HOT REPAIR, PAINTING, TESTING AND TRANSPORTATION OF CYLINDERS FOR NAGPUR LPG PLANT

EARNEST MONEY DEPOSIT: (Applicable only for work costing 1,00,000/- and above in value). The tenderer shall be required to submit along with this quotation a Bank Draft in Favour of Bharat Petroleum Corporation Ltd. For a sum equivalent to 3% of the total tendered value of works as earnest money deposit, subject to a minimum of ‘5,000/- and a maximum of ’1,00,000/. The earnest money deposit shall be returned to the unsuccessful tenderer(s) within one month after due date for opening of the tender. The earnest money deposit of the successful tenderer will be retained till the commencement of the work. Thereafter the tenderer may opt to adjust the earnest money deposit against security deposit as a money deposit or request return of the earnest money deposit. No interest will be payable on earnest money deposit. Security Deposit : (Applicable only for works costing ’1,00,000/- and above in value) The successful tenderer, before commencement of the work, shall have to provide to the company, by way of security, a money deposit or a Bank Guarantee in the standard format provided by the Company for an amount equivalent to 3% of the total tendered value of the works, subject to a minimum of ‘5000/- and a maximum of ‘100000/-. The tenderer shall have the option to adjust the earnest money towards security deposit if he so desires. NOTE: "However, EMD is not applicable to the Contractors registered with Bharat Petroleum Corporation Limited". SECURITY DEPOSIT : The successful tenderer, before commencement of the work, shall have to provide to the company, by way of security, a money deposit or a Bank Guarantee in the standard format provided by the Company for an amount equivalent to 3% of the total tendered value of the works, subject to a minimum of ‘5000/- and a maximum of ‘100000/-. DD should be payable at " BHARAT PETROLEUM CORPORATION LIMITED, NAGPUR "