Executive Engineer Sample Clauses

Executive Engineer. 2. ........................................................ for & on behalf of Governor of Punjab ANNEXURE 'A' PUBLIC WORKS DEPARTMENT (W/S & Sanitation Deptt.) PUNJAB Notice Inviting Tender and Instructions to Tenderers 1. Sealed Tenders in the prescribed form P.W.D. No.................... are hereby invited on behalf of the Governor of Punjab for the construction of (please see slip attached) at an estimated cost of Rs......................................................
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Executive Engineer. Public Works Division No 2 ,Nagpur Dated the day of _ 2016 Security Deposit CONDITIONS OF CONTRACT 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 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 make up the full security deposit specified in 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 4(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, a the sum so deposited shall not amount to 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 4(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 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 there after make good in cash or Government securities endorsed as aforesaid, any sums or sums which may have been deducted from or raised by sale of his security deposits or may part thereof. The security deposit referred to, when paid in cash may, at the cost of the depositor, be converted into int...

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