TIME – THE ESSENCE OF CONTRACT. 20.1 The time and the date of completion of the Contract as stipulated in the Contract by the Employer without or with modifications, if any, and so incorporated in the Letter of Award, shall be deemed to be the essence of the Contract. The Contractor shall so organize his resources and perform his Work as to complete it not later than the date agreed to.
20.2 The Contractor shall submit a detailed PERT Network/Bar Chart within the time frame agreed consisting of adequate number of activities covering various key phases of the Work within fifteen (15) days of the date of Notice of Award of Contract. This Network shall also indicate the interface facilities to be provided by the Employer and the dates by which such facilities are needed. The Contractor shall discuss the Network so submitted with the Employer and the agreed Network shall form part of the contract documents. Finalization of the Network/Bar Charts will be pre conditions to release any initial advance to the Contractor.
20.3 During the performance of the Contract, if in the opinion of the Engineer, proper progress is not maintained, suitable changes shall be made in the Contractor's operations to ensure proper progress without any cost implication to the Employer. The interface facilities to be provided by the Employer in accordance with the agreed Network shall also be reviewed while reviewing the progress of the Contractor.
20.4 Based on the agreed Network/Bar Chart fortnightly reports shall be submitted by the Contractor as directed by the Engineer.
20.5 Subsequent to the finalization of the Network, the Contractor shall make available to the Engineer a detailed construction/manufacturing programme in line with the agreed Contract Network. Such construction/manufacturing programme shall be reviewed, updated and submitted to the Engineer once in every two months thereafter.
20.6 The above Bar Charts/manufacturing programme shall be compatible with the Employer's computer environment and furnished to the Employer on such media as may be desired by the Employer.
TIME – THE ESSENCE OF CONTRACT. 5.1 The Commercial Operation Date (“COD”) or “Service Commencement” shall be within 7 days from the date of GeM Contract or such extended period as may be agreed upon by CMPFO. If the Bidder, without reasonable cause or valid reasons, commits default in commencing the work within the aforesaid date, the CMPFO shall, without prejudice to any other right or remedy, be at liberty, by giving 15 (fifteen) days’ notice in writing to the Bidder / Consultant to commence the work, the Company shall debar such defaulting Bidder / Consulant from participating in future tenders for a period of minimum 1 (one) year from the date of issue of such letter. In case of Partnership firm, the debarment shall also be applicable to all individual partners of Partnership firm.
TIME – THE ESSENCE OF CONTRACT. 11.1 The time and the date of completion of the Contract as stipulated in the Contract by TPGL without or with modifications, if any, and so incorporated in the Letter of Award, shall be deemed to be the essence of the Contract. The Contractor shall so organize his resources and perform his Work as to complete it not later than the date agreed to.
11.2 The Contractor shall submit a detailed BAR CHART / PERT NETWORK consisting of adequate number of activities covering various key phases of the Work such as design, procurement, manufacturing, shipment and field erection activities within fifteen (15)
TIME – THE ESSENCE OF CONTRACT. 16.01 The time and the date of completion of the “Supply” as stipulated in the Letter of Acceptance / Purchase order issued to the Supplier shall be deemed to be the essence of the “Contract”. The Supply has to be completed not later than the aforesaid Schedule and date of completion of supply.
TIME – THE ESSENCE OF CONTRACT. 2.2.1 The time and date of completion of the works as contained in the supplier’s proposal and as agreed to contractually after modifications, if any, shall be final and binding upon the supplier. It must be understood that the supplier has made the proposal after fully considering all such factors which may have any bearing on the time schedule of the contract, and no extension in the schedule whatsoever shall be permitted on these accounts by CBI.
TIME – THE ESSENCE OF CONTRACT. 3.1 This contract is for a period of two years. Further it can be extended upto 6 months.
TIME – THE ESSENCE OF CONTRACT. The time and date of completion of the works as contained in this tender and as agreed to contractually shall be final and binding upon the contact or firm except for Para 16 of this section.
