Specifications

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NLUO PMC CONTRACTOR
SIGNATURE AND SEAL SIGNATURE AND SEAL SIGNATURE AND SEAL
It is also a term of this contract that no person other than a person appointed by such National Law University Odisha,
Kathajodi Campus, Cuttack – 753015, ODISHA as aforesaid should act as arbitrator.
The conciliation and arbitration shall be conducted in accordance with the provisions of the arbitration & Conciliation Act
1996 or any statutory modification or reenactment thereof and the rules made there under.
It is also a term of the contract that the arbitrator shall be deemed to have entered on the reference on the date he issues
notice to both the parties calling them to submit their statement of claims and counter statement of claims. The venue of the
arbitration shall be such place as may be fixed by the arbitrator in his sole discretion. The fees, if any, of the arbitrator shall ,
if required to be paid before the award is made and published, be paid half and half by each of the parties. The cost of the
reference and of the award (including the fees, if any of the arbitrator) shall be in the discretion of the arbitrator who may
direct to any by whom and in what manner, such costs or any part thereof, shall be paid and fix or settle the amount of costs
to be so paid.
8.0 INTERIM PENALTY
8.1 The time allowed for carrying out the work as entered in the tender shall be strictly observed by the Contractor and shall be
deemed to be of the essence of the contract on the part of the contractor and shall be reckoned from the 3rd day after the date
on which the order to commence the work is issued to the Contractor or the date of handing over of site whichever is later.
8.2 The work shall throughout the stipulated period of the contract be proceeded with all due diligence. Before commencing the
work, the Contractor shall submit a detailed programme of work prepared in accordance with the aforesaid time schedule (Bar
Chart), to the PMC, Project Director for approval. Upon NLUO’s acceptance of the same, the Contractor shall proceed with
the work with all the diligence and regularity. The work programme shall be verified on the first working day of each month
by the Project Director, and in case it is not adhered to in any item of work stated therein, or the agreed programme remains
uncommented, incomplete, or delayed, the Contactor shall be liable to pay compensation for interim delay, an amount of. Rs.
10,000 per day.
8.3 This amount shall be recovered from each interim bill of the Contractor, the deductions thus made being refunded only upon
the Contractor making good the delay to bring the work in agreement with the detailed programme of work. However, if in the