Contract Period: The total time allowed for completion of the assignment shall be of Four months from the date of issue/acceptance of the appointment letter (except the period of execution work). [...] The total cumulative Penalty imposed on the bidder shall be 1% of the total professional fees of the particular service of the respective Order for which the penalty arises. [...] 9.5 Forthwith on the expiry or earlier termination of this Contract, the Institute shall determine the costs of execution, the cost of remedying any defects (if any) and the cost of completion of the work (if required). [...] During the entire bidding process, the currency of the contract, or after completion/termination of the contract, if it comes to the notice of the Institute that the bidder has engaged itself in any act of Fraud and/or Corrupt Practices, the Institute after giving a reasonable opportunity of being heard, comes to the conclusion that an Applicant or prospective Applicant, was indulged itself in suc. [...] “Corrupt practice” means (I) the offering, giving, receiving, or soliciting, directly or indirectly, of anything of value to influence the actions of any person connected with the Bidding Process or (II) save and except as permitted, engaging in any manner whatsoever, whether during the Bidding Process or after the issue of the work order or after the execution of the Agreement, as the case may be.
Authors
- Pages
- 16
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- India