Common use of GENERAL CONDITIONS OF CONTRACT Clause in Contracts

GENERAL CONDITIONS OF CONTRACT. Execution of Agreement: The successful tenderer shall have to execute an agreement in the prescribed format within a fortnight from the date of intimation of the acceptance of tender, failing which the tenders will be cancelled immediately and the defaulting tenderer shall be liable for all damages due to his default and the xxxxxxx or security deposit may be at the discretion of the Municipal Commissioner, be forfeited. A copy of the agreement form can be seen at the Municipal Secretary's Office during business hours.