SAILESH NAIR & ASSOCIATES
- 81 -
BOB, ANKALAV BRANCH, DIST. ANAND
1, DEFENCE KARMACHARI HSG. SOC. NR. UNITED COLONY, B/H. NAVRACHANA HIGH SCHOOL, SAMA,
VADODARA – 390 008 TELE-FAX. 0265 2784382 MOB : 9898072813 / 9427602817
upon 4themselves the burden of re-reference appoint an
umpire. The Arbitrator, the Arbitrators or the Umpire shall
have the power to open up, review and revise any certificate,
opinion, decision, requisition or notice save regard to the
expected matters referred to the preceding clause, and to
determine all matters in dispute which shall be submitted to
him or them and of which notice shall have been given
aforesaid. Upon every or any such reference the cost of an
incidental to the reference and award respectively shall in the
direction of the Arbitrator, or Arbitrators or the Umpire who
may determine the amount thereof, or direct the same to
taxed as between attorneys and client or to between party
and party, and shall direct by whom and to whom and in
what manner the same shall be borne and paid. This
submission shall be deemed to be a submission to The
Arbitration act, 1989 or any statutory modification thereof.
The award of the Arbitrator, or the Arbitrators, or the Umpire
shall be final and binding on the parties, Such reference
except as to the withholding by the
Architect of any
Certificates under clause 7.3.5 to which the Contractor
claims to be entitled, shall not be opened or entered upon
until after the completion of alleged completion of the works
or until after the practical cessation of the works arising from
any cause unless with the written consent of the
Bank and
Contractor.
11.8.3.
ARBITRATION:
a) Any dispute, controversy or claims out of or relating to this
Work Order or breach, or termination or invalidity thereof,
shall be settled by Arbitration in accordance with the
Arbitration and Conciliation Act, 1996 as at present in force.
11.8.4.
LEGAL:
a) All disputes and differences of any kind whatsoever arising
out of or in connection with the Work Order whether during or
after completion of contract shall be deemed to have arisen
at BARODA and only Courts in BARODA shall have
jurisdiction to determine the same.
11.8.5.
WORK TO BE CONTINUED DURING THE PENDANCY OF
THE ARBITRATION
a) The Contractor shall continue with the construction works
with due diligence and speed so as to complete the same
within the period agreed upon, notwithstanding any dispute
or difference or question is referred to arbitration. The works
shall not be delayed on account of any such reference made
to the Arbitrators.
SIGN & SEAL OF CONTRACTOR
SAILESH NAIR & ASSOCIATES
- 82 -
BOB, ANKLAV BRANCH, DIST. ANAND
1, DEFENCE KARMACHARI HSG. SOC. NR. UNITED COLONY, B/H. NAVRACHANA HIGH SCHOOL, SAMA, VADODARA
– 390 008 TELE-FAX. 0265 2784382 MOB : 9898072813 / 9427602817
SPECIAL CONDITIONS OF CONTRACT
1. Tenderers shall go through all documents before quoting rates and provide for necessary cost
as may be included in either bill or material or specifications.
2. Tenderers shall be given prices in blank column Entries in English made in ink. Arrive also at the
grand total must also fill in all “rates only columns” and sign all corrections.
3. Tender shall be invalid unless all rates are filled in. No arbitrary condition shall be submitted.
Tenders shall be signed by all the legal partners of the firm.
4. Each of the tender documents shall be signed by the Tenderer.
5. The Tenderer whose tender is accepted shall be bound to enter in to the contract within eight
days of intimation from
BANK.
6. Work shall be done night and day without extra charge, if necessary.
7. Tenderer shall provide for stacking of materials in such a way as to facilitate rapid checking of
quantities.
8. Materials supplied by owner shall be used only in owner’s work.
9. Contractors shall pay any local charges relating to execution of work.
10. Contractor shall allow for all wastages in the rates.
11. Contractor shall arrange for all temporary connections.
12. No extras shall be paid, quantity sheets and drawings both are to be considered jointly and
Architect is the final authority for the interpretation.
13. Site instruction shall be deemed for proper execution, and shall be carried out without extra
charge.
14. Order book with numbered pages shall be kept on site. Contractor shall carry out all instructions
properly.
15. Contractors shall insure whole work against fire, PICT and third party.
*APPENDIX TO GENERAL CONDITIONS OF CONTRACT
A Mobilization Period
7 days from the date of Work Order
B Date of Commencement of work on site
7 days after the date of Work order
C Completion Period
06 weeks from date of commencement
D Date of virtual completion
As per the schedule given above
E Earnest Money Deposit
To be paid by Demand Draft or
Banker's Cheque favouring
Bank of Baroda payable at
Anand
F Security Deposit
@ 2% of Contract Value refundable on Virtual completion.
G Retention Money
5 % of the payment
H Defects Liability Period
12 calendar months from Virtual Completion
J Liquidated Damages for Delay
½ % per day up to max. of 10% of Contract value
K Period of Final Measurement
1 month
L Frequency of Interim Bills
15 working days.
M Value of Interim Certificate
50 % of the contract value
N Period of honoring Interim Certificate
15 working days.
P Rate of Interest for delayed payments
As per prevalent Prime Lending Rate (PLR)
Signature of Contractors:
Witness: