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NIT DETAILS 1. BIDDERS WILL HAVE TO APPLY THROUGH ON-LINE ONLY. 2. VENDORS WILL HAVE TO ENROLL THEMSHELVES FOR E-PROCUREMENT BEFORE BID SUBMISSION CLOSING DATE. 3. GM/RFI RESERVES THE RIGHT TO AMMEND PART OR FULL TENDER QTY. AT ANY TIME. 4. THIS TENDER IS ISSUED WITHOUT ANY OPTION CLAUSE . 5. PERFORMANCE SECURITY DEPOSIT (PSD ): (A) THE SELLER (SUCCESSFUL BIDDER AWARDED CONTRACT)SHALL DEPOSIT 5%OF THE TOTAL VALUE OF THIS ORDER /CONTRACT VALUE INCLUDING TAXES & DUTIES AS PERFORMANCE SECURITY DEPOSIT WHICH AMOUNTS TO RS. _______ BY WAY OF ACCOUNT PAYEE DEMAND DRAFT/BANKER’S CHEQUE/FIXED DEPOSIT RECEIPT FROM A COMMERCIAL BANK OF INDIA/BANK GUARANTEE IN THE PRESCRIBED FORMAT(ENCLOSED) FROM A COMMERCIAL BANK OF INDIA (FOR INDIGENOUS SELLERS)/ BANK OF INTERNATIONAL REPUTE FOR WHICH COUNTER GUARANTEE IS GIVEN BY INDIAN BANK (FOR FOREIGN SELLERS) WITHIN SPECIFIED DATE(NORMALLY 30 DAYS AFTER NOTIFICATION OF THE AWARD OF CONTRACT/ DATE OF ACCEPTANCE). INDEMNITY BONDS MAY BE ACCEPTED AS PSD FROM CENTRAL PSUS. (B) PSD IS NOT NECESSARY FOR CONTRACTS VALUING UP TO RS. 10 LAKHS. (C) THE PSD/PERFORMANCE BANK GUARANTEE SHOULD BE VALID FOR ADDITIONAL PERIOD OF 60 DAYS BEYOND THE DELIVERY DATE OF COMPLETION OF ALL CONTRACTUAL OBLIGATION INCLUDING WARRANTY PERIOD (IF ANY). IN THE EVENT OF THE CONTRACTUAL DELIVERY PERIOD BEING EXTENDED BY THE BUYER, THE SELLER SHALL BE RESPONSIBLE TO ENSURE THAT THE VALIDITY OF THE PERFORMANCE GUARANTEE IS ALSO SIMULTANEOUSLY EXTENDED/RE-VALIDATED SO THAT IT IS VALID FOR ADDITIONAL PERIOD OF 60 DAYS BEYOND THE NEW DELIVERY DATE OF COMPLETION OF ALL CONTRACTUAL OBLIGATION INCLUDING WARRANTY PERIOD (IF ANY). (D) IN THE EVENT OF NON-PERFORMANCE OF THE ITEM AND IF SELLER FAIL TO ATTEND THE DEFECTS WITHIN REASONABLE PERIOD OF TIME, THE PSD WILL BE FORFEITED /THE PERFORMANCE BANK GUARANTEE WILL BE ENCASHED. IN CASE ANY CLAIMS OR ANY OTHER CONTRACT OBLIGATIONS ARE OUTSTANDING, THE SELLER SHALL EXTEND THE PERFORMANCE BANK GUARANTEE AS REQUESTED BY THE BUYER TILL SUCH TIME AS THE SELLER SETTLES ALL CLAIMS AND COMPLETES ALL CONTRACT OBLIGATIONS. THE PERFORMANCE BANK GUARANTEE SHALL ALSO BE LIABLE FOR ENCASHMENT/FORFEITED IF CONDITIONS REGARDING ADHERENCE TO DELIVERY SCHEDULE AND OTHER PROVISIONS OF THE CONTRACT ARE NOT FULFILLED BY THE SELLER. THE BUYER DECISION SHALL BE FINAL AND BINDING IN THIS REGARD. (E) PERFORMANCE SECURITY DEPOSIT IS INITIALLY TO BE GIVEN BY THE SUPPLIER FOR ORIGINAL SUPPLY ORDER QUANTITY WITHOUT OPTION CLAUSE QUANTITY. PSD (WITHOUT INTEREST EXCEPT FDR) FOR THE ORIGINAL SUPPLY ORDER QUANTITY MAY BE RETURNED AFTER 60 DAYS OF FULFILMENT OF ALL CONTRACTUAL OBLIGATIONS OF THE ORIGINAL SUPPLY ORDER QUANTITY INCLUDING WARRANTY PERIOD (IF ANY ). REGARDING OPTION CLAUSE, PSD AMOUNT MAY BE WORKED OUT BASED ON OPTION CLAUSE QUANTITY. PSD FOR OPTION CLAUSE QUANTITY MAY BE RETURNED AFTER 60 DAYS OF FULFILMENT OF ALL CONTRACTUAL OBLIGATIONS OF THE OPTION CLAUSE QUANTITY INCLUDING WARRANTY PERIOD (IF ANY). (F) PSD WILL BE SUBMITTED IN FAVOUR OF PRINCIPAL CONTROLLER OF ACCOUNTS (FYS) KOLKATA. THE SELLER SHOULD SENT ORIGINAL COPY OF PSD TO FACTORY /UNIT CONCERNED FIRST WITH A COPY TO PCA(FYS) KOLKATA. AFTER VERIFICATION/CONFIRMATION OF GENUINENESS BY THE RELEVANT BANK, A COPY OF THE SAME CAN BE FORWARDED BY FACTORY TO PCA (FYS) KOLKATA. 6. EARNEST MONEY DEPOSIT: A) EMD FOR A VALUE OF RS. ________ TO BE SUBMITTED IN THE FORM OF ACCOUNT PAYEE DEMAND DRAFT / FIXED DEPOSIT RECEIPT /BANKER’S CHEQUE / BANK GUARANTEE (IN PRESCRIBED FORMAT) FROM ANY OF THE COMMERCIAL BANKS / PAYMENT ONLINE (TO BE SPECIFIED, ON IMPLEMENTATION). EMD SHOULD BE VALID FOR ____ DAYS BEYOND THE VALIDITY OF THE BID. BANK DETAILS ARE AS FOLLOWS:____________________. B) OFFERS NOT ACCOMPANIED WITH REQUISITE AMOUNT OF EMD OR EMD

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