Name In the capacity of Signed Duly authorized to sign the Bid for and on behalf of Date Address………………………………………………………………………………….. BA-1 Appendix-A to Bid SPECIAL STIPULATIONS Clause Conditions of Contract Engineer’s Authority to Variation in Rs: 500,000/= 1. 2.1 emergency The law to be applied is the law of Islamic 3. Law applicable 5.1(b) Republic of Pakistan 10 % of Bank Guarantee or 30% of Insurance Bond from a AA Rated 4. Amount of Performance Security 10.1 insurance company on the approved panel of NHA for the sum mentioned in LOA. Within 14 days from the date of issuance 5. Time for Furnishing Program 14.1 of Letter of Acceptance. Rs. 500,000/- per occurrence with number 6. Minimum amount of Third Party Insurance 23.2 of occurrences unlimited. Within 14 days from the date of receipt of Engineer’s Notice to Commence which 7. Time for Commencement 41.1 shall be issued within fourteen (14) days after signing of Contract Agreement /Letter of Award. 43.1, 01 Year (12) Months from the date of 8. Time for Completion 48.2 receipt of Engineer’s Notice to Commence. 0.1 % for each day of delay in completion of the Works subject to a maximum of 9. a) Amount of Liquidated Damages 47.1 10% of Contract Price stated in the Letter of Acceptance. b) Amount of Bonus 47.3 NA. 365 Days from the effective date of Taking 10. Defects Liability Period 49.1 Over Certificate. 05 % of the amount of Interim Payment 11. Percentage of Retention Money 60.2 Certificate. Minimum amount of Interim Payment Fifteen Percent (15%) of Contract Price 13. 60.2 Certificates (Running except final payment certificate. Time of Payment from delivery of Engineer’s 15. 60.10 42 days Interim Payment Certificate to the Employer. 16. Mobilization Advance * (Interest Free) 60.12 N/A
Name In the capacity of Signed Duly authorized to sign the Bid for and on behalf of Date Address………………………………………………………………………………….. BA-1 Appendix-A to Bid SPECIAL STIPULATIONS Clause Conditions of Contract 1. Engineer’s Authority to Variation in emergency 2.1 Rs: 500,000/= 3. Law applicable 5.1(b) The law to be applied is the law of Islamic Republic of Pakistan 4. Amount of Performance Security 10.1 10 % of Bank Guarantee or 30% of Insurance Bond from a AA Rated insurance company on the approved panel of NHA for the sum mentioned in LOA. 5. Time for Furnishing Program 14.1 Within 14 days from the date of issuance of Letter of Acceptance. 6. Minimum amount of Third Party Insurance 23.2 Rs. 500,000/- per occurrence with number of occurrences unlimited. 7. Time for Commencement 41.1 Within 14 days from the date of receipt of Engineer’s Notice to Commence which shall be issued within fourteen (14) days after signing of Contract Agreement /Letter of Award. 8. Time for Completion 43.1, 48.2 01 Year (12) Months from the date of receipt of Engineer’s Notice to Commence. 9. a) Amount of Liquidated Damages 47.1 0.1 % for each day of delay in completion of the Works subject to a maximum of 10% of Contract Price stated in the Letter of Acceptance. b) Amount of Bonus 47.3 NA. 10. Defects Liability Period 49.1 365 Days from the effective date of Taking Over Certificate. 11. Percentage of Retention Money 60.2 05 % of the amount of Interim Payment Certificate. 13. Minimum amount of Interim Payment Certificates (Running 60.2 Fifteen Percent (15%) of Contract Price except final payment certificate. 15. Time of Payment from delivery of Engineer’s Interim Payment Certificate to the Employer. 60.10 42 days 16. Mobilization Advance * (Interest Free) 60.12 N/A
RM-PN-17-05-24.docx