Procurement Opportunity: Procurement Services in KOMRAM BHEEM, TELANGANA

2.50% of the estimated cost (Part ?A? + Part ?B?). For this work EMD is exempted for participation in the tender & for concluding the agreement by successful contractor. However, required EMD of

2.5% of the estimated cost (Part A+ Part B) shall be recovered from the running bills after expenditure of 25% of the concerned work. The Department will notify the successful bidder for submission of hard copies of registration certificate and Bonafide certificate in respect of SC community uploaded at the time of bidding. Further, the EMD of 2½ % so recovered from the running bills towards performance of contract is to be kept valid for a period as given below: (i.e., period of completion plus defect liability period plus 3 months). If any successful bidder fails to submit the above within the stipulated time, they will be suspended from participating in the tenders on e-procurement for a period of three years. The undersigned reserves the right to accept any tender in full or in part or to reject any or all tenders without assigning reasons. On award of the work, if the contractor fails to execute the work within the stipulated time, or fails to show substantial progress as per the programme submitted by contractor at the time of Agreement on various items of work given in schedule of quantities, the SCCL is at liberty to order the contractor to discontinue the work forthwith and the company shall recover liquidated damages, difference in cost of the work left incomplete as per the prevailing rates, confiscate the Earnest Money Deposit & Further Security Deposits paid on the work and also to debar the contractor in participation of tenders. Such recoveries will be deducted from the bills payable to the contractor. If the amounts of pending bills are not sufficient to meet the recoveries, the SCCL is at liberty to recover from any amounts either held by SCCL or due for payment including pending bills of other works of this contractor with the SCCL.