Professional Documents
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Corrigendum 1
Corrigendum 1
Construction of four-lane Greenfield Delhi-Amritsar-Katra Expressway from Junction with Ludhiana-Malerkotla road
(SH-11) near Bhogiwal village to Junction with Ludhiana-Moga road (NH-5) near Mullanpur Dakha (Km 225+770 to km
260+860) on EPC mode under Bharatmala Pariyojna in the state of Punjab.
2. Clause 1.3 14. Submission Within 30 days of receipt 14. Submission Within 30 days of receipt
point no. 14 of of LOA. (The bidder has of of LOA. (The bidder has
of RFP Performance the option to provide Performance the option to provide
Security (PS) 50% of PS and APS, if Security (PS) 50% of PS within 30 days
and any within 30 days of of receipt of LOA and the
Additional receipt of LOA and the remaining PS to be
Performance remaining PS and APS, if provided within 30 days
Security any to be provided of signing of agreement)
(APS), if any within 30 days of signing
of agreement)
3. Clause 1.3 15 Signing of Within 10 days from the 15 Signing of Within 10 days from
point no. 15 Agreement receipt of 50% of Agreement the receipt of 50% of
of RFP Performance Security Performance Security
and 50% of Additional
Performance Security,
if any
4. Clause 2.20.5 to furnish the Performance Security to furnish the Performance Security as per
/Additional Performance Security (if any) Clause 2.21; or
Sl. No. Reference Existing Provision Revised Provision
5. Clause 2.21.1
of RFP Within 30 (thirty) days of receipt of Letter of Within 30 (thirty) days of receipt of Letter of
Acceptance, the selected Bidder shall furnish to Acceptance, the selected Bidder shall furnish to
the Authority an irrevocable and unconditional the Authority an irrevocable and unconditional
guarantee from a Bank in the form set forth in guarantee from a Bank in the form set forth in
Appendix-VII (the “Performance Security”) for Appendix-VII (the “Performance Security”) for
an amount equal to 5% (five percent) of its Bid an amount equal to 3% (three percent) of its Bid
Price. In case of bids mentioned below, the Price.
Selected Bidder, along with the Performance
Security, shall also furnish to the Authority an
irrevocable and unconditional guarantee from a
Bank in the same form given at Appendix-VII
towards an Additional Performance Security
(the “Additional Performance Security”) for an
amount calculated as under:
6. Clause 2.21.2 The Performance Security shall be valid until The Performance Security shall be valid until
of RFP 60(sixty) days after the Defects Liability Period. 60(sixty) days after the Defects Liability Period.
The Additional Performance Security shall be
valid until 28 (twenty eight) days after Project
Completion Date.
7. Clause 2.21.3 The Selected Bidder has the option to provide The Selected Bidder has the option to provide
of RFP 50% of the Performance Security and 50% of the 50% of the Performance Security within 30
Additional Performance Security, if any, within (thirty) days of receipt of Letter of Acceptance,
30 (thirty) days of receipt of Letter of Acceptance, in any case before signing of the Contract
in any case before signing of the Contract Agreement and the remaining Performance
Agreement and the remaining Performance Security shall be submitted within 30 days of
Security and Additional Performance Security, if signing of the agreement.
any, shall be submitted within 30 days of signing
of the agreement.
8. Clause 2.21.4
of RFP In the event the Selected Bidder fails to provide In the event the Selected Bidder fails to provide
the remaining Performance Security and the remaining Performance Security as
Additional Performance Security, if any, as prescribed herein, it may seek extension of time
prescribed herein, it may seek extension of time for a further period upto 60 days by paying the
for a further period upto 60 days by paying the Damages upfront along with the request letter
Damages upfront along with the request letter seeking the extension. The Damages shall be the
seeking the extension. The Damages shall be the sum calculated at the rate of 0.01% (zero point
sum calculated at the rate of 0.01% (zero point zero one per cent) of the Bid Price offered by the
zero one per cent) of the Bid Price offered by the Selected Bidder for each day until the
Sl. No. Reference Existing Provision Revised Provision
Selected Bidder for each day until the Performance Security is provided in full as
Performance Security and Additional prescribed herein. The damages at full rate as
Performance Security, if any, is provided in full given above shall be applicable even if a part of
as prescribed herein. The damages at full rate as the Performance Security is provided.
given above shall be applicable even if a part of
the Performance Security and the Additional
Performance Security is provided.
9. Clause 2.21.5
of RFP For avoidance of any doubt, in case of failure of For avoidance of any doubt, in case of failure of
submission of Performance Security and submission of Performance Security within the
Additional Performance Security, if any, within additional 60 days’ time period, the award shall
the additional 60 days’ time period, the award be deemed to be cancelled/ withdrawn and
shall be deemed to be cancelled/ withdrawn and bidder will be suspended for participation in
bidder will be suspended for participation in the the tendering process for the work of
tendering process for the work of MoRTH/NHAI/NHIDCL and work under
MoRTH/NHAI/NHIDCL and work under other other Centrally Sponsored Schemes for a period
Centrally Sponsored Schemes for a period of One of One Year from the bid due date of this work
Year from the bid due date of this work by the by the Authority. Thereupon all rights,
Authority. Thereupon all rights, privileges, privileges, claims and entitlements of the
claims and entitlements of the Contractor under Contractor under or arising out of the Award
or arising out of the Award shall be deemed to shall be deemed to have been waived by, and to
have been waived by, and to have ceased with have ceased with the concurrence of the
the concurrence of the Contractor, and the Contractor, and the Award shall be deemed to
Award shall be deemed to have been withdrawn have been withdrawn by the Authority.
by the Authority.
13. Appendix –
VII Form of AND WHEREAS the Contract requires the AND WHEREAS the Contract requires the
Bank Contractor to furnish an {Performance Security/ Contractor to furnish the Performance Security for
Guarantee Additional Performance Security} for due and due and faithful performance of its obligations,
faithful performance of its obligations, under and under and in accordance with the Contract,
Para 2 in accordance with the Contract, during the during the {Construction Period/ Defects
{Construction Period/ Defects Liability Period Liability Period and Maintenance Period} in a
and Maintenance Period} in a sum of Rs….. cr. sum of Rs….. cr. (Rupees ………..….. crore) (the
(Rupees ………..….. crore) (the “Guarantee “Guarantee Amount”2).
Amount” ).1
1
Guarantee Amount for Performance Security and Additional Performance Security shall be calculated as per Contract.
2
Guarantee Amount for Performance Security shall be calculated as per Contract.
Sl. No. Reference Existing Provision Revised Provision
14. Appendix – Guarantee Amount for Performance Security and Guarantee Amount for Performance Security shall
VII Additional Performance Security shall be be calculated as per Contract.
calculated as per Contract.
Form of Bank
Guarantee
Footnote
15. Appendix –
3. You are also requested to furnish 3. You are also requested to furnish
VIII
Performance Security for an amount of Performance Security for an amount of
…………………. {and Additional …………………. as per Clause 2.21 of the
Format of Performance Security for an amount of RFP within 30 (thirty) days of receipt of
LOA ……………………….} as per Clause 2.21 of this Letter of Acceptance (LOA). In case of
the RFP within 30 (thirty) days of receipt of delay in submission of Performance
this Letter of Acceptance (LOA). In case of Security, you may seek extension of time
delay in submission of Performance Security for a period not exceeding 60 (Sixty) days
and Additional Performance Security, if in accordance with Clause 2.21 of RFP.
any, you may seek extension of time for a
4. In case of failure of submission of
period not exceeding 60 (Sixty) days in
Performance Security and Security against
accordance with Clause 2.21 of RFP.
Damages (if any) within the additional 60
4. In case of failure of submission of (Sixty) days time period, the award shall
Performance Security, Additional be deemed to be cancelled and bidder will
Performance Security (if any) and Security be suspended for participation in the
against Damages (if any) within the tendering process for the work of
additional 60 (Sixty) days time period, the MORTH/NHAI/NHIDCL and work
Sl. No. Reference Existing Provision Revised Provision
award shall be deemed to be cancelled and under other centrally Sponsored Schemes
bidder will be suspended for participation in for a period of One Year from the bid due
the tendering process for the work of date of this work.
MORTH/NHAI/NHIDCL and work under
other centrally Sponsored Schemes for a
period of One Year from the bid due date of
this work.
Performance Security, if any, as prescribed herein, herein, it may seek extension of time for a further
it may seek extension of time for a further period period upto 60 days by paying the Damages
upto 60 days by paying the Damages upfront along upfront along with the request letter seeking the
with the request letter seeking the extension. The extension. The Damages shall be the sum
Damages shall be the sum calculated at the rate of calculated at the rate of 0.01% (zero point zero one
0.01% (zero point zero one per cent) of the Bid per cent) of the Bid Price offered by the Selected
Price offered by the Selected Bidder for each day Bidder for each day until the Performance
until the Performance Security and Additional Security is provided in full as prescribed herein.
Performance Security, if any, is provided in full as The damages at full rate as given above shall be
prescribed herein. The damages at full rate as given applicable even if a part of the Performance
above shall be applicable even if a part of the Security is provided.
Performance Security and the Additional
Performance Security is provided.
waived by, and to have ceased with the concurrence of the Contractor, and the Award
concurrence of the Contractor, and the Award shall shall be deemed to have been withdrawn by the
be deemed to have been withdrawn by the Authority
Authority
agreed pre-determined compensation to the delays and cost of completing the Works and
Authority for any losses, delays and cost of Maintenance, if any;
completing the Works and Maintenance, if any;
29. Schedule-G
Annex-I [Performance Security/Additional Performance [Performance Security]
Heading Security]