PROCUREMENT OF GYM ITEMS UNDER WELFARE FACILITIES AT BPCL MUZAFFARPUR DEPOT

1. 100% payment shall be made within 30 days from date of receipt and acceptance of materials at Site. 2. Materials shall be guaranteed against manufacturing defects, materials, workmanship and design for a period of 12 months from the date of commissioning or 18 months from the date of dispatch whichever is earlier. Warranty for replacement of material / accessories should be provided free of charges at our premises. The above guarantee/warranty will be without prejudice to the certificate of inspection or material receipt note issued by us in respect of the materials. 3. Accept delayed delivery at prices reduced by a sum equivalent to half percent (0.5%) of the basic value of any goods not delivered for every week of delay or part thereof, limited to a maximum of 5% of the total basic order value. LR date will be considered as delivery completion date for calculation of price reduction in the case of ex works contract. Date of receipt of materials at owners premises shall be considered for calculation of price reduction for F.O.R destination contract. 4. 10 % RETENTION OF TOTAL BID VALUE WILL BE RETAINED FOR 6 MONTHS FROM THE DATE OF SUPPLY OF GOODS.