AND WHEREAS the party has offered to undertake the work as per the scope of work and details indicated in the special instructions
AND WHEREAS the National Bank in consideration of the conditions and covenants to be observed by the Contractor has agreed to permit the Contractor to carry out the Fire Fighting work hereinafter set out. NOW, THIS AGREEMENT WITNESS THAT IT IS MUTUALLY AGREED BY AND BETWEEN THE PARTIES:- NABARD hereby awards the work of COMPREHENSIVE ANNUAL MAINTENANCE CONTRACT FOR FIRE FIGHTING WORK in its OFFICE PREMISES from…………………….to…………………….. Subject to annual review and renewal on satisfactory performance each year for a period of two years . The contract period may be extended further depending upon the discretion of the Bank. As compensation for the work, the Contractor shall be reimbursed an amount of ( only) per month, Basic Rate plus taxes as applicable. 2. The compensation shall be payable to the Contractor by NABARD within 02 Weeks from the date of receipt of the bill for the month for which services have been rendered to the satisfaction of the Bank. 3. (a) The Contractor shall comply with the municipal and other laws, obtain license, permission as required under the contract labour laws and cover all the employees under his charge with all statutory requirements like minimum wages, PF, ESIC, etc. The Contractor shall indemnify and keep indemnified the Bank against any lapse on the Contractor’s part in complying with these conditions or any other statutory requirements in connection with the firefighting work. (b) The quality of maintenance work shall be of good standard subject to the satisfaction of the Chief General Manager of the Bank (c) The Contractor shall keep, at a conspicuous place in the said premises a complaint/ suggestion register in which complaints and suggestions, if any, could be recorded by the concerned and the complaint/suggestion register shall be open to inspection by the Chief General Manager or any other officers of the Bank so deputed by him. The Contractor shall put up the complaint register once in a week on Monday mornings and if Monday were to be a public holiday or by any other reasons the National Bank remain closed on any Monday the same shall be submitted on the next working day immediately following that day. The Chief General Manager will take such action in respect of each complaint or suggestions as the case may be and the Contractor shall be obliged to take remedial / rectification measures as instructed by the Chief General Manager. (d) The Contractor shall ensure that no loss or damage is caused by an act or default on his part o...
AND WHEREAS it has been stipulated by you in the said RFP that the Vendor shall furnish you with a Bank Guarantee from a scheduled commercial Bank for the sum specified therein, as security for compliance with the Vendor’s performance obligations in accordance with the RFP.
AND WHEREAS we ---------------- <Bank> having its registered office at ----- and inter alia a branch office situate at ------- have agreed to give a performance guarantee in lieu of EMD of ₹ -- ------- (Rs only) on behalf of the Vendor. We ------------------- <Bank> further undertake not to revoke and make ineffective the guarantee during it’s currency except with the previous consent of CGTMSE in writing. We ------ <Bank> do hereby unconditionally and irrevocably undertake to pay to CGTMSE without any demur or protest, merely on demand from CGTMSE, an amount not exceeding ₹ --- ------- (Rupees --------- only) by reason of any breach of the terms of the RFP dated by vendor. We hereby agree that the decision of CGTMSE regarding breach of the terms of the RFP shall be final, conclusive and binding on us. WE do hereby guarantee and undertake to pay forthwith on demand to CGTMSE a sum not exceeding ₹……………/-. (Rupees only) (amount of the Guarantee in words and figures) and we undertake to pay you upon your first written demand declaring the Vendor to be in default under the RFP and without cavil or argument, any sum or sums within the limit of ₹……………/-. (Rupees …………………………..… only) (Amount of guarantee) as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein. Our obligation to make payment under this Guarantee shall be a primary, independent and absolute obligation and we shall not be entitled to delay or withhold payment for any reason. Our obligations hereunder shall not be affected by any act, omission, matter or thing which but for this provision might operate to release or otherwise exonerate us from our obligations hereunder in whole or in part, including and whether or not known to us or you: (i) any time or waiver granted to the vendor; (ii) the taking, variation, compromise, renewal or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against the vendor; (iii) any Variation of or amendment to the RFP or any other document or security so that references to the Contract in this Guarantee shall include each such Variation and amendment; (iv) any unenforceability, invalidity or frustration of any obligation of the VENDOR or any other person under the RFP or any other document or security waiver by you of any of the terms provisions conditions obligations UNDER RFP or any failure to make demand upon or take action against the VENDOR; (v) any other fact, circumstance, p...
AND WHEREAS according to the terms of said contract, it has been stipulated that payment of 10 per cent of the value of the stores would be made, provided that the Sellers furnish to the Purchaser a Bank Guarantee from a recognised Bank, acceptable to the Purchaser for 10 per cent of the value of the said contract, valid for a period covering in full the Guarantee Period as per the Warranty clause of the said conditions of the contract, being the conditions attached to and forming part of the said contract. 3.
AND WHEREAS the Contractor has agreed to execute upon the subject to the Conditions set forth herein and to the Conditions set forth in the Special Conditions and in the Schedule of Quantities and Conditions of Contract (all of which are collectively hereinafter referred to as “the said Conditions”) the works shown upon the said drawings and/or described in the said specification and included in the Schedule of Quantities at the respective rates therein set forth amounting to the sum as therein arrived at or such other sum as shall become payable there- under (hereinafter referred to as ‘the said Contract Amount’) अतः अब उिके बीच निम्िमलणखत रूप से करार ककया जाता है :- NOW IT IS HEREBY AGREED AS FOLLOWS: 1. निधावररत शतों में उज्ल्लणखत समय और तरीके से सवर्दा रामश को ध्याि में रखते हुए, बोलीकताव निधावररत शतों के अिुसार और उिके अधीि निवर्दा वर्निदेशों में और मात्रा अिुसची में यिा उज्ल्लणखत कायव को निष्पाटदत और प ा करेगा।
AND WHEREAS the Contractor has offered to undertake the work as per the scope of work and details indicated in the special instructions
AND WHEREAS the KRCL accepted offer given by Shri / Ms / M/s. vide Letter of acceptance No. dated
AND WHEREAS the KRCL thus hereby entering into contract with Shri / Ms / M/s for Award of contract for engagement of Station Ticket Booking Agent (STBA) at Station over KRCL. NOW THEREFORE IT IS AGREED BY AND BETWEEN THE PARTIES AND THIS AGREEMENT WITNESSETH AS FOLLOWS:- 1.0 This Agreement comes into force from / /2024 2.0
AND WHEREAS the National Bank in consideration of the conditions and covenants to be observed by the party has agreed to permit the party to carry out the Electrical Maintenance work hereinafter set out.