Contractual Delivery. Schedule The stores covered under this purchase order shall be supplied on or before 01/06/2018 In the event contractor fails to execute supply the ordered stores within the Contractual Delivery Schedule, the purchaser shall be entitled at his option to the following: a] To procure ordered stores from elsewhere at the contractors risk and cost. b] To accept / to reject the delayed delivery or to cancel the Purchase Order. In case of acceptance of delayed stores such acceptance shall not entitle the contractor to claim payment on account of escalation or extra payment on account of increase of statutory levies that may be payable at higher rate after the expiry of contract delivery date. In case the contractor fails to apply and secure extension of contractual delivery schedule before handing over the facilities, acceptance of facility by the purchaser will in no way prejudice rights of the purchaser to levy liquidated damages for delays nor will it entitle contractor for payment of additional statutory levies that comes in to force after the expiry of the contractual delivery schedule 6 Liquidated Damages In case of any delay in executing the contract as per the scope defined in the "Contractual Delivery Schedule Clause", Liquidated Damages at the rate of 1% per week or part thereof on the delayed/undelivered portion of supplies will be recovered from your bills subject to a maximum of 5%. of the value (Basic Price) of the delayed/undelivered quantity. Goods & Service Tax on Liquidated Damages, as applicable shall be borne by the Contractor and shall be recovered from the payment due to them
Appears in 1 contract
Sources: Purchase Order
Contractual Delivery. Schedule The stores covered under this purchase order shall be supplied on or before 01/06/2018 27/04/2018 In the event contractor fails to execute supply the ordered stores within the Contractual Delivery Schedule, the purchaser shall be entitled at his option to the following: a] To procure ordered stores from elsewhere at the contractors risk and cost. b] To accept / to reject the delayed delivery or to cancel the Purchase Order. In case of acceptance of delayed stores such acceptance shall not entitle the contractor to claim payment on account of escalation or extra payment on account of increase of statutory levies that may be payable at higher rate after the expiry of contract delivery date. In case the contractor fails to apply and secure extension of contractual delivery schedule before handing over the facilities, acceptance of facility by the purchaser will in no way prejudice rights of the purchaser to levy liquidated damages for delays nor will it entitle contractor for payment of additional statutory levies that comes in to force after the expiry of the contractual delivery schedule 6 Liquidated Damages In case of any delay in executing the contract as per the scope defined in the "Contractual Delivery Schedule Clause", Liquidated Damages at the rate of 1% per week or part thereof on the delayed/undelivered portion of supplies will be recovered from your bills subject to a maximum of 5%. of the value (Basic Price) of the delayed/undelivered quantity. Goods & Service Tax on Liquidated Damages, as applicable shall be borne by the Contractor and shall be recovered from the payment due to them
Appears in 1 contract
Sources: Purchase Order
Contractual Delivery. Schedule The stores covered under this purchase order shall be supplied on or before 01/06/2018 10/04/2018 In the event contractor fails to execute supply the ordered stores within the Contractual Delivery Schedule, the purchaser shall be entitled at his option to the following: a] To procure ordered stores from elsewhere at the contractors risk and cost. b] To accept / to reject the delayed delivery or to cancel the Purchase Order. In case of acceptance of delayed stores such acceptance shall not entitle the contractor to claim payment on account of escalation or extra payment on account of increase of statutory levies that may be payable at higher rate after the expiry of contract delivery date. In case the contractor fails to apply and secure extension of contractual delivery schedule before handing over the facilities, acceptance of facility by the purchaser will in no way prejudice rights of the purchaser to levy liquidated damages for delays nor will it entitle contractor for payment of additional statutory levies that comes in to force after the expiry of the contractual delivery schedule Note: 1. Scope of contract includes Pre-despatch inspection & final supply. 2. Records for sending call letter to NPCIL and receipt of shipping release shall be maintained for reference. KKNPP/1&2/CMM/16032/PO:11928 DATE :02/02/2018 6 Liquidated Damages In case of any delay in executing the contract as per the scope defined in the "Contractual Delivery Schedule Clause", Liquidated Damages at the rate of 1% per week or part thereof on the delayed/undelivered portion of supplies will be recovered from your bills subject to a maximum of 5%. of the value (Basic Price) of the delayed/undelivered quantity. Goods & Service Tax on Liquidated Damages, as applicable shall be borne by the Contractor and shall be recovered from the payment due to them
Appears in 1 contract
Sources: Purchase Order
Contractual Delivery. Schedule The stores covered under this purchase order shall be supplied on or before 01/06/2018 27/10/2018 In the event contractor fails to execute supply the ordered stores within the Contractual Delivery Schedule, the purchaser shall be entitled at his option to the following: a] To procure ordered stores from elsewhere at the contractors risk and cost. b] To accept / to reject the delayed delivery or to cancel the Purchase Order. In case of acceptance of delayed stores such acceptance shall not entitle the contractor to claim payment on account of escalation or extra payment on account of increase of statutory levies that may be payable at higher rate after the expiry of contract delivery date. In case the contractor fails to apply and secure extension of contractual delivery schedule before handing over the facilities, acceptance of facility by the purchaser will in no way prejudice rights of the purchaser to levy liquidated damages for delays nor will it entitle contractor for payment of additional statutory levies that comes in to force after the expiry of the contractual delivery schedule 6 Liquidated Damages In case of any delay in executing the contract as per the scope defined in the "Contractual Delivery Schedule Clause", Liquidated Damages at the rate of 1% per week or part thereof on the delayed/undelivered portion of supplies will be recovered from your bills subject to a maximum of 5%. of the value (Basic Price) of the delayed/undelivered quantity. Goods & Service Tax on Liquidated Damages, as applicable shall be borne by the Contractor and shall be recovered from the payment due to them
Appears in 1 contract
Sources: Purchase Order