1. Parties:- The parties to the Contract will be contractor who will provide the taxi services and other party will be National Housing Bank who will avail the services.
2. Addresses: For all purposes of the contract including arbitration there under, the address of the contractor mentioned in the tender shall be final unless the contractor notifies a change of address by a separate letter sent by registered post with acknowledgement due to the NHB, New Delhi. The contractor shall be solely responsible for the consequences of any omission or error to notify change of address in the aforesaid manner.
3. Earnest Money: Earnest Money of Rs. 10,000/- in the name of NHB, New Delhi in the form of Demand Draft of any nationalized bank must be deposited by tenderers along with their duly filled up tender documents.
3.1. Tenderer shall not be permitted to withdraw his offer or modify the terms and conditions thereof. In case the tenderer fails to observe and comply with the stipulations made herein or backs out after quoting the rates, the EMD will be forfeited.
4. Preparation and submission of Tender: The tender should be submitted in two parts namely, Technical Bid (in form given in Annexure-III) along with Earnest Money Deposit and Commercial Bid (in form given in Annexure-IV) and each should be kept in a separate adequately sealed cover. Please indicate on the envelop - “Technical Bid for hiring Taxis” or “Commercial Bid foir hiring Taxis”. No Tender will be accepted without EMD Amount.
5. Signing of Tender: The individual signing the tender or other documents connected with contract must specify whether he signs as:-
(a) A “sole proprietor” of the concern or constituted attorney of such sole proprietor.
(b) A partner of the firm, if it be a partnership firm, in which case be must have authority to execute the document.
6. Technical Bid. The Technical bid should be submitted in form given in Annexure-III along with the Bank Demand Draft of Rs. 10,000/- along with registration particulars, copy of PAN Number issued in favor of the firm, full details of the number of Taxis registered in the name of the tendererer or his firm with photocopies of RCs and other information sought in Annexure-II.
7. Commercial Bid: The Commercial Bid should be submitted in the form given in Annexure-IV in a separate sealed cover kept inside the main cover. The Commercial Bids of those tenderers who are found technically competent/eligible, will be opened on a specified date and time to be intimated to the respective tenderer.
7.1 Terms of payment as stated in the Tender Documents shall be final. 7.2 At the time of payment of bill, the taxes liable to be deducted, if any, shall be deducted at source as per Government rules and guidelines as may be prevailing at the time of payment
8. Validity of the Bids: The bids shall be valid for a period of 90 days from the date of opening of the tender.
9. Opening of Tender: The tenderer is at liberty to be present at the time of opening of the tender either on his own or through authorized representative either himself or authorized. The representative attending the opening of the tender on behalf of the tenderer should bring with him a letter of authority from the tenderer and proof of identification.
10. Criterion for Evaluation of Tender: The Bids will be opened by a committee in the presence of such tenderers who may wish to be present.
10.1. The contract will be awarded to the lowest eligible tenderers and will commence from the date of consent indicated the terms and conditions. The contract will be for a period of 12 months which will be extendable up to one year therefore if the performance/service is found satisfactory.
11. Right of Acceptance: The Bank reserves the right to accept or reject any tender including of those tenderers who fail to comply with the instructions without assigning any reason whatsoever, and does not bind itself to accept the lowest or any specific tender. The decision of the Bank in this regard shall be final and binding.
11.1 Tenders not inconformity with the prescribed terms and conditions will stand disqualified.
12. Communication of Acceptance: Successful Tenderer will be informed of the acceptance of their tender. EMD of the successful Tenderer will be retained for the contract period & will be returned after successful expiry of the contract.
13. Penalty: In case of breach of any conditions of the contract as losses caused including excess cost due to hiring of Taxi from the market in the event of Contractor failing to provide requisitioned taxis or not providing Taxis, the Bank shall make deductions at double the rate of hiring rate on prorate from the pending / up coming bills of the contractor.
14. Breach of Terms and Conditions: In case of breach of any of terms and conditions mentioned above, the Competent Authority will have the right to cancel the work order without assigning any reason thereof, and nothing will be payable by this Bank in that event and the EMD will be for fitted.
15. Sub-letting of Work: The firm shall not assign or sublet the work or any part of it to any other person or party.
16. The Tender is not transferable.
17. Terms of payment:
17.1 No payment shall be made in advance.
17.2 All payment shall be made by the cheque only.
17.3 NHB shall be liberty to withhold any of the payment in full or in part subject to recovery of penalties mentioned in preceding Para.
17.4 The terms “payment” mentioned in this para includes all types of payments due to the contractor arising on account of this contract excluding Earnest Money/Security Deposit governed by the separate clauses of the contract. AGM (Admin.)