Penalty:. Penalty for less number of staff deployed at any one instance will be worked out on Pro rata basis i.e. as per minimum wages (current) at any point of time and same shall be deducted from their subsequent bill.
Penalty:. If the supplier fails to complete the job within the stipulated time for what-so-ever reason, RCB will be entitled to charge liquidated damage @ 0.5% of the delivery order per week subject to a maximum of 10% of the accepted delivery order. Vender/ supplier is to supply batteries against supply order/ email confirmation.
Penalty:. Penalty shall be levied as per the terms and conditions of this RfP.
Penalty:. SIDBI will impose Liquidated Damages of 1% of the cost of order value for each weeks delay or part thereof attributable to the vendor, subject to maximum of 10% of the cost if the selected Consultant fails to complete the due performance of the contract in accordance with the specifications and conditions agreed during the final contract negotiation, any delay in deployment of resources beyond 30 days from (1) contract date/ LOI / order, OR (2) the date of issue of a change order for resources by XXXXX. In case of absence of an on-site resource beyond 5 working days in a quarter and no stand-by resource is provided, (for each week or part thereof beyond 5 days). Notwithstanding whatsoever stated in para above, if the selected Consultant fails to adhere to the time schedule or fails to complete the due performance of the obligations under this RFP as per the Bank’s satisfaction, then the Bank can repudiate the contract and recover 20.00% of the contract value as penalty from the selected Consultant.
Penalty:. The Contractor shall maintain an attendance register duly certified by designated Bank’s staff and attach a copy of the same with monthly bills failing which no payments shall be released. In case, any of the personnel deployed by the contractor is absent and the contractor is unable to provide suitable substitute, a penalty amount of Rs.500/- per person per day shall be levied by the Bank in addition to the wages of the absent personnel(s) and the same shall be deducted from the contractor’s pending/subsequent bill.