Canteen Services At Bakania Depotcanteen Services At Bakania Depot Emd Clause: ( The Bidders To Submit Bid Security Declaration ( As Per Annexure Given Below ) Accepting That If They Withdraw Or Modify Their Bids During The Period Of Validity Etc., , Bakania-Madhya Pradesh

Canteen Services At Bakania Depotcanteen Services At Bakania Depot Emd Clause: ( The Bidders To Submit Bid Security Declaration ( As Per Annexure Given Below ) Accepting That If They Withdraw Or Modify Their Bids During The Period Of Validity Etc., They Will Be Suspended For The Time Specified In The Tender Documents ( In-Line With Holiday Listing Policy ) . No Bid Security Declaration, Will Be Required From Micro And Small Enterprise Vendors ( Mse ) , Registered Vendors Participating In Limited Tenders And Oem Vendors / Oem Authorized Agents And Suppliers. Security Deposit Clause: Successful Vendor Has To Submit A Bank Guarantee Or Dd In Favour Of Bharat Petroleum Corporation Ltd For A Sum Equivalent To 3 Percent Of The Total Tendered Value Of Works At The Time Of Signing Loi / Contract. ( Kindly Note That No Interest Will Be Given For Any Deposit / Retention ) Performance Bank Guarantee Clause: Vendor Will Have To Provide Performance Bank Guarantee For 3% Of The Basic Value Of Purchase Order Unless Otherwise Specified ( If Tender Value Is More Than 10 Lacks ) . This Bank Guarantee Shall Be Valid ( Shall Remain In Force ) For Guarantee Period ( As Mentioned In The Guarantee Clause ) , With An Invocation Period Of Six Months Thereafter. In The Case Of Indigenous Vendors, The Performance Bank Guarantee Shall Be Given On A Non-Judicial Stamp Paper Of Appropriate Value ( Currently Rs 100 ) . Pbg Format Is As Per Annexure I Of Gpc. In Case, Pbg Is Not Provided By The Vendor, 10% Of The Basic Value Shall Be Retained In Lieu Of Pbg, Till The Expiry Of Guarantee And Claim Period. ( Kindly Note That No Interest Will Be Given For Any Deposit / Retention ) The Successful Tenderer Shall Submit Bank Guarantee ( Sfms Bank Guarantee ) In Required Format As Per Bpcl With Validity Of One Year For 10% Of Final Invoice Amount Or Appropriate Amount As Informed By Engineering Officer For Release Of Payment Against Final Invoice. Bpcls Bank Details For Issuance Of Sfms Bank Guarantee Are As Follows. Name Of Bank: State Bank Of India Branch: Cag Branch, Mumbai Account No: 11083980831 Ifsc Code: Sbin0009995 ( Applicable For Works Costing More Than 10 Lacs. ) In The Case Of Any Tender Costing More Than 10 Lacs Without Gst / Applicable Taxes, Vendor Has An Option To Select Between: A. Submitting A Performance Bank Guarantee Upfront For 10 % Of Total Value Of Contract. B. Or Submitting Separate Bank Guarantees On The Basis Of 10% Of Each Running Bill. Failing Which The Contract Will Stand Cancelled. Interim Payments At The Sole Discretion Of The Company, The Contractor Can Receive Up To 90% Of The Payment For The Cost Of Work Done. ( 3 % Retention Money ) Or Vendor Has To Submit The Pbg / Security Deposit In Form Of Dd / Bank Guarantee. Interim Bills Should Be Duly Supported By The Measurements Of Work Actually Done. All Payments Shall Be Subjected To Deduction Of Income Tax As May Be Applicable From Time To Time. =>Limited

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