INTEREST CLAUSE. In order to bring uniformity in all the contracts / agreements entered between BHEL and its contractors / vendors / suppliers / service providers etc., it is hereby advised to incorporate the following clause in all tenders and agreements. “No interest shall be payable by BHEL on xxxxxxx money or security deposit or any money due to the contractor by BHEL.”
Appears in 12 contracts
Samples: www.bhel.com, bhel.com, www.bhel.com