standard industry practice. 37 76 Conditions of The Employer shall have The Asset to be deployed The World Bank General for this project is highly Contract the right to terminate the Conditions of the Contract capital intensive and Contract only in case of holds good specialized in nature. Clause 59.4 breach of contractual Further, finding alternate Notwithstanding the obligations. deployment for these above, the Employer assets would be difficult may terminate the Hence request deletion of and also in the event of Contract for clause 59.4 Dredger is idle, the convenience. Contractor shall incur losses. Hence, we request that Employer shall not terminate the Contract for Convenience. 38 76 Conditions of We request that the We request for a cure The World Bank General Contract Contractor shall give a cure period for rectification of Conditions of the Contract 59.1 The Employer period of 30 days for breach of contract before holds good or the Contractor rectification of breach of the Employer exercises its may terminate the contract, If the Contractor right of termination. Contract if the other fails to rectify the breach party causes a during the said period, the fundamental breach Employer shall have the of the Contract. right to terminate the
standard industry practice. 37 76 Conditions of Contract Clause 59.4 Notwithstanding the above, the Employer may terminate the Contract for convenience. The Employer shall have the right to terminate the Contract only in case of breach of contractual obligations. Hence request deletion of clause 59.4 The Asset to be deployed for this project is highly capital intensive and specialized in nature. Further, finding alternate deployment for these assets would be difficult and also in the event of Dredger is idle, the Contractor shall incur losses. Hence, we request that Employer shall not terminate the Contract for Convenience. The World Bank General Conditions of the Contract holds good 38 76 Conditions of Contract 59.1 The Employer or the Contractor may terminate the Contract if the other party causes a fundamental breach of the Contract. We request that the Contractor shall give a cure period of 30 days for rectification of breach of contract, If the Contractor fails to rectify the breach during the said period, the Employer shall have the right to terminate the We request for a cure period for rectification of breach of contract before the Employer exercises its right of termination. The World Bank General Conditions of the Contract holds good
Pre%20bid%20clarifications%20for%20the%20NMK%20works.docx