aya aera , ites Prater foam geeree | ‘oho Frater argarr—2 teugs, RaisO Daag, 2019 fava Frafor ref § feanfia at & wa ei oe art Piatto wel a a afer wcorty firaatftt ( Additional Performance Security) 3 Paher ware 4 | were, ‘wrdat Rea oer S est a ae ce onan 8 A AP Mater arf eg vt aver wrai BX8 &, Gee cose etl wet H ae vio Hatta wel 8 A Aone eal a fer ore fre al aay dose whore fd on wad 1 ze A tes A one 4 ae a AA (Below) w A ara Pte xe HoT wR or oy on 8 ael ad A aT ae aS wae tare wh each 8 ae SdaR/ we are Pats arat a ata 4 gaffer ufbar § ara apf ger @ en arr 4 a aS we a Pao ard gaa w Got 3 8M & OT GMT Gt aye oT EIT eT Tea 2 | are gM TH Ho-1275/24 Moo /12 frie 29122012 & Wet 4 wee feerterret ae Picta ferar sar & fi oatam air wea Rel a aaa & fare =A (Below) cree ord iige wet a eer A afetter meena ree) fed ort oy Penge wpa SATE GE (a) serra fRretftel ( Performance Security) (Percentage Rate Contracts The performance Security shall be provided by the contractor to the Employer not later than the date specified in the letter of acceptance and shall be issued for an amount of 5% of the Contract Price or the estimated cost of the work, whichever is higher, in the form acceptable to the Employer from reputable local banks including scheduled banks or nationalized banks acceptable to the Employer. The performance security shall be valid until the date of issuance of Completion Certificate. The Employer may increase the Performance Security to a level sufficient to protect it against the possibility of financial loss, if the lowest evaluated bid is below the estimated cost of the work. The amount of additional performance security shall be worked out as follows: - iv) Up to 5% below the Estimated Cost: No Additional Performance Security, v) From 5% below to 15% below the estimated cost, an Additional performance security of 0.5% of the estimated cost for ee cost, wlae vi) For more than 15% below the estimated cost, an Additional performance security of 1% of the estimated amount for every 1% below the estimated cost. Note: 3. Ifthe percentage below is not a whole number, any percentage above 0.5% shall be rounded off to next higher whole number and any percentage below 0.5% shall be rounded off to immediate lower whole number, 4. The Performance Security and Additional Performance Security as applicable shall be refunded 10 the contractor afier satisfactory completion of the works and after the payment of the final bill (Gi) Item Rate Contracts, The performance Security shall be provided by the contractor to the Employer not later than the date specified in the letter of acceptance and shall be issued for an amount of 5% of the Contract Price or the estimated cost of the work, whichever is higher, in the form acceptable to the Employer ftom reputable local banks including scheduled banks or nationalized banks acceptable to the Employer. The performance security shall be valid until the date of issuance of Completion Certificate, The Employer may increase the Performance Security to a level sufficient to protect it against the possibility of financial loss, ifthe lowest evaluated bid is unbalanced. The amount of Additional performance security shall be worked out as follows: - iv) No Additional Performance Security for Item Rates up to 5% below the Estimated Item rate, v) An Additional performance security of 10% of the estimated cost of items, for Item Rates from 5% to 15% below the estimated rate, vi) An Additional performance security of 15% of the estimated cost of items, for Item Rates more than 15% below the estimated rate. Note: The Performance Security and Additional Performance Security as applicable shall be refunded to the ‘contractor after satisfactory completion of the works and after the payment of the final bil. (@) faauiftet feuifiie (Security Deposit/Retention Money) ‘The Employer shall retain from each payment due to the Contractor an amount of 5% of the bill amount, subject to a maximum of 5% of the contract price until the Defects Liability Period has passed and the Engineer has certified that all Defects notified by the Engineer to the Contractor before the end of this period have been corrected. The Defects Liability Period shall be 18 months from the Date of Completion of the Contract. om ae wee A a ae Sel ar Mee ean 8 fH qua oRTGER aria BPtad Se woe Rl 2 We omer feet arqart—2 # srereatty weat-862 / xxvil(2)/2012 Reais 01 wae, 2019 F wre Saat went 8 one fa GT Ww v1 are sada, ( siorMOTRORY ) a wfea |fate Preferter at eerrel wd sree orfard bq dtr — . TRG as, fess TR] ReTeTTCOR (crea vere) /sirawra fafa AToRT eG | OER Tea / BAY Ase , aS AAMTarer | FR aan rearel / Brig, 84, ctioMofeo, wht /areitst 1 TT sieheror aiftearen, atiofFofao, SeRRETS | . TT afte aif, sto / Prater /areeMg ave loMofo TereTEATS | 0, fae oHrT—2/ fara Por Wes, TARAS TT | oe Piga, asa yaar oy, Teas, STG 12, ate Pair organs /3, GaRrEs M/E | | a, (sitar) a