Common use of PENALTY FOR BREACH OF CONTRACT Clause in Contracts

PENALTY FOR BREACH OF CONTRACT. On the breach of any term or condition of this contract by the contractor the said Nagar Xxxxx/Nagar Palika/Nagar Panchayatshall be entitled to forfeit the Security deposit or the balance thereof that may at the time be remaining, and to realise and retain the same as damages and compensation for the said breach but without prejudice to the right of the Nagar Xxxxx/Nagar Palika/Nagar Panchayat to recover further sums as damages from any sums due or which may become due to the contractor by Nagar Xxxxx/Nagar Palika/Nagar Panchayat or otherwise howsoever. ANNEXURE – “E” SECHUDLE OF ITEMS (BILLS OF QUANTITY) Sr. No Reference to item No. of S.O.R. (in any) Description of item Unit Quantity Rate in figure per unit (Rs.. .) Rate in words per unit(Rs….) Amount in (figure) Remark 5 etc etc Contractor (Signature with name and seal of Authorised signatory of the contractor 1) The value of total tendered cost is for Rs. ……………………………….. and 2) The total value of all S.O.R. items (excluding non S.O.R. items) as per sanctioned estimate is Rs. ……………….. (in figure) (rupees in words) NAGAR XXXXX / NAGAR PALIKA PARISHAD / NAGAR PANCHAYAT DETAILED NOTICE INVITING TENDER (In FORM A,B,C) N.I.T. No :- …………………….. DATE ……………..

PENALTY FOR BREACH OF CONTRACT. On the breach of any term or condition of this contract by the contractor the said Nagar Xxxxx/Nagar Palika/Nagar Panchayatshall be entitled to forfeit the Security deposit or the balance thereof that may at the time be remaining, and to realise and retain the same as damages and compensation for the said breach but without prejudice to the right of the Nagar Xxxxx/Nagar Palika/Nagar Panchayat to recover further sums as damages from any sums due or which may become due to the contractor by Nagar Xxxxx/Nagar Palika/Nagar Panchayat or otherwise howsoever. ANNEXURE – “E” SECHUDLE OF ITEMS (BILLS OF QUANTITY) Sr. No Reference to item No. of S.O.R. (in any) Description of item Unit Quantity Rate in figure per unit (Rs.. .) Rate in words per unit(Rs….) Amount in (figure) Remark 5 etc etc Contractor (Signature with name and seal of Authorised signatory of the contractor 1) The value of total tendered cost is for Rs. ……………………………….. and 2) The total value of all S.O.R. items (excluding non S.O.R. items) as per sanctioned estimate is Rs. ……………….. (in figure) (rupees in words) NAGAR XXXXX / NAGAR PALIKA PARISHAD / NAGAR PANCHAYAT DETAILED NOTICE INVITING TENDER (In FORM A,B,C) N.I.T. No :- …………………….. DATE ……………..