Delay e-Tenders

The tender document states that the contractor has to complete the entire work within the scheduled period as per the technical document specification SOW given by HSL Production User Department. The minimum possible completion schedule should be indicated by the bidder, and if the offered delivery does not meet the refit schedule requirement, HSL reserves the right to reject the bid.

100% payment shall be released within 30 days against submission of tax invoice along with work completion certificates and material delivery challans and duly signed by HSL security incharge and SRC production officer incharge and requisite clearances regarding PF and ESI payment from HSL Workmen Cell. Payment will be made by RTGS/NEFT to the account of the contractor.

The contractor shall give a guarantee for the work done including material, if the order contract if inclusive of both material and services up to a period of 06 months from the date of delivery of ship to owner or 18 months from the date of satisfactory completion of work whichever comes earlier. During this period, if any defect is found, the contractor shall rectify the defect immediately without any additional cost to HSL as indicated in the SOW.

The evaluation of bids shall be on the basis of the overall lowest evaluated price of techno commercially compliant bids. The bidder quoting the lowest landed cost excluding GST and meeting all technical and commercial requirements shall be considered as the L1 bidder.

Bidders shall possess valid PF and ESI insurance coverage in its name. A copy of the same shall be submitted along with the techno commercial bid. The average annual financial turnover during the last 3 years, ending 31st March of the previous financial year, should be at least Rs. 8 lakhs. Documentary proof, i. e. , income tax TDS certificates, Form 26AS, turnover certificate issued by Chartered Accountant, audited balance sheet for the relevant financial years shall be furnished.

In the event of service provider's failure to deliver the services or any part thereof within the period prescribed in the contract work order except in case of hindrances, permissible delays, force majeure events, or any other circumstances which delays are not attributable to contractor, HSL shall have recourse to the following besides terms specified in the tender to recover deduct from the contractor bill as agreed liquidated damages and not by way of penalty a sum equivalent to 0. 5 one half of one percent of the contractual price for each week of delay or part thereof subject to a maximum of 10 ten of contract price of equivalent in completed works in respect of bulk services.

The tenderer is advised to visit the site to acquaint himself with the site conditions, approaches and other relevant information before tendering if so desired.