BOUNDARY WALL AND LANDSCAPING OF KALYAN MANDAP AT RENGALI,SAMBALPUR,ODISHA

• Contractors exempted from EMD payment must upload documentary evidence for such exemption.
• Engineer Contractors availing EMD exemption must submit an affidavit stating they have not availed the facility for more than two works (excluding this one) during the current financial year, mentioning the works and authorities.
• Bids must be accompanied by an Earnest Money Deposit (EMD)/Bid security of 1% of the estimated cost, pledged in favor of the Block Development Officer, Rengali, Sambalpur.
• Bidders desirous of hiring machineries or equipment from outside the State or owned but deployed outside the state are required to furnish an additional 1% of the amount put to tender as Bid security.
• The EMD must be in the form of a Fixed Deposit Receipt, Indian Post Office Time Deposit, National Savings Certificate, or Kisan Vikas Patra (valid for a minimum of one year from receipt date), pledged in favor of the Block Development Officer, Rengali.
• Bid security of unsuccessful bidders will be returned within 28 days of the end of the validity period.
• The bid security of the successful bidder will be discharged upon signing the Agreement and furnishing the required Performance Security and Additional Performance Security.
• The Bid Security may be forfeited if the bidder withdraws the bid after opening but within the validity period, seeks revision of rates, fails to submit original documents, or fails to sign the agreement or furnish performance security.
• Additional performance security shall be obtained from bidders when the bid amount is less than the estimated cost put to tender, equal to the exact differential cost, in the shape of Demand Draft/Term Deposit Receipt.
• If the bid price is below 10% but not below 20% of the project cost, the additional performance guarantee/security percentage shall be incremented by 0.1% for every percentage of bid price below 10%.
• If the bid price is 20% or more below the project cost, the additional performance guarantee percentage shall be incremented by 0.2% for every percentage of bid price below 20%, in addition to 1% of the bid price.
• The successful bidder must furnish Performance Security (Initial Security Deposit) of 2% of the tendered amount (including EMD, excluding additional 1% for hired equipment) and sign the agreement in P.W.D. Form P-1 within 15 days of the letter of acceptance.
• The security deposit will be refunded after 12 months of completion of the work and payment of the final bill, and will not carry any interest.
• The prevailing percentage of I.T. Department towards income tax will be deducted from the contractor's bill.
• Prevailing rate of GST on the gross amount of the bill will be deducted from the contractor's bill if the agreement value is one lakh and above.
• Cess @1% will be deducted from the contractor's bill as per Govt. circular.

Source: Original DTCN