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Common use of Sanctions for Violation Clause in Contracts

Sanctions for Violation. 8.1 If the Bidder(s)/ Seller(s), before award or during execution has committed a transgression through a violation of Clause 5 & Clause 6, above or in any other form such as to put his reliability or credibility in question, the Buyer is entitled to disqualify the Bidder(s)/ Seller(s) from the tender process or take action as per the procedure mentioned herein below: i) To disqualify the Bidder(s)/ Seller(s) with the tender process & exclusion from future contracts. ii) To debar the Bidder(s)/ Seller(s) from entering into any bid from Buyer for a period of two years. iii) To immediately cancel the contract, if already signed / awarded without any liability on the Buyer to compensate the Bidder(s)/Seller(s) for damages, if any. Subject to Clause 5.4 any lawful payment due to the Bidder(s)/Seller(s) for supplies effected till date of termination would be made in normal course. iv) To encash EMD / Advance Bank Guarantees / Performance Bonds/Warranty Bonds, etc. which may have been furnished by the Bidder(s)/Seller(s) to the extent of the undelivered Goods and / or Services and / or Works. 8.2 If the Buyer obtains knowledge of conduct of a Bidder(s)/Seller(s) or of an employee or a representative or an associate of a Bidder(s)/Seller(s) which constitutes corruption, or if the Buyer has substantive suspicion in this regard, the Buyer will inform to its Chief Vigilance Officer.

Appears in 2 contracts

Samples: Omnibus Integrity Pact, Integrity Pact

Sanctions for Violation. 8.1 If the Bidder(s)/ Seller(s), before award or during execution has committed a transgression through a violation of Clause 5 & Clause 6, above or in any other form such as to put his reliability or credibility in question, the Buyer is entitled to disqualify the Bidder(s)/ Seller(s) from the tender process or take action as per the procedure mentioned herein below: i) To disqualify the Bidder(s)/ Seller(sBidder(s)/Seller(s) with in the tender process & exclusion from future contracts. ii) To debar the Bidder(s)/ Seller(sBidder(s)/Seller(s) from entering into any bid from Buyer for a period of two years. iii) To immediately cancel the contract, if already signed / awarded without any liability on the Buyer to compensate the Bidder(s)/Seller(s) for damages, if any. Subject to Clause 5.4 any 5.4,any lawful payment due to the Bidder(s)/Seller(s) for supplies effected till date of termination would be made in normal course. iv) To encash EMD / Advance Bank Guarantees / Performance Bonds/Warranty Bonds, etc. which may have been furnished by the Bidder(s)/Seller(s) to the extent of the undelivered Goods and / and/ or Services and / or Works. 8.2 If the Buyer obtains knowledge of conduct of a Bidder(s)/Seller(s) or of an employee or a representative or an associate of a Bidder(s)/Seller(s) which constitutes corruption, or if the Buyer has substantive suspicion in this regard, the Buyer will inform to its Chief Vigilance Officer.

Appears in 2 contracts

Samples: Omnibus Integrity Pact, Integrity Pact

Sanctions for Violation. 8.1 If the Bidder(s)/ Seller(s), before award or during execution has committed a transgression through a violation of Clause 5 & Clause 65, above or in any other form such as to put his reliability or credibility in question, the Buyer is entitled to disqualify the Bidder(s)/ Seller(s) from the tender process or take action as per the procedure mentioned herein below: i) To disqualify the Bidder(s)/ Seller(s) Bidder / Seller with the tender process & and exclusion from future contracts. ii) To debar the Bidder(s)/ Seller(s) Bidder / Seller from entering into any bid from Buyer for a period of two years. iii) To immediately cancel the contract, if already signed / awarded without any liability on the Buyer to compensate the Bidder(s)/Seller(s) Bidder /Seller for damages, if any. Subject to Clause 5.4 5, any lawful payment due to the Bidder(s)/Seller(s) Bidder/Seller for supplies effected till date of termination would be made in normal course. iv) To encash EMD / Advance Bank Guarantees Guarantees/ Performance Bonds / Performance Bonds/Warranty Bonds, etc. which may have been furnished by the Bidder(s)/Seller(s) Bidder / Seller to the extent of the undelivered Goods Stores and / or Services and / or WorksServices. 8.2 If the Buyer obtains knowledge of conduct of a Bidder(s)/Seller(s) Bidder/ Seller or of an employee or a representative or an associate of a Bidder(s)/Seller(s) Bidder / Seller which constitutes corruption, or if the Buyer has substantive suspicion in this regard, the Buyer will inform to its Chief Vigilance Officer.

Appears in 1 contract

Samples: Integrity Pact