Tendered value definition

Tendered value means the value of the entire work as stipulated in the letter of award.

Tendered value means the value of the entire work as stipulated in the work order.

Tendered value means the sum accepted in this tender or the sum calculated in accordance with the prices accepted in this tender or the contract rates as payable to the Contractor by WAPCOS Limited for the entire execution and full completion of work with respect to scope of work of Contractor.

Examples of Tendered value in a sentence

• I/We agree that, in case of works of estimated cost exceeding Rs. 15.00 Lakhs, to deposit an amount equal to 5% of Tendered value of the work as performance guarantee in the form of bond of any Scheduled Bank of India in accordance with the proforma prescribed or in the form of Fixed Deposit Receipt etc., within 15 days of the issue of letter of acceptance of Tender by the BSNL.

• The validity period of the performance security in the form of performance bank guarantee shall be 12 Months from the date of actual completion of work.Security Deposit : In addition to performance guarantee stated above, a sum @ 10% of the gross amount of the bill shall be deducted from each running bill of the contractor till the sum be deducted with the sum already deposited as earnest money, will amount to security deposit of 5% of the Tendered value of the work.

• A sum @ 10% of the gross amount of the bill shall be deducted from each running bill of the contractor till the sum will amount to security deposit of 5% of the Tendered value of the work.

• In addition to performance guarantee stated above, a sum @ 10% of the gross amount of the bill shall be deducted from each running bill of the contractor till the sum be deducted with the sum already deposited as earnest money, will amount to security deposit of 5% of the Tendered value of the work.

• I/We agree that, in case of works of estimated cost exceeding Rs.15,00,000/-, to deposit an amount equal to 5% of Tendered value of the work as performance guarantee in the form of bond of any Scheduled Bank of India in accordance with the proforma prescribed or in the form of Fixed Deposit Receipt etc., within 15 days of the issue of letter of acceptance of Tender by the BSNL.

More Definitions of Tendered value

Tendered value means the value of the entire work as stipulated in the letter of award. Scope & Performance 3. Where the context so requires, words imparting the singular only also include the plural and vice versa. Any reference to masculine gender shall whenever required include feminine gender and vice versa. 4. Headings and Marginal notes to these General Conditions of Contract shall not be deemed to form part thereof or be taken into consideration in the interpretation or construction thereof or of the contract. 5. The contractor shall be furnished, free of cost one certified copy of the contract documents except standard specifications, Schedule of Rates and such other printed and published documents, together with all drawings as may be forming part of the tender papers. Name of these documents shall be used for any purpose other than that of this contract. 6. Works to be carried out The work to be carried out under the Contract shall, except as otherwiseprovided in these conditions, include all labour, materials, tools, plants, equipment and transport which may be required in preparation of and for and in the full and entire execution and completion of the works. The descriptions given in the Schedule of Quantities (Schedule – A) shall, unless otherwise stated, be held to include wastage on materials, carriage and cartage, carrying and return of empties, hoisting, setting, fitting and fixing in position and all other labour necessary in and for the full and entire execution and completion of the work as aforesaid in accordance with good practice and recognized principles.Sufficiency ofTenderThe contractor shall be deemed to have satisfied himself before tendering as to the correctness and sufficiency of his tender for the works and of the rates and prices quoted in the Schedule of Quantities, which rates and prices shall, except as therwise provided, cover all his obligations under the Contract and all matters and things necessary for the proper completion and maintenance of the works.8. The several documents forming the contract are to be taken as mutually explanatory Discrepancies of one another, detailed drawings being followed in preference to small scale and drawing and figured dimensions in preference to scale and special conditions in Adjustment of preference to General Conditions.Errors8.1 In the case of discrepancy between the Schedule of Quantities, the specifications and / or the Drawings, the following order of preference shall beobserved:-i) Descript...

Tendered value means the value of the entire work as stipulated in the letter ofaward.

Tendered value means the value of the entire work as stipulated in the letter of award of work.The work shall be carried out strictly in accordance with the drawings amplified by the specifications of materials and workmanship given hereunder. The drawings and specifications shall be taken together and shall complement each other. In case of any discrepancy, the following order of preference shall be followed:

Tendered value means the value of the entire work as stipulated in the letterof award.

Tendered value means the value of the entire work as stipulated in the letter of award. 3. The entire works shall be done as per CPWD specifications for Delhi 2009 Vol. I to II with up to date correction slips. If the specifications for any item are not available in the CPWD specification referred above, relevant ISI specifications shall be followed. In case ISI specifications are also not available, the decision of the Engineer-in-charge, given in writing shall be final. 4. Whenever any reference to any Indian standard specifications occurs in the document relating to this contract the same shall be inclusive of all the amendments issued thereon to or revisions thereof, if any, up to the date of receipt of tenders. 5. The work shall be carried out in the manner complying in all respects with requirement of relevant bye-laws or the local bodies under the jurisdiction of which the entire work is to be executed or as directed by the Engineer-in-charge and nothing extra will be paid on this account.

Tendered value means the value of the entire work as stipulated in the letter of award. xiv). Consultant means Consultant appointed by the Indian Institute of Science Educationand Research PUNE. xv) Date of commencement of work: The date of commencement of work shall be the date of start as specified in schedule “C” or the first date of handling over the site, whichever is later, in accordance with the phasing if any, as indicated in the tender documents.

Tendered value means the value of the entire work as stipulated in the letter of award of work.E) "CONTRACT SUM" means the sum named in the letter of acceptance including physical contingencies subject to such addition or deduction there from as may be under the provisions hereinafter contained. In case of item rate contracts, the cost of the work arrived at after extension of the quantities shown in schedules of items/quantities by the item rates quoted by the tenderer for various items and summation of the extended cost of each item.