DELHI METRO RAIL CORPORATION LIMITED
No. DMRC/20/III-502/2018
Correction Slip No. 2
Sub.: Correction Slip No. 2 to General Conditions of Contract (Nov, 2019)
Sub-Clause 11.3.1 of Clause No. 11.3 (Provisional Payment Against Material at Site) is revised as
follows:
Clause No. Sub- Existing Clause
Clause
11.3 11.3.1 A provisional payment on account of
(Provisional main construction materials required
Payment for the Permanent Works, shall be
Against paid on request of the Contractor
Material at after these materials are brought to
Site) Site, against an Indemnity Bond in a
form acceptable to Employer is duly
executed. The payment shall be
limited to 80% of the actual value or
assessed value of these materials
and the total of such provisional
payment on account of construction
materials at a time shall be limited to
three percent of Original Contract
Value or likely average consumption
of such materials for three months,
whichever is less and at any time
the total outstanding provisional
payment against material at site
shall not exceed four percent of the
Original Contract Value. The
valuation of the average
consumption of such main
construction materials shall be
approved by the Engineer, whose
decision shall be final. Materials
which are of perishable nature should
be adequately insured.
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Date: 11.05.2021
Revised Clause
A provisional payment on account of
main construction materials required
for the Permanent Works, shall be
paid on request of the Contractor
after these materials are brought to
Site, against an Indemnity Bond in a
form acceptable to Employer is duly
executed. The payment shall be
limited to 80% of the actual value or
assessed value of these materials
and the total of such provisional
payment on account of construction
materials at a time shall be limited
to three percent of Original Contract
Value or likely average consumption
of such materials for three months,
whichever is less and at any time
the total outstanding provisional
payment against material at site
shall not exceed four percent of the
Original Contract Value. The
valuation of the average
consumption of such main
construction materials shall be
approved by the Engineer, whose
decision shall be final.
(R. K. Gupta)
Sr.GM/Contract