Award of Contract. ITT60.1 The maximum percentage by which quantities per item may be increased is 20% at the time of Contract Award. The maximum percentage by which quantities per item may be decreased is 20% at the time of Contract Award. ITT62.1 The amount of Performance Security shall be ten (10%) percent of the Contract Price. ITT 62.3 The Security Deposit shall be deducted @ ten (10%) percent from the successful Tenderer’s payable invoices during Contract implementation, if awarded the Contract. ITT 69.1 The Adjudicator proposed by the Procuring Entity is Director (Finance), BRTC. The hourly fee shall be Tk. 2,000/- and the reimbursable expenses shall be limited.
