PAYMENT TERMS. 100% OF THE PAYMENT SHALL BE RELEASED AFTER SUBMISSION OF ELECTRICAL AUDIT REPORT. NO ADVANCE WILL BE PAID. 25.
PAYMENT TERMS. The pre-receipted paste of ₹ 1 revenue stamp on each bill in triplicate may be send to this office for payment after satisfactorily execution of as certified by Engineer-in- Charge. The bill should have full particulars of the items. a. No Payment shall be made in advance nor shall the loan from any or financial institutions be recommended on the basis of the order of award of work. The contractor shall submit the bill only after successfully completion of work. The case of issuing sanction and passing of bill for payment will be initiated on receipt of a pre- receipted invoice from the Contractor. b. No payment will be made for goods rejected. 15. The Executive Director, RCB will have the full right to reject any or all the tenders without assigning any reason whatsoever and is not bound to accept the lowest tender. The Executive Director, RCB also reserves the right to award the contract with more than one contractor. 16. Any tender which does not satisfy the terms and conditions set out in the tender notice is liable to be rejected. 17. Every effort will be made by the RCB for arranging payment within a reasonable period after receipt of certified bills in the office of Executive Engineer, RCB, Faridabad. If the contractor does not get the payment within 45 days of submission of his bill to the UNIT head concerned, the fact may be brought to the notice of the undersigned in writing who will take necessary action in the matter. However, it is made clear that the successful tenderer will not be eligible to get any interest on the amount of the pending bills in case, the bills are held up for unavoidable reasons. 18.
PAYMENT TERMS. (i) Payment will be made on monthly basis after submission of bill in the succeeding months duly verified by Engineer In-charge/ XXX. (ii) On submission of consumable item sheet duly verified by Engineer In-charge /CAO. (iii) On submission of TOOLS & PLANTS sheet duly verified by Engineer In- charge /XXX. (iv) On submission of Engaged Manpower Details as per tender duly verified by Engineer In-charge /XXX. (v) On submission of MEP complaint register/sheet duly verified by Engineer In-charge /XXX. 4.3
PAYMENT TERMS. Payment will be made on quarterly basis after successful completion of every quarter of the year and upon receiving of ‘Satisfactory’ Service Certificate’ from the RITC and all departments, NIFT for the said period and submission of Call reports by the stationed Engineer. 10.
PAYMENT TERMS. Payment shall be released on quarterly basis after successful completion of respective quarter subject to the submission of the following by the vendor: a. Invoice mentioning the Period and separately mentioning the items by name, Rate, Quantity, Unit Rate and Total Amount. b. Quarterly Preventive Maintenance Reports and Service Reports with the sign and stamp of branch officer/head after rendering satisfactory services during the Quarter/HY by the vendor. c. Preferably there should be no complaint pending for completion at the time of quarterly/HY claim submission by the vendor. d. Advance payment cannot be made in any case. e. All payments shall be made after deducting suitable penalty charges, downtime charges and other charges if any. f. Downtime record is required to be submitted along with the invoice. g. Photos of each & every UPS & batteries with time stamp same as that of Preventive maintenance. xxix)
PAYMENT TERMS a) Payment within 15 days after delivery at respective offices on production of proof of delivery/installation certificate along with triplicate pre-receipted invoice in originals. b) Efforts would be made to effect the payment within two weeks of submission of undisputed invoices, warranty certificate, reports along with all the required supporting documents in originals.
PAYMENT TERMS. 2.4.1. Normal payment term of Railway is 100% payment after receipt and acceptance of material by consignee. Payment for the full stores or each consignment thereof will be made to the contractor on submission of bill accompanied by the prescribed documents mentioned in the contract. 2.4.2. Payment terms of 95% + 5%: 2.4.2.1. Payment of 95% for the stores or each consignment thereof will be made against Inspection Certificate and proof of dispatch. For dispatch of material by road, it is the challan of the supplier duly certified by the consignee Gazetted Officer towards receipt of material at consignee’s end will constitute the proof of dispatch for the purpose of payment. For rail dispatch, clear and unqualified RR / PWB may be considered as the proof of dispatch. 2.4.2.2. Balance 5%, payment will be made on receipt and acceptance of stores by the consignee, signified by granting of Receipt Note. In other words, balance 5% payment shall be made against Receipt Note. 2.4.3. However, for orders valuing up to Rs. 5 Lakhs, 100% payment against receipt and acceptance of the material by the consignee i.e., against Receipt Note shall be preferred. 2.5.
PAYMENT TERMS. 4.9.1. For orders valued upto Rs. 5 lakh - 100% payment will be made after inspection andreceipt/installation and acceptance of equipment by the consignee. 4.9.2. For orders valued above Rs. 5 lakh I) For general purpose machines a) 90% payment of net value of equipment with Packing & Forwarding charges, Optional Accessories Spares & Consumable but excluding Agency Commission (if any), Training and installation and commissioning charges will be made on receipt of the material duly pre- inspected and receipted at site by the consignee in good condition. b) Balance payment will be made on furnishing a Bank Guarantee for an amount equal to 10% of the contract value, fully indemnifying the Purchaser against all losses incur red by the Purchaser against all losses incurred by the Purchaser during the guarantee period stipulated in the Warranty Clause within 30 days of the receipt of Bill after successful completion of proving test in which the machine performance would have been demonstrated by the supplier or his agent after its commissioning at the Consignee’s premises. Where, however, the installation and commissioning of the machine is delayed or put off beyond 90 days of the receipt of the goods at the ultimate destination due to express written instructions of the Purchaser/Consignee, the balance 10% payment shall be released to the supplier on his furnishing the necessary Bank Guarantee. II) For special purpose machines being procured for the first time or for other developmental/ trial order the payment term will be 80% on completion of performance trials at the firm’s premises and receipt of machine at consignee’s end in good condition, 10% on successful commissioning of machine at the consignee’s premises and balance 10% on successful completion of the warranty period. For procurement of such M&P item for production units, a representative of the concerned production unit will also be included as a joint inspection authority. Office of the Principal Chief Materials Manager NORTH EASTERN RAILWAY, GORAKHPUR Section 5 (Annexures) Annexure 5.1 Proforma for Equipment, Staff Employed & Quality Control Measures Tender No. Date of Closing Time Hrs 1. Name & Full address of the firm: 2. Telephone/ Fax No. Office/ Factory/ Works 3. Location of the Factory/ Works 4. Location of the Factory/ Works 5. Details of Industrial licence, wherever required as per statutory regulations 6. Details of Plant & machinery erected and functioning in each department (monograph &...
PAYMENT TERMS a) 100% OF THE PAYMENT SHALL BE RELEASED AFTER SUBMISSION OF AUDIT REPORT. TECHNICAL BID BASIC INFORMATION 1 a) Name of the applicant / organization b) Address of the Registered Office c) Address of office in Rajasthan State, if any ( with Phone Nos Fax Nos & Email ID) 2 Year of establishment 3 Type of the organization (Whether sole proprietorship, Partnership, Private Ltd. or Ltd. Co. etc.) ( Enclose certified copies of documents as evidence) 4 Name & qualification of the Proprietor / Partners / Directors of the Organization / Firm a) b) c) d) Enclose certified copies of document as evidence 5 Details of registration – Whether Partnership firm, Company, etc. Name of Registering Authority, Date and Registration number. Enclose certified copies of document as evidence 6 Whether registered with Government / Semi – Government / Municipal Authorities of any other Public Organization and if so, in which class and since when? (Enclose certified copies of document as evidence) 7 Details of Registrations with : 1) BEE Certified (Enclose certified copies of documents as evidence). 7A No. of years of experience in the field. 8 Address of local office through which the proposed work of the Bank will be handled and the Name & Designation of officer in charge. 9 Yearly turnover of the organization during last 5 years (year wise) 10 Solvency certificate from a Bank to be enclosed for indicating satisfactory financial capacity of the or organization 1. Name of Bank / Branch 2. Solvent for Rs. 3. Date of issue. 11 Enclose copy of latest income tax clearance certificate. 12 PAN No. 13 Details of registration for payment of GST. 14 Whether any Civil Suit / litigation arisen in contracts executed / being executed during the last 10 years. If yes, please furnish the name of the project, employer, Nature of work, Contract value, work order and brief details of litigation. Give name of court, place, and status of pending litigation. Attach a separate sheet if required. 15 Information relating to whether any litigation is pending before any Arbitrator for adjudication of any litigation or else any litigation was disposed off during the last ten years by an arbitrator. If so, the details of such litigation are required to be submitted. 16 Reasonable presence/local address Technical Personnel and Similar Experience. Details of technical personnel, giving details about their technical qualification & experience including that in your establishment. Sr. No Name Age Quali ficati on E...
PAYMENT TERMS. 100% payment after the submission of proof of renewal of ATS for all the licenses for the period as indicated above and entitlement of new licenses, in the name of ‘Credit Guarantee Fund Trust for Micro and Small Enterprises’ or ‘CGTMSE’. Octroi/ entry tax, if any, shall be paid as on actual on the submission of octroi/ entry tax receipt in the name of CGTMSE. All the payments will be made by CGTMSE Mumbai office, electronically through RTGS/ NEFT. All the bidders should submit duly filled-in & signed [by authorized signatory and bidder’s Banker] Bank Mandate Form as per format prescribed in Annexure–IV. In case the bidders have already submitted the form with Trust in connection with any other tender/ transactions, same need not to be submitted again and the fact should be clearly mentioned in the General Information about Bidder - Annexure II. 3.9