Specifications

NLUO PMC CONTRACTOR

SIGNATURE AND SEAL SIGNATURE AND SEAL SIGNATURE AND SEAL

such losses will be final and binding on parties hereto. Upon such termination of this Contract or there shall be

adjustment of any payment made to contractor by NLUO the sub - contractor / supplier shall, if required refund any

such amounts to NLUO.

11. Time shall be considered as the essence of this CONTRACT and THE CONTRACTOR hereby agrees to commence

the work in accordance with the said conditions and to complete the entire and all the works connected there to or as

ordered from time to time within the time period stipulated herein and to execute the same diligently and consistently

throughout the entire time period so specified and the contractor shall strictly adhere to the detailed programme for

completion of work.

12. All disputes arising out of or in any way connected with this agreement shall be deemed to have arisen in Cuttack and

only the courts of Cuttack shall have jurisdiction to determine the same.

13. All payments by NLUO under CONTRACT will be made at NLUO, Office of “The Vice Chancellor” NLUO . The

contractor is required to open a Bank account in the same bank as of NLUO for timely payments.

14. It is the responsibility of the contractor to ensure timely depositing of sales tax on work contract tax as per the

prevailing rate during the tenure of contract period. The contractor shall be responsible for any delayed/partial payment

of WCT, VAT, service Tax and all other taxes as required under statute and other prevailing laws.

15. As per Service Tax rules, applicable on Interior furnishing and finishing work , Service Tax is to be paid by the service

provider (the contractor in this case). As per section of the Central Exercise act 1944, as extended to Service Tax,

every person making Service Tax payments, shall be presumed to have passed on the incidence of such tax to client,

availing the taxable service. Accordingly Service Tax incidence. % (Prevailing rates) has been passed. This statutory

liability will be deposited by us along with each RA Bill and challan shall be submitted to NLUO on before submitting

next bill, In case Service Tax rate is reduced / scrap than Service Tax loaded in the lump-sum contract value shall be

reimbursed to NLUO.

16. Contractor shall provide the vouchers for full quantity of any of the material brought for the project whenever asked by

NLUO and be inclusive of Service tax and VAT in the rates.