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 41 of 65 Executive Engineer,
PC-8, BBMP, Bengaluru
given in Contract Data.
d. Following Expressions and Meanings are assigned to the Work done during the
quarter.
R = Total Value of Work done during the quarter. It will exclude Value for Works
executed under Variations for which Price Adjustment (if any) will be worked
out separately based on the Terms mutually agreed.
40.2 To the extent that full compensation for any rise or fall in costs to the Contractor is not
covered by the Provisions of this or other Clauses in the Contract, the Unit Rates included in
the Contract shall be deemed to include Amounts to cover the Contingency of such other rise
or fall in costs.
41. Liquidated Damages
41.1 The Contractor shall pay Liquidated Damages to the Employer at the Rate per day stated in
the Contract Data for each day that the Completion Date is later than the Intended
Completion Date for the whole of the Works as stated in the Contract Data. The Total Amount
of Liquidated Damages shall not exceed the Amount defined in the Contract Data. The
Employer may deduct Liquidated Damages from Payments due to the Contractor. Payment of
Liquidated Damages does not affect the Contractor's Liabilities.
41.2 If the Intended Completion Date is extended after Liquidated Damages have been paid, the
Employer shall correct any Overpayment of Liquidated Damages by the Contractor by
adjusting the Next Payment of Bill.
42. Advance Payments
42.1 The Employer shall make Payment to the Contractor of the Amounts stated in the Contract
Data by the Date stated in the Contract Data, against provision by the Contractor of an
Unconditional Bank Guarantee in a Form acceptable to the Employer issued by a Nationalized
/ Scheduled Bank in Amounts equal to the Advance Payment. The Guarantee shall remain
Effective until the Advance Payment has been repaid, but the Amount of the Guarantee shall
be progressively reduced by the Amounts repaid by the Contractor. Interest will not be
charged on the Advance Payment.
42.2 The Contractor is to use the Advance Payment only to pay for Mobilization Expenses required
specifically for Execution of the Works. The Contractor shall demonstrate that Advance
Payment has been used in this way by Supplying Copies of Invoices or other Documents to
the Employer.
42.3 The Advance Payment shall be repaid by Deducting Proportionate Amounts from Payments
otherwise due to the Contractor, following the Schedule of Completed Percentages of the
Works on a Payment Basis. No account shall be taken of the Advance Payment or its
Repayment in assessing Valuation of the Work done, Variations, Price Adjustments,
Compensation Events or Liquidated Damages.