Common use of CONDITIONS OF CONTRACT Clause in Contracts

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent of all moneys so payable such deduction to be held by Government by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits or any part thereof. The Security Deposit referred to when paid in cash may, at the cost of depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, concerned upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent to 4(Four)percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four 4(Four ) percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 4(Four ) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. Compensati on for delay If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/tender / Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment payment of the final xxxxbill, if the date upto up to which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxxbill. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto up to which the contractor has agreed to maintain the work in good order, then, then subject to provisions of clauses clause 17 and 20 hereof here of the amount of Security Deposit security deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act at (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons Clause-1 – The firm/ firms whose tender may be accepted (herein after hereinafter called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall (A) ( within 10 days one day for a contract of Rs. 5000/- (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if If deposited for more than 12 months.) a sum which the amount of sum sufficient which will made the xxxxxxx money in shape of TDR deposited by him with his tender with make up the full security deposit specified in the tender or (B) (Permit permit the Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four to 4% percent of all moneys money so payable such deduction deductions to be held by Government the government by way of security deposit) provided deposit : Provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, lumpsum then and in such case, if the sum so deposited shall not amount to Four percent, 4% percent of the total estimated cost of the work, materials to be supplied it shall be lawful for Government the government at the time of making any payment to the contractor for work done under the contract contracts to make up the full amount of two 4% percent by deducting a sufficient sum from every such payment as at last aforesaid until the full amount of the security deposit is made upaforesaid. All compensation compensations or other sum sums of money payable by the contractor contractors to Government the government under the terms of his Contract contract may be deducted from or paid by the sale of a sufficient part of his security deposit or from the interest arising there from therefore or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature contractor by the government on any account whatsoever, what soever and in the event of his security deposit being reduced deducted by reason of any such deduction or sale as aforesaid, the contractor shall, shall within ten 10 days thereafter, thereafter make good in cash or Government government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits deposit or any part thereof. The Security Deposit referred security deposit refered to when paid in cash may, may at the cost of depositor, the depositer be converted into interest bearing securities provided that the depositor depositer has expressly desired this in writing. If writing if the amount of the Security Deposit security deposit to be paid in lump sum a lumpsum within the period periods specified at (A) above is not paid, the Tender/Contract tender / contract already accepted shall be considered as cancelled and legal step will be steps taken against the contractor for recovery of the amounts. The amount of the Security Deposit security deposit lodged by a contractor shall be refunded alongwith after the Payment expiry of three months from date of on which the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order bills is overpaid. If such date is not over, only 50% amount after completion of security deposit defect liability period of 24 Months remaining 50% as per details given in clause 23 Clause -2 The contractor shall deliver the materials on or before the dates mention in the Tender, failing which he shall be refunded alongwith liable to pay a sum of Rs. 500/- as and liquidated damages for every days that he shall delay the payment delivery of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e)said materials.

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 Chief Executive Officer Zilla Parishad Solapur concerned upto15 days if the Superintending Engineer Chief Executive Officer Zilla Parishad Solapur thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four to 5 (Five) percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four 5 (Five) percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 5 (Five) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. Compensatio n for delay Action when whole of Security Deposit is forfeited. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).at

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent of all moneys so payable such deduction to be held by Government by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits or any part thereof. The Security Deposit referred to when paid in cash may, at the cost of depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security Security Deposits deposit shall be refunded alongwith along with the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The Clause-1 The person/persons whose tender may be accepted (herein after hereinafter called the contractor(contractor shall, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall [A] (A) within 10 ten days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender tender) deposit with the Executive Municipal Engineer in cash or Govt. Government securities endorsed to the Executive Municipal Engineer (if deposited for more than 12 months) of a sum sufficient which will made (with the amount of the xxxxxxx-money deposited by him) with his tender to make up the full security deposit specified in tender [B] (permit the tender or (B) (Permit Government Municipal Committee at the time of making any payment to tot him for work done under the contract to deduct such sum as will - with the xxxxxxx-money deposited by him - amount *+ four percent to ten per cent of all moneys so payable payable, such deduction deductions to be held by Government the Municipal Committee by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up). All compensation or other sum sums of money payable by be the contractor to Government the Municipal Committee under the terms of his Contract contract may be deducted from from, or paid by the sale of a sufficient part of his the security deposit deposit, or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature contractor by the Municipal Committee on any account whatsoever, whatsoever and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, shall within ten days thereafter, thereafter make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits deposit or any part thereof. Clause-2 The Security Deposit referred time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned form the date on which the order to when paid commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with all due diligence (time being deemed to be the essence of the contract on the part of the contractor) and the contractor shall pay as the Municipal Committee (whose decision in cash may, at the cost of depositor, writing shall be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If final) may decide on the amount of the Security Deposit estimated cost of the whole works shown by the tender for every day that the work remains un-commenced or unfinished after the proper dates. And further, to be paid in lump sum within ensure good progress during the period specified at (A) above is not paidexecution of the work, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxxbound, if the date upto in all cases in which the contractor has agreed to maintain the time allowed for any work in good order is over. If such date is not overexceeds one month, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions one/fourth of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).the

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons 1. The person person whose tender may be accepted (herein after thereinafter called the contractor, which expression shall unless excluded excited by or repugnant to the context include his, heirs, executors, administrators, contractor his heirs executors administrators representatives and assigns) assigns shall - (A) [within 10 one day for one of Rs. 2000 or less and so on up to a limit often days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him his of the notification of the acceptance of his tender tender) deposit with the Executive Engineer Sub Divisional Officer/Divisional Officer in cash or Govt. Government securities endorsed to the Executive Engineer D.O./E.E. (if deposited for more than 12 months) of months a sum sufficient which will made with the amount of xxxxxxx money deposited by his with his tender to make up the full security deposit specified in the tender or tender) of (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct deducted such some as will (with the xxxxxxx money deposited by him) amount *+ four to........................ percent of all moneys money so payable such deduction deductions to be held by Government Municipal Corporation by way of security deposit) _ provided always that in the event ever of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then above than and in such case, case if the sum so deposited shall not amount to Four percent, percent of the total estimated cost of the lesson work, it . It shall be lawful awful for Government Municipal Corporation at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by percentage of............................. Percent deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made upaforesaid. All compensation of other sums or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature Municipal Corporation on any account whatsoever, whatsoever and in the event of his security deposit being reduced deducted by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, thereafter a make good in cash or Government securities endorsed as aforesaid any sum or lump of sums which may have been deducted from or raised by sale said of his security deposits deposit or any part thereof. thereof The Security Deposit security deposit referred to when paid in cash may, may at the cost of depositor, the deposit or be converted into in to interest bearing securities provided that the depositor deposit for has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, Chief Executive Officer concerned upto 15 days if the Superintending Engineer Chief Executive Officer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Chief Executive Engineer Officer in cash or Govt. securities endorsed to the Chief Executive Engineer Officer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent to 4(Four)percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four percent4(Four)percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 5(Five) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. Compensati on for delay Action when whole of Security Deposit is forfeited. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/tender / Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment payment of the final xxxx, if the date upto up to which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto up to which the contractor has agreed to maintain the work in good order, then, then subject to provisions of clauses clause 17 and 20 hereof here of the amount of Security Deposit security deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act at (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The - The person/persons whose tender may be accepted (herein after hereinafter called the contractorContractor, which expression shall unless excluded by or repugnant to the context include his, his heirs, executors, administrators, contractor and assignsassigns ) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto concerned up to 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. Government securities endorsed to the Executive Engineer (if deposited for more than 12 months) of the sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four to * FOUR percent of all moneys so payable such deduction deductions to be held by Government by way of security deposit. ) provided Provided always that in the event of the contractor Contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, FOUR percent of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor Contractor for work done under the contract to make up the full amount of two FOUR percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum sums of money payable by the contractor Contractor to Government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from form , or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, whatsoever and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, Contractor shall within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from from, or raised by sale of his security deposits deposit or any part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. The security deposit will not be accepted in forms of insurance company bonds as per Government orders contained in No. CCM/PWD/4250 DATED 27/12/1956. Note: This will be the same percentage as that in the tender at (e) on Page No. 31. If the amount of the Security Deposit to security deposit be paid in a lump sum within the period specified at (A) above is not paid, paid the Tendertender/Contract contract already accepted shall be considered as cancelled and legal step will be steps taken against the contractor Contractor for recovery of the amounts. The amount of the Security Deposit security deposit lodged by a contractor Contractor shall be refunded alongwith along with the Payment payment of the final xxxx, if the date upto up to which the contractor Contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor Contractor has agreed to maintain the work in good order is over. In the event of the contractor Contractor failing or neglecting to complete rectification work within the period upto up to which the Contractor has agreed to maintain the work in good order, then, then subject to provisions provision of clauses Clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department Department on rectification work *+ This will be the same percentage as that in the tender act (e)work.

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after Deposit called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 Chief Executive Officer Zilla Parishad Sangli concerned upto15 days if the Superintending Engineer Chief Executive Officer Zilla Parishad Sangli thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four to 5 (Five) percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four 5 (Five) percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 5 (Five) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/tender / Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment payment of the final xxxx, if the date upto up to which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto up to which the contractor has agreed to maintain the work in good order, then, then subject to provisions of clauses clause 17 and 20 hereof here of the amount of Security Deposit security deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act at (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, concerned upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent to 4(Four)percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four 4(Four ) percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 4(Four ) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. Compensati on for delay Action when whole of Security Deposit is forfeited. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).at

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assignsassigneds) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent of all moneys so payable such deduction to be held by Government by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits or any part thereof. The Security Deposit referred to when paid in cash may, at the cost of depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent of all moneys so payable such deduction to be held by Government by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being Security Deposits reduced by reason of any such deduction or sale as aforesaid, the contractor shall, within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits or any part thereof. The Security Deposit referred to when paid in cash may, at the cost of depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive University Engineer in cash or Govt. securities endorsed to the Executive University Engineer (if deposited for more than 12 months) of sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent of all moneys so payable such deduction to be held by Government by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four Two percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits or any part thereof. The Security Deposit referred to when paid in cash may, at the cost of depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment of the final xxxxbill, if the date upto up to which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxxbill. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto up to order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, upto up to 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made up the full security deposit specified in the tender or (B) (Permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ to four percent of all moneys so payable such deduction to be held by Government by way of security deposit) provided always that in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if the sum so deposited shall not amount to Four percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract to make up the full amount of two percent by deducting a sufficient sum from every such payment as last aforesaid until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government under the terms of his Contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, the contractor shall, within ten days thereafter, make good in cash or Government securities endorsed as aforesaid any sum or sums which may have been deducted from or raised by sale of his security deposits or any part thereof. The Security Deposit referred to when paid in cash may, at the cost of depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto up to which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto up to order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, concerned upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent to 4(Four)percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four 4 (Four) percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 4 (Four) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith the Payment of the final xxxx, if the date upto which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith the payment of the final xxxx. The amount of security deposit retained by the Government shall be released after expiry of period upto which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto order, then, subject to provisions of clauses 17 and 20 hereof the amount of Security Deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act (e).at

CONDITIONS OF CONTRACT. Security Deposits Clause 1 :-The person/Clause1: The person / persons whose tender may be accepted (herein after called the contractor, which expression shall unless excluded by or repugnant to the context include his, heirs, heirs executors, administrators, contractor and assigns) shall (A) within 10 days (which may be extended by the Superintending Engineer concerned, concerned upto 15 days if the Superintending Engineer thinks fit to do so) of the receipt by him of the notification of the acceptance of his tender deposit with the Executive Engineer in cash or Govt. securities endorsed to the Executive Engineer (if deposited for more than 12 months) of sum sufficient which will made make up the full security deposit specified in the tender or (B) (Permit permit Government at the time of making any payment to him for work done under the contract to deduct such as will amount *+ four percent to 4(Four)percent of all moneys so payable payable, such deduction to be held by Government by way of security deposit) , provided always that always, that, in the event of the contractor depositing a lump sum by way of security deposit as contemplated at (A) above, then and in such case, if a the sum so deposited shall not amount to Four 4(Four ) percent, of the total estimated cost of the work, it shall be lawful for Government at the time of making any payment to the contractor for work done under the contract, to make up the payment to the contractor for work done under the contract to make up the full amount of two percent 4(Four ) percent, by deducting a sufficient sum from every such payment as last aforesaid aforesaid, until the full amount of the security deposit is made up. All compensation or other sum of money payable by the contractor to Government government under the terms of his Contract contract may be deducted from or paid by the sale of sufficient part of his security deposit or from the interest arising there from or from any sums which may be due or may become due by Government to the Contractor contractor under any other contract or transaction of any nature on any account whatsoever, and in the event of his security deposit being reduced by reason of any such deduction or sale as aforesaid, aforesaid the contractor shall, shall within ten days thereafter, there after make good in cash or Government securities endorsed as aforesaid aforesaid, any sum sums or sums which may have been deducted from or raised by sale of his security deposits or any may part thereof. The Security Deposit security deposit referred to to, when paid in cash may, at the cost of the depositor, be converted into interest bearing securities provided that the depositor has expressly desired this in writing. If the amount of the Security Deposit to be paid in lump sum within the period specified at (A) above is not paid, the Tender/tender / Contract already accepted shall be considered as cancelled and legal step will be taken against the contractor for recovery of the amounts. The amount of the Security Deposit lodged by a contractor shall be refunded alongwith along with the Payment payment of the final xxxxbill, if the date upto up to which the contractor has agreed to maintain the work in good order is over. If such date is not over, only 50% amount of security deposit shall be refunded alongwith along with the payment of the final xxxxbill. The amount of security deposit retained by the Government shall be released after expiry of period upto up to which the contractor has agreed to maintain the work in good order is over. In the event of the contractor failing or neglecting to complete rectification work within the period upto up to which the contractor has agreed to maintain the work in good order, then, then subject to provisions of clauses clause 17 and 20 hereof here of the amount of Security Deposit security deposit retained by Government shall be adjusted towards the excess cost incurred by the department on rectification work *+ This will be the same percentage as that in the tender act at (e).