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I/We will furnish the Performance Guarantee Bond as per the approved format, if our bid is accepted. Bid Security deposited shall be treated as security for the proper fulfilment of the same and shall execute an agreement for the work in the prescribed form. If I/We fails to do this or maintain a specified rate of progress (as specified in the Milestone details of contract data in the bid document), the performance guarantee(both treasury fixed deposit and irrevocable bank Guarantee) and Performance Security Deposit if any deducted from the RA Bills shall be forfeited to Government and fresh tenders shall be called for or the matter otherwise disposed off. If as a result of such measures due to the default of the Bidder to pay the requisite deposit, sign contract or take possession of the work any loss to Government due to the same will be recovered from me/us as arrears of revenue, but should it be a saving to Government. I/We shall have no claim whatever to the difference. Recoveries on this or any other account will be made from the sum that may be due to us on this or any or other subsisting contracts or under the Revenue Recovery act or otherwise the Government may decide. PRELIMINARY AGREEMENT (To be executed on stamp per Rs.200/-) Preliminary agreement entered in to this ))))))). day of ))))..)))))...). two thousand ))......................................)..)))).. between The Assistant Engineer, LSGD Section , Karukutty Grama Panchayat for and on behalf of the Karukutty Grama Panchayat ( hereinafter called Grama Panchayat ) of the one part and Shri)))))))))))))))))))))))))))))))))))))..)))))..))))))))))))))) ))))))))..(Here enter full name and address of the Bidder) of the other part for the execution of the agreement as well as for the execution of the work ".......................................................................... ............................................................................................ .............................................................. " (here enter the name of work in full ) by Notification No E6/101/AE/LSGD/KRY/2019-20 dated 09/08/2019 I/We undertake to complete the whole of the works as per the attached schedule from the date of issue of intimation by you that our tender has been accepted and upon being permitted to enter site. I/We further undertake that on failure, subject to the conditions of the contract relating to extension of time, I/We shall pay agreed `Liquidated Damages' for the period during which the work shall remain incomplete. I/We further agrees that, in the case of becoming the lowest bidder in this tender and in the event of failure on part of me/us to produce any of the original documents, or submit the performance guarantee, or enter into agreement with the first part within the specified time limit, the first part may take appropriate action as provided in the bid document. Recoveries on this or any other account will be made from the sum that may be due to us on this or any or other subsisting contracts or under the Revenue Recovery act or otherwise the Government may decide. I/We undersigned hereby offer to construct the proposed work in strict accordance with the contract/bid document for the consideration to be calculated in terms of the priced schedule of quantities. I/We hereby deposit with you as Earnest money of Rs................................................................. [carrying no interest] by means of online payment in the e-GP web site of Kerala in favour of The Assistant Engineer, LSGD Section , Karukutty Grama Panchayat and I/We agree that this sum shall be forfeited in the event of the Employer accepting my/our tender and I/We fail to take up the contract when called upon to do so as per clause 3.6.6 and 7 of ITB of the bid document. I/We further agree for the deduction of 2.5% from the `Interim Payment/RA Bill' and up to a maximum of 2.5% of the contract value towards the ‘Performance Security Deposit', which

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