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E-Tender Notice No. – RBI/Kanpur/Estate/02/21-22/ET/02
Please refer to the notice corresponding to the captioned subject published on the Bank’s website www.rbi.org.in on June 23, 2021 inviting E-Tender for “– Electrical Renovation of 16 nos. of class III flats in KNSQ, Reserve Bank of India, Kanpur
2. The following sections of the tender document have been revised and the modified provisions are as under:
| Section |
Existing Provision |
Revised Provision |
| Section III – Special condition of the contract
Sr No-3.16
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The successful tenderer shall furnish an amount equal to 5% (five percent) of the contract value of the work in the form of Bank Guarantee (BG) from any scheduled Bank, valid till the date of completion of work, within fourteen days from date of work order, in the form prescribed by the Bank as per Annexure II, valid for the entire work duration of work, towards security deposit for the due fulfilment of the terms and obligations the contract. The Bank has the right to invoke the PBG to compensate any kind of loss to the Bank due to the fault of the contractor during the execution of the work. |
The successful tenderer shall furnish an amount equal to 3% (three percent) of the contract value of the work in the form of Bank Guarantee (BG) from any scheduled Bank, valid till the date of completion of work, within fourteen days from date of work order, in the form prescribed by the Bank as per Annexure II, valid for the entire work duration of work, towards security deposit for the due fulfilment of the terms and obligations the contract. The Bank has the right to invoke the PBG to compensate any kind of loss to the Bank due to the fault of the contractor during the execution of the work. |
3. The Corrigendum shall form part of the Tender Documents. Duly signed and stamped copies of the same have to be uploaded by the bidders along with the Tender. Any bid received without sign and stamp is liable to be rejected.
4. It is clarified that all other terms and conditions mentioned in the e-tender shall remain unchanged.
5. All concerned may please take note of the above.
Regional Director
Reserve Bank of India
Kanpur
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