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Hindustan Construction Company Ltd for Design , Fabrication and erection of steel bridge at Rambiara Nala, Sophian end of Mughal Road Project in the state of Jammu & Kashmir Scope:
Basis of quote and payment : Quotation shall be based on per MT basis (with both the options of with and without material) including all applicable taxes and duties and should remain firm throughout the tenure of the contract. Payment terms shall be mutually discussed and agreed upon. Defect liability: Defect liability period shall be 12 months from completion of entire work. Performance Securities: Performance Bank Guarantee: 5 % of the Contract value in stipulated format from a Nationalized/ Scheduled bank approved by HCC with a validity upto three months from the completion of works. The PBG shall be encashable at Mumbai and is to be submitted within 7 days from the LOI. Cash Retention Money: An amount equivalent to 5% of the gross value of the running account bill / interim progress bill shall be deducted from all invoices / running account / interim progress bills towards performance security in the form of cash retention money. The retention money held shall be returned without interest to the Subcontractor within 3 months after completion of Defect liability period , on fulfilling all their obligations and on submission of “No Claims Certificate” in the format provided by HCC. The contractor should have substantial experience in executing similar job. The following documents need to be submitted alongwith the quote:
For any further information and site visit, please contact Mr. Amitava Chakraborty, Website: www.hccindia.com
Last date for receipt of response against this tender is 29 th February,2008. HCC reserves the right to reject the tender without assigning any reason. Selection of Contractor shall be at the absolute discretion of HCC and HCC's decision in this respect shall be final and binding. |
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