Common use of THE AUTHORISED DISTRIBUTOR Clause in Contracts

THE AUTHORISED DISTRIBUTOR. AGREES TO ACCEPT THE PENALTY FOR FORMATION OF CARTEL OR FURNISHING OF FRADULENT/ MISLEADING DOCUMENTS: A. If during the tender process or at any state during the validity of the tender period, it is found that a Tenderer(s) has formed a cartel in what so ever form or name to fix up the rates or suppliers to the detriment of the fairness of the tender process, penal measures shall be initiated. Similar penal measures shall also be initiated against those tenderers who have submitted false/ misleading/ fraudulent documents or made incorrect declarations. B. The penal measure(s) will be as follows :- i. Forfeiture of Xxxxxxx Money ii. Forfeiture of Performance Bank Guarantee if enlisted as a supplier. iii. Cancellation from the approved list of suppliers and debarment from further supply orders. iv. Black listing from all Deptt. Tenders (Called by the CMS or others) of the tenderer, the Principals of the firm(s) for a period of 3 (three) years as a whole or for any item/items.