enter into a new Agreement for the execution of the Works or any part of it and thereupon the amount of Earnest Money Deposit(EMD) / Tender security shall be confiscated by the Employer without any necessity for any legal or other formality or reference to judicial proceedings of proof of damage and without prejudice to the right of the Employer. No payment shall be released to the contractor unless the agreement is signed. Any further information or clarification which the Tenderer may require in order to complete his Tender may be contained from: Embassy of India, Via XX Settembre, 5 – 00187 Rome (Italy) All information requested by and supplied to one bidder will be supplied to all bidders. At any time to the date of opening of the proposals the Employer may issue an addendum in writing to all persons or firms to whom the Tender documents have been issued, deleting, varying or extending any item of this acknowledged and so noted in the space provided in the Tender. Unless it is in formal manner described above, any representation or explanation to the Bidder shall not be considered valid or binding on the Employer as to the meaning of anything connected with the Tender Document.