College of Agricultural Banking, Reserve Bank of India, Pune has invited Tender for Providing Services of Fire wardens in College of Agricultural Banking (CAB), Reserve Bank of India (RBI), Pune and for Servicing of Fire Extinguishers in Office Premises of CAB, RBI and its 05 Residential Quarters on September 11, 2017. a. In this context it is notified that: Para 3.5.2, Para 3.21 and Para 4.8.2 of Part I has been modified as stated below: Para 3.5.2 EMD shall be remitted using NEFT or deposited in the form of Bank guarantee which should be issued by a Scheduled Bank. The NEFT details will be submitted along with technical bid. No interest shall be paid on EMD. The EMD of the Successful Bidder will be returned only after the successful bidder deposits (PBG) Performance Bank Guarantee @ 05% of the contract amount in favour of Principal, College of Agricultural Banking Reserve Bank of India, Pune with letter of acceptance of contract. The PBG shall be valid for a period of 90 days beyond the date of termination of the contract. The PBG deposited by the successful bidder shall be liable to be forfeited /appropriated in the event of unsatisfactory performance of the Bidder and / or loss/ damage if any sustained by the Bank on account of failure or negligence of the workers deployed by service provider or in the event of breach of the terms and conditions of the agreement. The format of the Performance Bank Guarantee will be given by the College Of Agricultural Banking, Reserve Bank of India at the time of entering the contract. Para 3.21 The General instructions to the tenderers and special conditions, conditions hereinbefore referred to, Conditions of Contract enclosed with the tender documents, the subsequent correspondence exchanged between the Bank and the tenderer and the work order placed shall be the basis of the final contract to be entered into with the successful bidder. On receipt of intimation from the Bank of the acceptance of the tender, the successful bidder shall be bound to implement the Contract within 14 days thereof and sign an agreement in bilingual. The cost of necessary stamp paper for execution of the agreement shall be borne by the Bidder. The successful Bidder shall not sublet any portion of the contract. In case of breach of these conditions, the Bank may serve a notice in writing on the successful bidder rescinding the contract whereupon the Performance Bank guarantee shall stand forfeited by the Bank, without prejudice to his other remedies against the Bidder. Para 4.8.2 On termination of the Contract for default, the “Performance Bank Guarantee of the successful Bidder will be invoked”. |