Special Conditions of Contract. The rates quoted by the Agency shall be inclusive of all taxes, levies, transportation, insurance etc. (all inclusive).
Special Conditions of Contract. Number of GC Clause Amendments of, and Supplements to, Clauses in the General Conditions of Contract
Special Conditions of Contract. 1. Special conditions of Contract shall be read in conjunction with the General Conditions of Contract, specifications of work, drawings and any other documents forming part of this contract, wherever the context so requires.
2. Tenderer shall submit a Security Deposit of Rs. 3,50,000/- (Rupees Three Lakh Fifty thousand only) by NEFT in our Account Number: 186003001, Account Name: RBI, Kolkata, IFSC: RBIS0KLPA01 (‘0’ in the code represent ZERO) within a week of such intimation. Upon depositing Security Deposit, the Bank shall return the EMD to the successful tenderer without interest. The tenderer shall be required to sign an agreement containing various terms and conditions.
3. The security deposit will be refunded on completion of the contract period without any interest thereon; however, the Bank reserves the right to appropriate part or full amount of the deposit to recover any outstanding dues / reparations from the contractor.
4. The security deposit made with the Reserve Bank shall not carry any interest and will be refunded on the successful completion of the period of contract. However, the Bank reserves the right to appropriate part or full amount of the deposit to recover any outstanding dues/reparations from the contractor.
5. The tenderer has to submit his quote in Part II of the tender in respect of both shredded currency briquettes and unserviceable items failing which the tender is liable to be rejected.
6. The amount shall be paid to the Bank at fortnightly intervals for briquettes produced by SBS machine (as per machine reports) during the previous fortnight. As regards unserviceable items, the amount payable by the tenderer will be reckoned on the basis of weight or quantum collected from RBI premises and the sale consideration has to be paid before lifting of such items from RBI premises.
7. The amount payable in respect of currency briquettes shall be communicated to the contractor at fortnightly intervals and the contractor has to pay the sale consideration within four days from the date of the communication.
8. The Tenderer/firm should employ his/your own people to collect the entire output of briquettes from Shredding & Briquetting System and transport the same outside Bank’s premises at frequent intervals. The transportation will be undertaken after packing the briquettes in suitable bags. Cost of transportation shall be borne by the contractor.
9. The contractor shall not assign the contract to any other party. He shall not sublet...
Special Conditions of Contract