Examples of HPCL in a sentence
The contract is awarded for 2 (two) years w.e.f. xxxx (zone to incorporate) with option for extension up to 1 (one) more year at the sole discretion of HPCL at the same rates, terms and conditions.
Hindustan Petroleum Corporation Limited (HPCL) hereinafter referred to as “The Principal” , and ……………………………… ……………………….
HPCL as a policy has introduced branding of TTs, both company owned as well as transporters T/Ts at all its locations.
The Integrity Pact duly signed by the authorized official of HPCL and the Contractor , will form part of this contract / supply order.
If the Bidder has been disqualified from the tender process prior to the award of contract according to the provisions under Integrity Pact, HPCL shall be entitled to demand and recover from bidder Liquidated damages amount by forfeiting the EMD/Bid security (Bid Bond) as per provisions of Integrity Pact.
HPCL promises to consider the bid on this condition and the Bidder agrees to keep the bid open for the required period.
They further agree that the contract consisting of the above conditions of NIT as the offer and the submission of Bid as the Acceptance shall be separate and distinct from the contract which will come into existence when bid is finally accepted by HPCL.
For any further clarification, concerned officials at HPCL ______- ZONE may be contacted.
If the contract has been terminated according to provisions of the Integrity Pact, or if HPCL is entitled to terminate the contract according to provisions of Integrity Pact, HPCL shall be entitled to demand and recover from the Contractor liquidated damages amount by forfeiting the Performance Bank Guarantee / Security Deposit as per Integrity Pact.
The consideration for this separate initial contract preceding the main contract is that HPCL is not agreeable to sell the NIT to the Bidder and to consider the bid to be made except on the condition that the bid shall be kept open for 180 days after the last date fixed for the receipt of the bids and the Bidder desires to make a bid on this condition and after entering into this separate initial contract with HPCL.