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ANNEXURE - IV Sub : Letter of Bid for Outsourcing of Chipping in Stone, Coal, Construction of Isolation Stoppings and Other Masonery works at RK-5 Incline and RK-6 Incline, SRP Area for a period of three years as per the Scope of work, Terms & Conditions of NIT – Reg. Enq: ESR 18 O 0206, Dt: 05.02.2019 Acceptance of Commercial Terms and Conditions by the Bidder Sl No Commercial Terms of NIT Acceptance of Bidder 1 Instructions to Bidder (Submission/Evaluation of Bid, etc) Accepted 2 Bid Validity Accepted 3 Prices clause including Firm price on FOR Destination/FOB basis Accepted 4 Submission of Import Document in case of Import & Supply by Agent Accepted 5 Submission of Tax invoice Accepted 6 Applicable Taxes & Duties Accepted 7 Consignee/Destination Point Accepted 8 Delivery Accepted 9 Payment Terms Accepted 10 Packing Accepted 11 Liquidated Damages Accepted 12 Risk Purchase Accepted 13 Force Majeure Accepted 14 Guarantee / Warranty as per TPS of NIT Accepted 15 Performance Bank Guarantee as per NIT Accepted 16 Currency of Bid Accepted 17 Price Fall clause Accepted 18 General Terms and Conditions Accepted 19 Arbitration clause Accepted 20 ‘Jurisdiction of Court’ Accepted Signature of the Bidder Seal of the Firm

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