Penalty for not establishing As per rule Laboratory 18 Defect Liability Period 36months (3 years) after physical completion of work 21 Competent Authority for As per rule determining the rate 27 Any other condition for breach ____________________________ of contract 28 Penalty Penalty Shall include (a) Security deposit as per clause 30 of General Conditions of Contract and (b 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 Till issue of physical Completion Certificate as per (Security) shall be valid up to Clause 35.1 30 Security Deposit to be deducted At the rate of 5%. from each running bill Maximum of deduction of Up to 5% of Final Contract Amount. Security Deposit 31 Price Adjustment formula and N.A. procedure to calculate 31.1 (1) Price adjustment shall be Price Adjustment shall be applicable only in case applicable where the amount in NIT is more than Rs. 10 (Ten) Crores. This clause shall not have any bearing with the Contract Amount. 32:1 Mobilization and No Mobilization and Construction Machinery Construction Machinery Advance be payable. Advance Applicable 32.2 If yes, Unconditional Bank Not Applicable Guarantee 32 32.3 If yes, Rate of interest Not Applicable chargeable on advances 32.4 If yes, Type & Amount of 1. Mobilization advance - Not more than ... % of Advance payment that can be contract amount paid
Penalty for not establishing Laboratory As per rule 18 Defect Liability Period 36months (3 years) after physical completion of work 21 Competent Authority for determining the rate As per rule 27 Any other condition for breach of contract ____________________________ 28 Penalty Penalty Shall include (a) Security deposit as per clause 30 of General Conditions of Contract and (b 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 Till issue of physical Completion Certificate as per Clause 35.1 30 Security Deposit to be deducted from each running bill At the rate of 5%. Maximum of deduction of Security Deposit Up to 5% of Final Contract Amount. 31 Price Adjustment formula and procedure to calculate N.A. 31.1 (1) Price adjustment shall be applicable Price Adjustment shall be applicable only in case where the amount in NIT is more than Rs. 10 (Ten) Crores. This clause shall not have any bearing with the Contract Amount. 32 32:1 Mobilization and Construction Machinery Advance Applicable No Mobilization and Construction Machinery Advance be payable. 32.2 If yes, Unconditional Bank Guarantee Not Applicable 32.3 If yes, Rate of interest chargeable on advances Not Applicable 32.4 If yes, Type & Amount of Advance payment that can be paid 1. Mobilization advance - Not more than ... % of contract amount
Draft-Tender_OAT-Bhitauli_Retender.docx