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c) Bidhannagar Municipal Corporation ITEM RATE TENDER AND CONTRACT FOR WORKS CONDITIONS OF CONTRACT Clause 1 - Ever person submitting a tender at the time of such s bmission deposit eamest mone\ calculated at 2 of the estimated amount put to tender by a bank draft draws on a local public sector rank in favour of Bidhannagar Municipal Corporation. 8 of the tender amount will be deducted from the 1 st running bill as security deposit. Total Security deposit thus need 10 (2 eamest money + 8 security deposit deducted from 1st RA Bill). Clause 2 --'- The time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date on which the order to commence work is given to the contracto . The work shall throughout the stipulated period of the contract be proceeded withall due deligence (time being deemed to be the essence of the contract, on the part of the contractor) and the contractor shall • pay as compensation an amount equal to one per cent or such smaller amount as the Authority (whose decision in writing shall be final) may decide, on the amount of the tendered amount of the whole work shown by the tender for every day that the work remains uncommenced. or unfinished of the tendered amount after the proper dates. The contractor shall commence execution of such part of the work as may be notified to him within ....days from the date of order for commenc ment of work and diligently continue such work and further to ensure good progress during the execution of the work he shall be bound in all cases in which the time allowed for any work exceeds one month, to complete one-fourth of the whole of the work before n -fourth of the whole time allowed under the contract has elapsed one-half of the work, before one-half of such time has elapsed. In the event of the contractor failing to comply with any of the condition herein he shall be liable to pay as compensation an amount equal to one percent or such smaller amount as the (whose decision in writing shall be final may decide on the said tendered amount of the whole work for every day that t e due quantity of work remains incomplete PROVIDED ALWAYS that the entire amount of c mpensation to be paid under the provisions of this clause shall not exceed t n percent amount of. the tendered amount of the work as shown in the tender. Clause 3 - In any case in which under any clause or clauses of this contract the contractor shall have rendered himself liable to pay compensation amounting to the whole Earnestmoney & Calcu- lated at 2 the estimated amount put to tender al time of submission of ten- der Security deposit will be 10 inclusive of ear- nest money Compersation for delay [ 4 ] of his security deposit (whether paid in one sum or deducted by instalments) the Executive Engineer on behalf of the .Bidhannagar Municipal Corporation shall have power to adopt any of the following courses as he may deem best suited the interest of Bidhannagar Municipal Corporation. Action when whole of security . deposit is forfeited. a) To rescind the contract (of which rescission notice in writing to the contractor under the hand of the Executive Engineer shall be conclusive evidence) and in which case the security deposit of the contractor shall tand forfeited and be absolutely at the disposal of Authority. b) To employ labour paid by the Departments and to supply materials to carry out the work or any part of the work, debiting the contrac or with the cost of the labour and the price of the materials (of the amount f which cost and price certificate of the Executive Engineer shall be final and conclusive against the contractor) and crediting him with the value of thework done, in all respects in the same manner and at the same rates as if it had been carried out by the contractor under the terms of his contract the certificate of

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