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Contract Agreement
Contract No: IlpxW/2020 -27lconl52' Dare: 2710412021

well drilling project, Naria'


Well site development works for Shariatpur #1 exploration
ShariatPur.

Bangladesh Petroleum
TH|S AGREEMENT made the 23d day of May' 2021 between hav:ng its
Ltd (BAPEI)'..a company of Petrobangla'
il;;"t,";T i;ouctlon Companvbiuition, BAPEX Bhaban' 4rh floor' 4 Ka(wan Bazat
,"gi"t"r"O office at Construction of the one part
CA.ona1a-tzr5, Bangladesh (hereinafter calied '\he Procuring Entity")
AND

Mohammed Eunis & Brothers -Hill (Pvt.) Ltd, having its registered office at A S Tower (8th
'Vie; R/A, P.S: Pancilais, Chittagong' Bangladesh
Ftoor), Road-o1, ptot-s53,
(hereinafter called "the Contractor") of the other part:

WHEREAS the Procuring Entity invited Tenders vide Open


tender lD no: 555085' Dated:
15 March. 2021 for Well i"u"topt"nt works for Shariatpur #1 exploration well drilling
project, Naria, Shariatpur. "itu

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WHEREAS the Procuring Entity has accepted the Tender by the contractor for the executaon
of that work in the sum of Tk.3,78,56,035.80 (Three Crore Seventy Eight Lakh Fifty Six
Thousand and Thirty Five Point Eight) only.

NOW THIS AGREEIV]ENT WITNESSETH AS FOLLOWS:

1. ln this Agreement words and expressions shall have the same meanings as are
respectively assigned to them in the General Conditions of Contract hereafter referred to.

The documents forming the Contract shall be interpreted in the following order of priority:
(a) the Signed Contract Agreement
(b) the Notification of Award
(c) the Particular Conditions of Contract
(d) the General Corrditions of Contract
(e) the General S pecifications
(f) the Priced Bill of Quantities and the Schedules

3 In consideration of the payments to be made by the Procuring Entity to the Contractor as


hereinafter mentioned, the Contractor hereby covenants with the Procuring Entity to
execule and complete the works and to remedy any defects therein in conformity in all
respects with the provisions of the Contract.

4. The Procuring Entity hereby covenants to pay the Contractor in consideration of the
execution and completion of the works and the remedying of defects therein, the
Contract Price or such other sum as may become payable under the provisions of the
Contract at the times and in the manner prescribed by the Contract.
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lN wlrNESS whereof the parties hereto have caused this Agreement to be executed
accordance with the raws of Bangradesh on the day, month and year first
written above.

For the Procurino Entitv For the Contractor

Signature

Name

Title
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General Manager (Construction)
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Bangladesh PetroleudExploration &


Production Lrd. (BAPEX)

In the presence of
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