2 TYPES OF CRACK PASTE

OPTION CLAUSE: The Purchaser reserves the right to increase or decrease the quantity to be ordered up to 25 percent of bid quantity at the time of placement of contract. The purchaser also reserves the right to increase the ordered quantity up to 25% of the contracted quantity during the currency of the contract at the contracted rates. The delivery period of quantity shall commence from the last date of original delivery order and in cases where option clause is exercised during the extended delivery period the additional time shall commence from the last date of extended delivery period. The additional delivery time shall be (Increased quantity ÷ Original quantity) × Original delivery period (in days), subject to minimum of 30 days. If the original delivery period is less than 30 days, the additional time equals the original delivery period. The Purchaser may extend this calculated delivery duration up to the original delivery period while exercising the option clause. Bidders must comply with these terms.

Buyer Added text based ATC clauses

Same. Compliance statement of technical documents to be submitted along with the tender. 2. Pl Submit t he Compliance Statement of attached Terms and Conditions also with the Tender in technical Bid Only. 3. Quoted Price Final and binding and should be inclusive of price, transportation loading/Unloading , Insuranc e, taxes and duties and if any and at any circumstance/request it will not change or accept. 4. Delivery Ter ms: Delivery terms shall be F.O.R BEL-Machilipatnam/Door Delivery and Supplier shall send the item to co nsignee location at their own cost and insurance. 5. Guarantee & Warrantee: a. The Goods/Services suppli ed shall be in accordance with the contract technical specifications & is of Good Quality and have the Stan dard Warranty of 12 Months from the date of receipt and acceptance of items at BEL-Machilipatnam. b. No twithstanding the fact that the Buyer or its Quality Assurance Officer may have inspected and/or approved / accepted the said Goods, it is further guaranteed that if during the said guarantee / warrantee period, the Goods be discovered not to conform to the requisite description and quality and/or not giving satisfactory p erformance or have deteriorated, and the decision of the Buyer in that behalf shall be final and binding on the Seller and the Buyer shall be entitled to call upon the Seller to rectify and/or replace the Goods or such portion thereof as is found to be defective by the Buyer within 7 days. Otherwise, the Seller shall pay to th e Buyer such compensations that may arise by reasons of the warranty therein contained. In cases requiri ng Spares, the Seller guarantees that they will supply Spare Parts, if and when required on agreed basis fo r an agreed price for a minimum period of three years from the date of expiry of warrantee period (unless otherwise specified in STC / ATC). The agreed basis could be, including but without any limitation, an agre ed discount on the published catalogue or an agreed percentage of profit on the landed cost. The aforesaid provisions made specifically for Goods, shall also be applicable for Services to the extent the sa me are practically possible. 6. Buyer / Consignee’s Right of Rejection (Return Policy): i. The Goods delivere d shall bear the self-certified Manufacturer’s/Seller’s Warranty/Guaranty. Buyer / Consignee shall have the right to inspect the supplied Goods themselves and/or through their appointed agency at consignee’s own cost, at Consignee’s site(s) after receipt and accept or reject on proper justification any consignment of th e Goods received within a period of 10 days (unless otherwise specified in STC or ATC) of receipt of consig nment of goods. The date of receipt shall be reckoned from the date of receipt of the Goods as notified in t he Provisional Receipt Certificate (PRC) which will be issued online by consignee immediately after receipt General Terms and Conditions on GeM 4.0 (Version 1.12) dt 16th August 2023 of Goods. *Disclaimer : Failu re to provide above details leads to disqualification of supplier. *Disclaimer : Failure to provide above deta ils leads to disqualification of supplier ii. In case of Service contract, the Buyer reserves right to reject the s ame in conformance with the terms and conditions of the agreed Service Level Agreement (SLA). However, such right to reject services offered by the Seller under the contract shall be exercised by the Buyer within 10 days (unless otherwise specified in STC or ATC) of the date of receipt of the Service. The date & time of start and completion of the Service, shall be indicated by the Seller while raising on- line invoice for a speci fied period of Service as per Service Level Agreement (SLA). The date of such invoice or the date of compl etion of the service, whichever is later shall be reckoned as date of receipt of the Service. iii. On Acceptanc e / Part Acceptance or Rejection of Goods / Services, Consignee will issue an online ‘Consignee’s Receipt c um Acceptance Certificate’ (CRAC), which will form the basis of Payments to the Seller. iv. No payment sha ll be made for rejected goods or services. After intimation of the rejection / part rejection by the Buyer/ Co nsignee, the Seller shall be liable to remove / lift back such rejected Goods within 10 days without any extr a charge/cost to the Buyer / Consignee failing which suitable ground rent / warehousing charges would be payable by the Seller to the Buyer /Consignee. If the Seller fails to remove / lift back such rejected Goods within reasonable time period, the Buyer / Consignee shall have the right to dispose off such rejected good s at the risk and cost of the seller. 7. Payment Authority and Payment Term: For Goods: In case of goods, 1 00% payment will be released within ten (30) days of issue of consignee receipt-cum-acceptance certificat e (CRAC) and on-line submission of bills unless otherwise specified in STC / ATC 8. Delivery Period: Deliver y Period May be fixed by the BEL in the Bid RFQ and same to be accepted by the seller and if seller is offered the counter delivery period then acceptance of counter delivery period is sole discretion of the buy er. 9. Liquidated Damages: Supplier shall adhere to the delivery schedule required by BEL as indicated in t he delivery period. Should the supplier fail to deliver the stores or any consignment thereof within the peri od prescribed for such delivery, BEL shall be entitled at their option: A. To recover from the supplier agree d liquidated damages, and not by way of penalty of sum of 0.5% of the value of any stores not supplied in time for each week of delay or part of a week with a ceiling of 10% , or B. To purchase elsewhere, at the ris k and cost of the supplier, the stores not delivered, or C. To cancel the Purchase Order. In the event of acti on being taken under b) & c) the supplier shall be liable for any loss which BEL may sustain but the supplie r shall not be entitled to any gain on repurchase made against default. Materials have been supplied / ship ped after the expiry of contracted delivery date and its provisional retention does not acquiesce or condon e the late delivery and does not intend or amount to an extension of the delivery period or keeping the con tract alive. You may apply for an extension of delivery date from the procuring entity. The goods are being Retained without prejudice to the rights of the Company under the terms and conditions of the contract. 10 . For All other Terms and Conditions Pl refer GEM Standards T&Cs. . अ'वीकरण अ'वीकरण /Disclaimer