Repair to RI quarter at Kasipur for the year 2026 27

• Payment towards tender cost and EMD amount must be transferred Online as per Works Department Office Memorandum No. 6785 dt. 09.05.2017
• To avail EMD exemption, the intending Engineering Contractor shall declare he has not availed such exemption for more than two works during the current financial year
• Additional Performance Security will be deposited by the successful bidder if the bid amount is less than the estimated cost put to tender, with varying percentages based on the difference (0.2% for 10-20% below, 0.3% for 20-30% below, 0.5% for 30% or more below)
• Upon acceptance of the tender, the successful tenderer shall within 10 days deposit an initial security sum to make 2% of the work value (together with EMD) and sign the agreement in PWD form-2
• The initial security deposit should be in shape of pledged NSC/ POTD/ POSB/ KVP/Deposit receipt of Scheduled Bank
• Security deposit will be deducted from bills at 5% of gross amount for B class & above contractors, and 3% for C & D class contractors
• The tenderer whose tender is selected for acceptance shall within 7 days make an initial security deposit of 2% of the tendered amount and sign the agreement in P.W.D. form No. P1
• Failure to enter into the required agreement and to make the security deposit shall entail forfeiture of the earnest money
• Additional performance security shall be deposited by the successful bidder when the bid amount is seriously unbalanced in shape of Post Office Saving Bank Account/ National Saving Certificate/Postal Time deposit Account/ KIssan Vikash Patra/ Deposit Receipt of scheduled Bank
• Security deposit of the contractor shall be refunded only 12 calendar months after the date of completion of the work, provided the final bill has been paid and defects rectified
• If the contractor assigns or sublets the contract, or becomes insolvent, or offers any bribe, the contract may be rescinded and security deposit forfeited

Source: Original DTCN