Common use of Compensation for Damages Clause in Contracts

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 11 contracts

Samples: Annual Maintenance Contract (Amc), Integrity Pact, Integrity Pact

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Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) 4.2 If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages equivalent to 5% of the Contract contract value or the amount equivalent to Security Deposit/Performance Bank Guarantee, whichever is higher.

Appears in 9 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) 4.2 If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages equivalent to 5% of the Contract contract value or the amount equivalent to Security Deposit/ Performance Bank Guarantee, whichever is higher.

Appears in 7 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 6 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 6 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 5 contracts

Samples: Gas Supply Agreement, Annual Rate Contract, Annual Rate Contract

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 5 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) 4.2 If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages equivalent to 5% of the Contract contract value or the amount equivalent to Security Deposit/Performance Bank Guarantee, whichever is higher.

Appears in 5 contracts

Samples: Integrity Pact, Framework Agreement, Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section 3Section3, or if the Principal is entitled to terminate the contract according to Section 3Section3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 4 contracts

Samples: Handling & Transportation Contract, Handling & Transportation Contract, Handling & Transportation Contract

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, 3 or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Security Deposit /Performance Bank Guarantee.

Appears in 4 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 3 contracts

Samples: Annual Maintenance Contract (Amc), Annual Maintenance Contract, Maintenance Contract

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section 3Section3, or if the Principal is entitled to terminate the contract according to Section 3Section3, the The Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 3 contracts

Samples: Rate Contract, Rate Contract, Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid SecuritySecurity and other actual damages due to the consequential delay. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee. 3. The Contractor/Bidder shall not be entitled to claim from the Principal any amounts either as damages or otherwise, on account of termination.

Appears in 3 contracts

Samples: Integrity Pact, Integrity Pact, Integrity Pact

Compensation for Damages. (1i) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2ii) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Security Deposit / Performance Bank GuaranteeGuarantee in addition to any other penalties/ recoveries as per terms and conditions of the tender.

Appears in 3 contracts

Samples: Rate Contract, Rate Contract, Consortium Agreement

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Service Level Agreement / Conditions of Contract, Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Annual Maintenance Contract, Integrity Pact

Compensation for Damages. (1) If the Principal principal has disqualified the Bidder(s) from the tender process prior to the award according to Section section 3, the Principal principal is entitled to demand and recover the damages equivalent to Xxxxxxx xxxxxxx Money Depositdeposit/Bid Securitysecurity. (2) If the Principal has terminated the contract according to Section section 3, or if the Principal principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor contractor liquidated damages of the Contract contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Annual Rate Contract, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated l iquidated damages of the Contract contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, 3 or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.Security Deposit I

Appears in 2 contracts

Samples: Integrity Pact, Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor Supplier liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 2 contracts

Samples: Annual Maintenance Contract, Annual Maintenance Contract

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender Tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall Shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal principal has disqualified the Bidder(sApplicant(s) from the tender RFP process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Securityas deemed fit. . (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.as deemed fit..

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) ), from the tender process prior to the award award, according to Section 3Section-3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section 3Section-3, or if the Principal is entitled to terminate the contract according to Section 3Section-3, the Principal shall be entitled to demand and recover from the Contractor Contractor, liquidated damages of the Contract value contract value, or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) ‘Bidder/ Contractor’ from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from ‘Bidder/ Contractor’ the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor contractor liquidated damages of the Contract contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor the liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, 3 or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Security Deposit / Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

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Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder liquidated damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If The bidder agrees and undertakes to pay the said amounts without protest or demur subject only to condition that if the Bidder can prove and establish that the exclusion of the Bidder from the tender process has caused no damage or less damage than the amount or the liquidated damages, the Bidder shall compensate the Principal has terminated only to the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages extent of the Contract value or damage in the amount equivalent to Performance Bank Guaranteeproved.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award Award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Maintenance Contract

Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Framework Agreement

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Central Transportation Contract

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal principal is entitled to terminate the contract according to Section 3, the The Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) 4.2 If the Principal has terminated the contract according to Section section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages equivalent to 5% of the Contract contract value or the amount equivalent to Security Deposit/Performance Bank Guarantee, whichever is higher.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender OFFER process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) . If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit/ Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of as per the Contract value or the amount equivalent to Performance Bank Guaranteetender conditions.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section Article 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section Article 3, or if the Principal is entitled to terminate the contract according to Section Article 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.to

Appears in 1 contract

Samples: Request for Proposal

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover from the Bidder damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.Security Deposit and

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) 4.2 If the Principal has terminated the contract Contract according to Section 3, or if the Principal is entitled to terminate the contract Contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages Liquidated Damages equivalent to 10% of the Contract value Price or the amount equivalent to Performance Security Deposit/Bank Guarantee, whichever is higher.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Retention Money Deposit/Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Annual Maintenance Contract

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Deposit /Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) 4.1 If the Principal has disqualified the Bidder(s) Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) 4.2 If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor Travel agency liquidated damages equivalent to 5% of the Contract contract value or the amount equivalent to Security Deposit/Performance Bank Guarantee, whichever is higher.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) 4.1. If the Principal has disqualified the Bidder(s) contractor from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent Equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) 4.2. If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Pre Contract Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Deposit / Bid Security. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Nit (Notice Inviting Tender)

Compensation for Damages. (1) If the Principal principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the 3,the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) If the Principal principal has terminated the contract contact according to Section 3, or if 3,or of the Principal is entitled to terminate the contract according to Section 3, the 3,the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance performance Bank Guarantee.

Appears in 1 contract

Samples: Rate Contract Agreement

Compensation for Damages. (1) . If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security. (2) . If the Principal has terminated the contract according to Section 3Section3, or if the Principal is entitled to terminate the contract according to Section 3Section3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

Compensation for Damages. (1) If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Xxxxxxx Money Deposit/Bid Security2% of estimated project cost capped at ₹ 20 Million. (2) If the Principal has terminated the contract according to Section 3, or if the Principal is entitled to terminate the contract according to Section 3, the Principal shall be entitled to demand and recover from the Contractor liquidated damages of the Contract value or the amount equivalent to Performance Bank Guarantee.

Appears in 1 contract

Samples: Integrity Pact

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