Specifications

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NLUO PMC CONTRACTOR
SIGNATURE AND SEAL SIGNATURE AND SEAL SIGNATURE AND SEAL
10.2. 50% of the total security deposit shall be refunded to the contractor without any interest on issue of Virtual Completion
certificate by the Architect/consultant. The balance 50% of the total security deposit shall be refunded to the contractor without
interest within fifteen days after the end of defects liability period provided that the contractor has satisfactorily attended to all
defects in accordance with the conditions of contract including site clearance.
11.0 Signing of the Contract Document.
The Successful tenderer shall be bound to implement the contract by signing an agreement and condition of contract attached
herewith within 3 days from the receipt of intimation of acceptance of his tender by the N.L.U.O. However, the written
acceptance of the tender by the N.L.U.O will constitute a binding agreement between the N.L.U.O and successful tenderer
whether such formal agreement is subsequently entered into or not.
12.0 Validity of Tender.
Tender shall remain valid and open for acceptance for a period of three (3) months from the date of opening of price bid. If
the tenderer withdraws his/her offer during the validity period or makes modifications in his/her original offer which are not
acceptable to the N.L.U.O without prejudice to any other right or remedy the N.L.U.O shall be at liberty to forfeit the EMD.
13. Ownership of Tendered Drawings
All Tendered Drawings, specifications and copies thereof furnished by the NLUO through its architects / consultants are the
properties of the NATIONAL LAW UNIVERSITY, ODISHA. They are not to be used for any work.
14. Insurance of works
14.1 Without limiting his obligations and responsibilities under the contract the contractor shall insure the
insurance is being covered in the joint names of the NLUO and the contractor against all loss of damages
from whatever cause arising other than the excepted risks, for which he is responsible under the terms of
contract and in such a manner that the NLUO and contractor are covered for the period stipulated and are