Agreement. On receipt of intimation from the Bank the acceptance of his/ their tender, the successful tenderer shall be bound to sign the formal Contract agreement within fourteen days, in accordance with the draft agreement and the Schedule of Conditions, but written acceptance by the Reserve Bank of India of a tender will constitute a binding contract between the Reserve Bank of India and the Person so tendering, whether such formal agreement is or is not subsequently executed within the stipulated period of Fourteen days. Unless the contract agreement is signed, no payment shall be entertained by the Bank. The agreement shall be executed in duplicate. One copy will remain in the custody of Bank and the second set of copy will remain in the custody of contractor. The agreement shall be made on necessary stamp paper (having worth equal to applicable stamp duty in the state) and the cost of necessary stamp duty on both the documents shall be borne solely by the contractor.
Agreement. The successful bidder will enter into a rate-contract with Regional Centre for Biotechnology as per the terms and conditions of this tender document. The draft agreement will be shared in line of this tender document with the successful bidder. The cost of Rs.100/- Non-Judicial Stamp Paper to be borne by successful bidder itself and submit at RCB engineering department within 7 days from date of issue Letter of Intent.