SECURITY DEPOSIT. The successful tenderer will have to deposit DD of 3 % of the total order value in favour of “Indian Institute of Management Raipur” payable at Raipur drawn on any Nationalized Bank/Scheduled Bank and valid for 60 days beyond the expiry period of onsite warranty (03 years). 3. In the event of bidder backing out before actual award or execution of agreement, IIMR will have right to forfeit the EMD. In case the successful tenderer declines the offer of contract, for whatsoever reason(s) his EMD will be forfeited. 8. Intending tenderers are advised to inspect and examine the site and its surroundings and satisfy themselves before submitting their tenders to the nature of the site / location before submitting bid. The nature of the site / location, the means of access to the site, the accommodation they may require and in general shall themselves obtain all necessary information as to risks, contingencies and other circumstance which may influence or effect their tender. A tenderer shall be deemed to have full knowledge of the site whether he inspects it or not and no extra charges consequent on any misunderstanding or otherwise shall be allowed. Submission of tender by a tenderer implies that he has read this notice and all other contract documents has made himself aware of the scope and specifications of the work do be done. 9. The IIMR will not provide any residential space for accommodation to the Agency. The agency has to make its own arrangement for the residential accommodation to the deployed staff. 10. The IIMR is not bound to award contract at the lowest price received in the Tender and reserves the right to decide on fair and reasonable price of the services tendered for any counter offer the same to the bidders. All other terms and conditions of the tender shall remain operative even if a counteroffer rate is offered to the bidders. IIMR reserves the right to negotiate with first lowest bidder to arrive at the fair and reasonable price. In case of first lowest is more than one, then it would be at the discretion of the IIMR. 11.
SECURITY DEPOSIT. The Security Agency shall furnish a Security Deposit in the form of Bank Guarantee (from any one of the Nationalized Bank or SBI) or by Demand Draft for 5% of the total Contract Value of one year. This Security Deposit should be furnished within 10 days of the issue of the Contact. This Security Deposit will not bear any interest .The Security Deposit will be refunded after satisfactory completion of the contract. In case the Security Deposit is to be furnished in the form of Bank Guarantee, it should be valid for 2 months beyond the contract period for lodging the claims, if any The Bank Guarantee should be furnished in the format prescribed by HLL. 5.
SECURITY DEPOSIT. 5.1 इस करार में कहीं बताए अनुसार, लाइसेंसदार रेलवे को (रेलवे को स्वीकृत तरीके एवं माध्यम से) एक सुरक्षा जमा, जो लाइसेंस की पूरी अवधि के पूरे लाइसेंस शुल्क के (दस प्रतिशत)10% का बराबर राशि, एलओए की पावती के 15 दिनो के अंदर, देंगे। As mentioned elsewhere in this Agreement, the Licensee shall furnish to Railway (in the manner and form acceptable to Railway) a Security Deposit for an amount equal to 10% (ten percent) of the Total License Fee for the entire duration of the License, within 15 (fifteen) days on receipt of LOA. 5.2 सुरक्षा जमा बैक ड्राफ्ट/निष्पादन बैंक गेरंटी(पीबीजी)/नकद(रेलवे के मुख्य रोकडिया से जमा) के रूप में भुगतान किया जा सकता है। उक्त पीबीजी को बिड में बताए अनुसार भुगतान किया जा सकता है। उक्त पीबीजी को करार की अवधि के लिए तथा करार की अवधि से 6 महीने तक विस्तार होनेवाली अवधि के लिए लागू,अध्याय 1(अनुबंध 8)में दिए गए प्रपत्र में दिया जाना है। सुरक्षा जमा को,ठेका को सफलता पूर्वक पूरा करने के बाद, लाइसेंसदार द्वारा यूनिट को खाली करके करार के पारा 6.25 के अनुसार रेलवे को सौंपने के बाद तथा लाइसेंसदार से कोई देय अनिर्णित न होने पर, 90 दिनों के अंदर,वापस किया जाएगा। Security Deposit shall be paid in the form of Bank Draft/Performance Bank Guarantee (PBG)/Cash (deposited with Chief Cashier of the Railway). The said PBG shall be paid for in the manner as set forth in the bid. The said PBG shall be given in format provided at Chapter 1 (Annexure 8), valid for the Term of the Agreement and a period extending 6 months beyond the Term of the Agreement. Security Deposit will be returned within 90 days after the contract has been completed successfully, the unit has been vacated by the Licensee and handed over to Railway as per para 6.25 of the Agreement, and there are no dues pending on the Licensee. 5.3 करार के अधीन लाइसेंसदार द्वारा किसी डीफाल्ट या बाध्यता का उल्लंघन करने पर, रेलवे अपने एकमात्र स्वैच्छिक निर्णयानुसार, इस करार में बताए गए किसी भी बात के होते हुए भी,सुरक्षा जमा को निकालकर,जुर्माना लगाकर या अन्यथा, इस करार के अधीन कोई अन्य उपाय के होते या न होते हुए भी,लाइसेंसदार के विरुद्ध इसके दावे की पूर्ति कर सकता है। Notwithstanding anything mentioned in this Agreement, upon any default or breach of obligations by the Licensee under the Agreement, Railway may at its sole discretion draw upon the Security Deposit to satisfy its claims against the Licensee by imposition of Penalties or otherwise, irrespective any other remedy under this Agreement. अनुच्छेद ARTICLE 6:
SECURITY DEPOSIT. Security Deposit, an amount equal to 10% of the Work value will be deducted form first and final bill. RCB reserves the right to appropriate the SD amount against any outstanding dues (to RCB) against any other earlier contract entered with the RCB by the contractor. 11.
SECURITY DEPOSIT. 5.1 As mentioned elsewhere in this Agreement, the Licensee shall furnish to Railway (in the manner and form acceptable to Railway) a Security Deposit for an amount equal to 10% (ten percent) of the Total License Fee for the entire duration of the License, within 15 (fifteen) days on receipt of LOA. 5.2 Security Deposit shall be paid in the form of Bank Draft/Performance Bank Guarantee (PBG)/Cash (deposited with Chief Cashier of the Railway). The said PBG shall be paid for in the manner as set forth in the bid. The said PBG shall be given in format provided at Chapter 1 (Annexure 6), valid for the Term of the Agreement and a period extending 6 months beyond the Term of the Agreement. Security Deposit will be returned within 90 days after the contract has been completed successfully, the unit has been vacated by the Licensee and handed over to Railway as per para 6.25 of the Agreement, and there are no dues pending on the Licensee. 5.3 Notwithstanding anything mentioned in this Agreement, upon any default or breach of obligations by the Licensee under the Agreement, Railway may at its sole discretion draw upon the Security Deposit to satisfy its claims against the Licensee by imposition of Penalties or otherwise, irrespective any other remedy under this Agreement. ARTICLE 6:
SECURITY DEPOSIT. Retention Money of 5% of contract amount (including GST, interest free) will be deducted from all the bills including running and final bill i.e. 5% from each bill and same will be returned after completion of one year of defect liability period (DLP). All defect will be rectified free of cost during one year of DLP. All Penalties, if any mentioned in the tender, will be recovered from security deposit account g) The Security Deposit/EMD shall be paid by the tenderer to the Reserve Bank of India, Chandigarh as security for due fulfilment of the contract. No interest shall be paid on the said deposits. The Bank reserves the right to forfeit the deposit if the successful bidder fails to execute the contract. The Security Deposit / EMD shall be forfeited in the following circumstances: 1. Made misleading or false representations in the forms, statements and attachments submitted, suppressed any material information, details of any legal proceedings pending in the court which might otherwise would have created any impact on the eligibility criteria; or 2. The tenderer has been blacklisted by any government agency, PSU and the blacklisting is still in force; or 3. In case of the successful tenderer, if he fails to complete the work within the prescribed time limit. h) On receipt of intimation from the Employer of the acceptance of his / their tender, the successful tenderer shall sign an agreement within 14 days in accordance with the draft agreement and the Schedule of Conditions but the written acceptance by the Reserve Bank of India of tender will constitute a binding contract between the Reserve Bank of India and the person so tendering, whether such formal agreement is or is not subsequently executed. (i) All compensation or other sums of money payable by the contractor to the Bank under the terms of this Contract may be deducted from his earnest money / security deposit if the amount so permits and the Contractor shall, unless such deposit as become otherwise payable, within ten days after such deduction make good in cash the amount so deducted. (j)