SAILESH NAIR & ASSOCIATES
- 27 -
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
2.2.2.
Any discrepancy in or divergence between the Drawings or
between the Schedule of quantities and/or Drawings and/or
specifications.
2.2.3.
The removal from the site of any materials brought thereon
by the Contractor and the substitutions of any other materials
thereof.
2.2.4.
The removal and/or re-execution of any works executed by
the Contractor.
2.2.5.
The postponement of any work to be executed under the
provisions of this Contract.
2.2.6.
The dismissal from the works of any person employed
thereupon.
2.2.7.
The opening up for inspection of any work covered up.
2.2.8.
The amending and making good of any defects.
2.2.9.
Co-ordination of work with other agencies appointed by the
Bank for due fulfillment of the total work.
2.2.10.
The
Bank shall have a right to delete any item of work from
the scope of contract and contractor shall not make any extra
claim on this account.
2.2.11.
The Contractor shall forthwith comply with and duly execute
any work contained in
Architect’s instructions whether oral
or written, It is provided that verbal instructions, directions
and explanations given to the Contractor or his
representative upon the works by the
Architect shall, if
involving a variation, be confirmed in writing by the
Contractor within 5 days and if not dissented from in writing
within a further 10 days by the
Architect, such shall be
deemed to be the
Architect's instructions within the scope of
the contract.
2.2.12.
If Compliance with the
Architect's instructions involves any
variation, the
Bank shall pay the Contractor on the
Architect's certificate the price of the said work (As an extra
to be valued by the
Architect as hereinafter provided).
2.2.13.
If the Contractor fails to comply with the
Architect's
instructions within a fortnight after the receipt of written
notice from the
Architect requiring compliance with such
instructions, the
Bank through the
Architect may employ
some other agency to execute any work whatsoever which
may be necessary to give effect to such instructions
2.2.14.
For the purpose of entering day-to-day instructions by the
Architect, the Contractor shall maintain at his own cost, a
“Site Instruction Book
” in quadruplicate in which the
instructions shall be entered by
Architect.
SAILESH NAIR & ASSOCIATES
- 28 -
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
2.2.15.
‘Instruction’ to the Contractor shall be generally issued
through
Architect. However Bank may issue instructions
directly, if deemed fit.
3.
GENERAL OBLIGATIONS
3.1.
CONTRACT:
The contractor shall enter into and execute a contract in the form
annexed hereto within the line specified in the letter of intent and in
default thereof the earnest money paid by the contractor shall be
forfeited and acceptance of this tender shall be considered as
withdrawn. The cost of the stamp of the agreement is to be borne and
paid by the contractor.
3.2.
TOTAL SECURITY DEPOSIT:
Total Security Deposit shall comprise:
Earnest Money Deposit
Initial Security Deposit
Retention Money
3.2.1.
EARNEST MONEY DEPOSIT:
a) The Tenderer shall deposit an
Earnest Money Deposit
(EMD), in the form of Demand Draft or
Banker’s cheque
drawn in favour of
Bank of Baroda at the time of submission
of tender as Earnest Money.
b) No tender shall be considered unless the Earnest Money is
so deposited. No Interest shall be paid on this Earnest
Money Deposit.
c) The Earnest Money of an unsuccessful Tenderer will be
refunded, without any interest, soon after the decision to
award the work is taken.
d) The Earnest Money Deposit shall stand absolutely forfeited if
the Tenderer revokes his tender at any time during the
period when he is required to keep his tender open for
acceptance by the
Bank, or if, after the tender is accepted,
the Contractor fails to enter into a formal agreement/or if he
fails to pay the security deposit as stipulated/or if he fails to
commence the work within stipulated time limit.
3.2.2.
SECURITY DEPOSIT:
a) The successful Tenderer to whom the Contract is awarded
shall deposit as initial security deposit by Demand draft or
Bank Guarantee a sum to make up 2% of the value of the
accepted tender after the appropriation of the Earnest Money
deposited by him.
b) The successful Tenderer shall pay security deposit within
Ten days after receiving the letter of acceptance of his
tender. No interest shall be paid on this security deposit.