1

Issue of tender document

 On or before 7.05.08

2

Submission of tender extended

On  or before 08.05.08  upto 15.00 hrs

3

Opening of tender

On 08.05.08  at 15.30 hrs

4.

Earnest Money

Rs.19000.00 ( Rupees nineteen thousand only) by crossed demand draft/Banker’s Cheque favouring ALLAHABAD BANK payable at Kolkata

5 a)

PART-I

Earnest Money and Company Profile enclosing the documentary evidence in support of execution of similar type of work

PART-II

Price BID

5

Time of completions

40 days

5

Liquidated damages for delay

1. Should the work be not completed  to the satisfaction of the Employer within the stipulated period, the contractor shall be bound to pay to the Employer a sum equivalent to 1% of the accepted tendered per week subject to ceiling of 10% of the accepted contract amount by way of liquidated damages and not as penalty during which the work remains uncommenced or unfinished after expiry of the completion date.  

7

Payment terms

No advance will be paid. However running bill during progress of work may be paid  considering the progress of work. The payment will be made on the basis of actual measurements. Income tax will be deducted as per the rules.
Retention Money  10% will be deducted from the bill and to be released after 3 months from the date of virtual completion provided no defects is observed during this period.
Final payment will be made on satisfactory completion of the job