Tender document — White Topping of Selected Roads under GoK Grants, Package-2 (BBMP, Project Central-8)

Comprehensive Development of Selected Roads by Providing
White Topping Under GoK Grants Package - 2 Technical Bid
Tenderer Page 20 of 65 Executive Engineer,
PC-8, BBMP, Bengaluru
29.2 If the Security Deposit is provided by the Successful Tenderer in the form of a Bank
Guarantee, it shall be issued either by a Nationalized / Scheduled Bank.
29.3 The Security Deposit if furnished in Demand Draft can, if requested, be converted to Interest
Bearing Securities at the Cost of the Contractor.
29.4 Failure of the Successful Tenderer to comply with the Requirements of Sub Clause 29.1 shall
constitute Sufficient Grounds for Cancellation of the Award and Forfeiture of the Earnest
Money Deposit.
30. Advance Payment and Security
30.1 The Employer will provide an Advance Payment on the Contract Price as stipulated in the
Conditions of Contract, subject to the Maximum Amount as stated in the Contract Data.
31. Corrupt or Fraudulent Practices
31.1 The Employer requires that the Tenderers / Suppliers / Contractors, observe the Highest
Standard of Ethics during the Procurement and Execution of such Contracts. In pursuance of
this Policy, Employer
a. Will reject a Proposal for Award if it determines that the Tenderer recommended for
Award has engaged in Corrupt or Fraudulent Practices in competing for the Contract in
Question.
b. Will declare a Firm Ineligible, either Indefinitely or for a Stated Period of Time, to be
awarded an Employer’s Contract if it at any time determines that the Firm has engaged in
Corrupt or Fraudulent Practices in competing for, or in executing, a GOK contract.
31.2 Furthermore, Tenderers shall be aware of the Provision stated in Sub Clause 50.2 of the
Conditions of Contract.