Settlement of Disputes through Arbitration i) Normally, there should not be any scope of dispute between the employer (department) and the contractor after entering into a mutually agreed valid contract. However, due to various unforeseen reasons, disputes may arise during the progress of the contract between the employer (department) and the contractor.
Settlement of Disputes through Arbitration i) Normally, there should not be any scope of dispute between the employer (department) and the bidder after entering into a mutually agreed valid contract. However, due to various unforeseen reasons, disputes may arise during the progress of the contract between the employer (department) and the bidder.
Settlement of Disputes through Arbitration. If the parties fail to resolve the disputes/differences by in house mechanism, then, depending on the position of the case, either the Authority or the Contractor shall give notice to other party to refer the matter to arbitration instead of directly approaching Court. The Contractor shall, however, be entitled to invoke arbitration clause only after exhausting the remedy available in this clause. In the event of any question, dispute or difference arising under these terms & conditions or any condition contained in this Contract or interpretation of the terms of, or in connection with this Contract (except as toany matter the decision of which is specially provided for by these conditions), the same shall be referred to the sole arbitration of a person, appointed to be the arbitrator by the Competent Authority of CIL / CMD of Subsidiary Company (as the case may be). The award of the arbitrator shall be final and binding on the parties of this Contract.
