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Terms& Conditions

The document outlines the terms and conditions for suppliers regarding the submission of bids, including requirements for Earnest Money Deposit, Security Deposit, and guarantees for material performance. It specifies payment terms, penalties for late delivery, and the validity of quotations, while also stating that TGGENCO reserves the right to accept or reject bids at their discretion. Additionally, suppliers must provide necessary documentation such as tax clearance certificates and GST registration details.

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21 views1 page

Terms& Conditions

The document outlines the terms and conditions for suppliers regarding the submission of bids, including requirements for Earnest Money Deposit, Security Deposit, and guarantees for material performance. It specifies payment terms, penalties for late delivery, and the validity of quotations, while also stating that TGGENCO reserves the right to accept or reject bids at their discretion. Additionally, suppliers must provide necessary documentation such as tax clearance certificates and GST registration details.

Uploaded by

arkanentrprises
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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TERMS&CONDITIONS

1. The rates quoted shall be exclusive of Taxes. All Taxes and Charges shall be
shown separately in Cost Component.
2. The quantities are likely to be increase or decrease as per necessity.
3. The materials have to be supplied at Kothagudem Thermal Power Station
V&VI-Stages/O&M/Stores/Paloncha/Bhadhradri Kothagudem Dist.
P&F, Freight and Insurance charges are to supplier’s account.
4. Earnest Money Deposit
i) The EMD shall be provided as mentioned in the schedule of Tender document.
ii) NO EMD is required against limited/single tender in case the total value
of the offered items is upto 2 lakhs. No EMD is required against limited
/single tender from PSU.
iii)a) Bids without EMD, if required as per tender doc., shall be liable for rejection.
b) EMD of those bidder who alter their price or withdraw their bids, do not
accept order/ letter of intent shall be forfeited. The DD shall be scanned
and uploaded along with offer.
5. The SUPPLIER has to submit a Bank Guarantee for 10% of the order value for
guarantee period with a claim period of 6 months over and above shall be
furnished, as security for satisfactory performance of the MATERIALS, in case
the offered items are Equipment/ Instruments/Machinery.
6. Successful tenderer should furnish the Security Deposit of 2 ½% of total
contract value in the form of DD / pay order / Bankers Cheque in favour of
TGGENCO or Bank Guarantee within one month from the date of receipt of PO.
NO SD is required for individual PO value upto Rs.50,000.00
7. The quotations shall be valid for 180 days from the date of opening.
8. The Standard payment terms shall be 100% payment will be made within
30 days by the way of RTGS on receipt of material in good condition and
on receipt of bills in triplicate duly certified by the consignee.
9. Penalty for late delivery will be of ½% per week of delay or part thereof subject
to a maximum of 5% of total value of contract.
10.The material shall be guaranteed for satisfactory performance for a period of
18 months from the date of receipt of material in good condition at Site OR 12
months from the date of commissioning whichever is earlier against any
manufacturing defects or poor workmanship.
11.The Rate for each item shall be quoted separately.
12.All and any dispute or differences arising out of touching the order issued on
this enquiry, shall be decided by court or tribunals situated in Hyderabad. No
suit or other legal proceedings shall be instituted elsewhere.
13.You are requested to furnish Xerox Copies of latest income Tax clearance
certificate. Registration documents of the firm.
14.You are requested to furnish your firm’s GST Registration Copy and Applicable
GST rates of enquired materials with 6 or 8 digit HSN Codes.
15.It is not binding on TGGENCO to accept the lowest or any bid. The Corporation
reserves the right to place orders for individual items with different bidders and
to revise the quantities at the time of placing the order. The quoted rates, terms
and conditions shall apply. The order for the materials may also be split up
between different bidders to facilitate quick delivery of critically required
materials. TGGENCO further reserves the rights accept or reject any/all bids
without assigning any reasons thereof.
16.Please sent one copy of the technical pamphlet and previous purchases order
copies on your firm.
To be returned by the bidder duly signed

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