FAILURE DURING EMERGENCY. During any emergencies, Contractor shall have to carry out the work by deploying additional required resources within four (4) hours of intimation, failing to which GIPCL reserves the right to carry out this work by engaging any other party at the risk and cost of Contractor. The expenditure occurred due to such situations, the Contractor will be held responsible & the same will be recovered from the Contractor’s monthly bill / any other pending bills along with 15% Overhead charges. For repetitive failure of such work for more than two incidents, GIPCL reserve the right to terminate the entire contract by forfeiting all pending dues, Security Deposit, after giving 15 days notice to the Contractor & this will be binding to the Contractor.
Appears in 3 contracts
Samples: Biennial Service Contract, Biennial Service Contract, Biennial Service Contract
FAILURE DURING EMERGENCY. During any emergencies, Contractor contractor shall have to carry out the work by deploying additional required resources force within twent four (4) hours of intimation, notice period failing to which GIPCL reserves the right to carry out this work by engaging any other party at the risk and cost of Contractorparty. The expenditure occurred due to such situations, the Contractor will be held responsible & the same will be recovered from the Contractor’s monthly bill / any other pending bills along with 1510% Overhead overhead charges. For repetitive failure of such work for more than two incidents, GIPCL reserve the right to terminate the entire contract by forfeiting all pending dues, Security DepositDeposit & other retention money, if any, after giving 15 days notice to the Contractor contractor & this will be binding to the Contractorcontractor.
Appears in 1 contract
Samples: Biennial Rate Contract for Security & Vigilance Services
FAILURE DURING EMERGENCY. During any emergencies, Contractor shall have to carry out the work by deploying additional required resources within four (4) hours of intimation, failing to which GIPCL reserves the right to carry out this work by engaging any other party at the risk and cost of Contractor. The expenditure occurred due to such situations, the Contractor will be held responsible & the same will be recovered from the Contractor’s monthly bill / any other pending bills along with 1510% Overhead charges. For repetitive failure of such work for more than two incidents, GIPCL reserve the right to terminate the entire contract by forfeiting all pending dues, Security Deposit, after giving 15 days notice to the Contractor & this will be binding to the Contractor.
Appears in 1 contract
Samples: Biennial Rate Contract