PMFPPL Amendments in PEB Tender AMENDMENTS IN THE PRE ENGINEERING BUILDING (PEB) TENDER Bases on the feedback of various technical persons and consultative workshops it has been decided to incorporate the following changes in the Tender for immediate compliances. General Amendments Various Clauses Reflecting Bill of Quantity / BOQ Amendment in the Clauses The word “Bill of Quantity / BOQ” is to be replaced by the word “Detailed Quotation” Particular Amendments Book 1: General Condition of the Contract Section No. & Clause No. Section 4, Clause 14.1 Section 4, Clause 14.2 Present Reading To be Change to Mobilization Advance Mobilization advance of 10% of the contract value will be paid to the contractor against the Bank Guarantee of any Nationalized /Scheduled Commercial Banks notified by RBI (except cooperative/Rural Banks) valid for 12 months from the date of LOI / notice to proceed or up to the total recovery of Mobilization advance whichever is earlier. 10% mobilization advance will be deducted from second Running Bill till completion or in equal instalments. After recovery of the total mobilization advance, the Bank guarantee received against the mobilization advance will be returned to the contractor. Monthly R.A. Bill: Monthly consolidated single bill should be presented for settlement. The R.A. Bills will be checked by EIC / Site In charge within a period of 15 days & certified by the Consultant within a period of 20 days and payment shall be made within 10 working days from the date of certification by Consultants and necessary deductions like 12 % Mobilisation advance, 5 % Retention money & any other payment made, Income tax as per Terms. All bills shall be submitted in soft copy as well as hard copy. The reconciliation of Cement & Steel to be submitted along with R.A. bill. Minimum Amount of Running bill shall be Mobilization Advance Mobilization advance as mentioned below of the contract value against will be paid to the contractor against the Bank Guarantee of any Nationalized /Scheduled Commercial Banks notified by RBI (except co-operative/Rural Banks) valid for 12 months from the date of LOI / notice to proceed or up to the total recovery of Mobilization advance whichever is earlier. a) 15% advance along with the order against Bank Guarantee Monthly / Periodic Bill (only for Material as Appropriate): General payment terms are as under. a) 15% against the Drawing Certification / Approval. b) 30% against the material inspection at factory. c) 30% against the Delivery at site. d) 10% against the installation at the site (against PBG). However, payment terms shall be finalized with the shortlisted vender at the time of negotiation. PMC: Abhyuday Techno Economic Consultants Pvt Ltd | A/E Consultants: SEMAC Consultants Pvt. Ltd 1 PMFPPL Section No. & Clause No. Section 4, Clause 14.3 Section 4, Clause 14.3 Amendments in PEB Tender Present Reading Rs. 50.00 Lacs otherwise bill will not be accepted. All Test reports, J.M.R., Progress report with Photographs to be submitted along with R.A. Bills. R. A. Bill is not accepted without Test Reports. The Consultants shall be within his right to adjust and deduct the advances such that full recovery will be made at appropriate stage. Retention Money: 5% contract value will be deducted as retention money from each RA bill (it shall be in addition to the Performance Bank Guarantee of 3% of the contract value). On submission of final bill/Completion of the contract, the retention money will be released against the Bank guarantee of equivalent amount of any Nationalized/Scheduled Commercial Banks notified by RBI (except cooperative/Rural Banks) valid for 12 months defect liability period from the date of final completion of work/handing over of site. Bank Guarantee will be returned after the expiring of the defect liability period i.e., 12 months from the date of completion of work/handing over of site. Final Bill Only on obtaining final completion certification from the Consultants & Employer, the Contractor shall submit the FINAL BILL which will be settled within a period of two months provided there is no dispute. The completion certificate will be issued only after all the defects pointed out are rectified completely to the satisfaction of the Consultants and the Employer. The reconciliation of all materials to be submitted along with the bill. To be Change to Monthly / Periodic Bill (only for Erection as Appropriate): a) 10% Advance and Balance on pro rate completion. b) 5% of the bill amount will be deducted as retention money from each bill. c) On submission of final bill/Completion of the contract, the retention money will be released against the Bank guarantee of equivalent amount of any Nationalized/Scheduled. Commercial Banks notified by RBI (except co-operative/Rural Banks) valid for 12 months defect liability period from the date of final completion of work/handing over of site. Bank Guarantee will be returned after the expiring of the defect liability period i.e., 12 months from the date of completion of work/handing over of site. Final Bill Only on obtaining final completion certification from the Consultants & Employer, the Contractor shall submit the FINAL BILL which will be settled within a period of two months provided there is no dispute. The completion certificate will be issued only after all the defects pointed out are rectified completely to the satisfaction of the Consultants and the Employer. PMC: Abhyuday Techno Economic Consultants Pvt Ltd | A/E Consultants: SEMAC Consultants Pvt. Ltd 2
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