Document:

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                                                                   Exhibit 10.18

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                             VIRTUSA INDIA PVT LTD

                                  VIRTUSA(TM)

                   (PLOT NO 10, IN SY. NO: 115/P ON I.T. PARK,
                           SITUATED AT NANAKRAMAGUDA,
                              R.R. DISTRICT, A.P.)

                    AGREEMENT FOR CIVIL AND STRUCTURAL WORKS

(EDIFICE LOGO)                           (CUSHMAN & WAKEFIELD(R) LOGO)
Edifice Architects Pvt. Ltd              Global Real Estate Solutions (SM)

ARCHITECT                                PROJECT MANAGER
EDIFICE ARCHITECTS PVT. LTD.             CUSHMAN & WAKEFIELD INDIA PVT. LTD.
8-2-120/77/5, Behind Mexican Restaurant, B-6/8, Commercial Complex
Next to TDP Office, Road No. 2,          Opposite Deer Park, Safdarjung Enclave,
Banjara Hills, Hyderabad - 500034        New Delhi - 110 029

================================================================================

<PAGE>

                          (PHOTO OF ONE HUNDRED RUPEES)

(Indian Characters) ANDHRA PRADESH

                                    AGREEMENT
                          FOR CIVIL & STRUCTURAL WORKS

          This Agreement for Civil & Structural Works (the "Agreement")
                is made at Hyderabad on the 2ND day of JULY, 2007.

BETWEEN

     VIRTUSA INDIA PRIVATE LIMITED, a company incorporated under the Companies
     act 1956 having its registered office at 3rd Floor, My Home Tycoon,
     Begumpet Hyderabad - 500016, represented by its Financial Controller, MR
     HARI RAJU (hereinafter referred to as the "OWNER" which expression shall,
     unless repugnant to the context or meaning hereof, be deemed to mean and
     include its successors, assigns and affiliates) of the one part

AND

     SHAPOORJI PALLIONJI & COMPANY LIMITED a company incorporated under the
     Companies Act 1956, having its registered office 17, Nagindas Master Road,
     Fort, Mumbai (Maharashtra)-400023, represented by its Regional General
     Manager MR. K. SURESH RAO, (hereinafter referred to as the "CONTRACTOR"
     which expression shall, unless repugnant to the context or meaning hereof,
     be deemed to mean and include its successors, assigns and affiliates) of
     the other part.

(SEAL)                                (SEAL)                              (SEAL)

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                          (PHOTO OF ONE HUNDRED RUPEES)

(Indian Characters) ANDHRA PRADESH

                                    WHEREAS:

A.   The Owner had, on 07 February 07 issued a 'notice inviting tender' to the
     Contractor, in terms of which the Contractor and other entities who were
     issued similar notices, were invited inter alia to bid for the execution of
     Civil and Structural works (the "Tender").

B.   The Contractor, having perused and satisfied itself of the terms and
     conditions, technical specifications, bill of quantities, list of approved
     makes and materials drawings, EHS Plan and other details relevant to the
     Tender, submitted its commercial bid on MAY 5, 2007.

C.   Subsequent to a techno-commercial evaluation of all bids and discussions
     with the various bidders, the Contractor was selected as the successful
     bidder and a purchase order/ Letter of Intent was issued on 17 May 2007, by
     the Owner to the Contractor, as a representation of the Owner's intention
     to enter into this Agreement.

D.   The Parties are now desirous of recording their respective rights and
     obligations in relation to the execution of general civil and associated
     plumbing works by the Contractor.

(SEAL)                   (SEAL)                   (SEAL)                  (SEAL)
<PAGE>

NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED AND DECLARED BY AND
BETWEEN THE PARTIES HERETO AS FOLLOWS:

1.   DEFINITIONS AND INTERPRETATION

1.1  DEFINITIONS

     (a)  "CONTRACT DOCUMENTS" shall collectively mean the documents listed as
          Annexures A to R to this Agreement, and all modifications thereof and
          additions thereto as may be made during the term of this Agreement. It
          is the intention of the Parties that the Contract Documents be
          regarded as a part of this Agreement;

     (b)  "CONTRACT PRICE" shall mean a total amount of Rs. 30,50,00,000/-
          (Rupees Thirty Crore Fifty Lakhs only), payable in consideration of
          the Contractor executing the Project, inclusive of all taxes
          (including, but not limited to any sales tax, entry tax, octroi, works
          contract tax, turn over tax, employee state insurance, provident fund
          contribution, or any other taxes, imposts or levies of any kind
          whatsoever, now or hereafter imposed, increased or modified). The
          Contract Price shall also include the basic cost of all raw materials,
          freight, and all other expenses to land and unload the material at the
          designated place at the Site. The Contract Price shall, however, not
          include Vat & service tax.

     (c)  "GENERAL CONDITIONS OF CONTRACT" shall mean the general conditions of
          contract issued to the Contractor pursuant to the Tender, appended as
          Annex I hereto;

     (d)  "PROJECT" shall mean the Campus Facility for Virtusa India Pvt Ltd/
          Civil & Structural Works required to be executed by the Contractor in
          accordance with the terms of this Agreement. These works are detailed
          in the various Contract Documents. It is clarified that in the event
          of there being an inconsistency in the interpretation of Annexures and
          the Contract Documents, the terms of the Agreement shall take
          precedence;

     (e)  "SITE ENGINEER" shall mean an engineer appointed by the Owner at the
          Site;

     (f)  "TENDER" shall have the meaning ascribed to the term under Recital A
          above.

(SEAL)                                  (SEAL)

                                                                               3

<PAGE>

1.2  INTERPRETATION

     (a)  Words and expressions used but not defined herein shall have the
          meaning respectively assigned to them under the general conditions of
          contract issued to the Contractor pursuant to the General Conditions
          of Contract.

     (b)  The terms and conditions of this Agreement shall be read and
          interpreted in conjunction with those of the General Conditions of
          Contract. In the event of there being an inconsistency in the
          interpretation of the provisions of the General Conditions of Contract
          and this Agreement, the terms of this Agreement shall take precedence.

2.   APPOINTMENT

     The Owner hereby accepts the Tender of the Contractor for the execution of
     the Project in accordance with the terms and conditions of this Agreement
     and as set forth in the Contract Documents.

3.   EXECUTION OF THE PROJECT

     In consideration of the Contract Price payable in accordance with Clause 4
     below, the Contractor hereby agrees to execute and complete the Project and
     to do and perform all other acts and things as may be described herein or
     may be reasonably necessary for the completion of the Project in accordance
     with the terms and conditions stipulated in this Agreement.

4.   FISCAL MATTERS

4.1  PAYMENT OF CONTRACT PRICE

     In consideration of the Contractor's execution and satisfactory completion
     of the Project, the Owner shall pay the Contractor the Contract Price in
     proportion to and based upon the submission of running bills in relation to
     the work actually executed by the Contractor and approved in accordance
     with the Contract Documents. To the exception of Vat & service tax (if
     any), the Owner shall not be responsible in any way to pay any additional
     amount over and above the Contract Price.

(SEAL)                                  (SEAL)

                                                                               4

<PAGE>

4.2  SCHEDULE OF RATES

     Payment of the Contract Price shall be made as per bills approved and
     certified by the Project Manager. A cumulative final bill shall be
     submitted within 3 (three) days of Virtual Completion. It is understood and
     agreed by the Contractor that the payment against the bills shall be made
     only when the Project Manager certifies the bill that the work has been
     done as per the specifications and satisfaction of the Owner, which shall
     be the 'Acceptance Criteria' for the work done under this Agreement. All
     running bills shall be paid by the Owner within 27(Twenty Seven) days of
     submission of the Bill to the Project Manager, provided the bills meet the
     acceptance criteria.

4.3  PAYMENT TERMS

     All payments shall be governed as below:

     (a)  An advance of 20% of the Contract Value shall be paid to the
          Contractor within 60 days of submission of a CORPORATE GUARANTEE (In
          Two Installment i.e. 10 % within 7 days and balance within 60 days)
          valid for till completion of project representing such sum as per the
          format approved by the Owner/Project Manager for Corporate Guarantee.

     (b)  Interim Bills: Running account bills every month shall be admitted,

               -    75% of approved bill value shall be paid within 7 days

               -    Balance shall be paid by Owner within 20 days after
                    certification of the bill by the Project managers.

     (c)  An amount representing 5% of the Contract Price shall be retained by
          the Owner in the final bill. This amount shall be released by the
          Owner upon the issuance of the Virtual Completion Certificate, against
          a BANK GUARANTEE of equivalent amount valid for 12 months from the
          date of the virtual Completion Certificate (to be issued by the
          Project Manager/Architect/Consultant).

     (d)  Statutory deductions: Payments shall be made by the Owner subject to
          applicable statutory withholdings.

5.   COMPLETION AND PENALTY FOR DELAY IN COMPLETION

5.1  Completion of the Project shall be achieved on or before 31-AUGUST-2008 as
     per milestones agreed and discussed in negotiation meetings.

5.2  Liquidated damages shall be paid by the Contractor at 0.25% of the Contract
     Price for every week of delay, subject to maximum deduction of 5% of
     contract sum, for any delay beyond 31-AUGUST-2008. The parties agree that
     time is essence of the contract and the stipulation of milestones is the
     material to the performance of the payment obligations by Virtusa.

(SEAL)                                  (SEAL)

                                                                               5

<PAGE>

6.   SITE SUPERVISION

     (a)  The Contractors' Project Manager and Site Engineer shall remain at the
          Site during the entire execution of the Project, co-ordinate and
          supervise the work and be generally responsible for the day-to-day
          execution of the Project. The Contractor shall fully co-operate Owner/
          Project Manager and take instructions from the Owner/Owner's Project
          Manager during the entire tenure of the project.

     (b)  Prior to commencement of the Project, the Contractor shall provide the
          Owner with a list of workmen, employees, the Contractor's
          Representative and Sub-Contractors proposed to be utilized in relation
          to the Project, and get the same formally approved by the
          Owner/Project Manager. The site team of the Contractor shall comprise
          of but not limited to one project manager, suitable team of
          experienced engineers, supervisors and Support Team. The accepted
          approved manpower shall be employed at Site at all times.
          Non-availability of the required manpower and justification of lesser
          manpower shall not be acceptable and shall result in serious default
          of the conditions of this Agreement. The manpower committed shall not
          be changed or withdrawn without the prior written approval of the
          Owner/Project Manager.

     (c)  The Contractor's Representative shall have a cell phone and must be
          accessible at all times, shall attend all Site meetings, as required
          by the Owner/Project Manager.

7.   MISCELLANEOUS OBLIGATIONS OF THE CONTRACTOR

     (a)  The Contractor shall arrange to take up a policy covering the
          Contractor's liability under the Workmen's Compensation Act, 1923,
          Minimum Wages Act, 1948, Contract Labour (Regulation and Abolition)
          Act, 1970 and other relevant labour legislations, which covers the
          Project, as instructed by the Owner. Such policy shall be operative
          till the completion of the Project. Copy of the policy shall be
          provided by the Contractor to the Owner and the Project Manager. In
          the event of any accident covered by this Policy, the Contractor shall
          forthwith pay compensation to the employees and other parties without
          waiting for payment due to be received by the Contractor from the
          insurers/underwriters.

     (b)  The Contractor shall arrange to take up a Contractors All Risks
          (Construction of Office Building) Policy that shall cover burglary,
          fire and allied perils, marine-cum-erection risks, including risks
          during transit, storage at the Site, erection, commissioning and
          testing at the Site, and third party liability, till the completion of
          the Project.

     (c)  The documentary proof of deposit of all statutory liabilities shall be
          submitted on a monthly basis, or immediately upon compliance of

(SEAL)                                  (SEAL)

                                                                               6

<PAGE>

          departmental prescribed due dates. Payments shall be made by the Owner
          only upon verification.

     (d)  All materials/ raw materials shall be brought in and removed from the
          Site only using a designated 'materials gate' monitored and controlled
          by the Owner's security personnel.

     (e)  The Contractor shall undergo a Site induction training prior to actual
          commencement of work, to be conducted by Owner's security personnel/
          Project Manager. All of the Contractor's personnel shall adhere to the
          training program.

     (f)  All personnel employed/deployed by the Contractor at the Site shall be
          required to possess valid identity cards and display vendor's passes
          to be issued by the Project Manager. Passes must be shown to Owner's
          security personnel at designated positions as and when requested. No
          personnel shall be permitted to enter or work upon the Site without
          valid passes.

     (g)  The Contractor shall conform to the Owner's 'Global Vendor Integrity
          Programme.' The Owner shall have the right to conduct appropriate
          background checks in this regard.

     (h)  The Contractor undertakes to be solely responsible for obtaining and
          complying with all necessary work consents, permits, approvals,
          licences, etc., as required under applicable law before commencement
          of work, e.g. for welding, for operating DG sets etc.

     (i)  The Owner shall provide suitable open space for storage of all
          material/equipment. The Contractor shall, at its own cost, provide
          adequate storage sheds and yards at the Site, at locations
          pre-approved by the Project Manager, for all materials and equipment
          that are to be incorporated in the Project.

     (j)  The Contractor shall make its own arrangement for temporary water and
          electricity for Works and all costs in relation thereto shall be borne
          solely by the Contractor.

     (k)  The Contractor shall be responsible for arranging for the stay of its
          labour outside the Site.

     (l)  As the said area (site) has been notified as the Special Economic Zone
          (SEZ), the Owner is eligible for excise duty benefits / custom duty
          benefits, on the materials used by the Contractor. The Contractor
          unconditionally agrees to do all such acts and deeds necessary to
          ensure that such benefits are availed and passed on to the Owner under
          all circumstances. In the event of the Owner being unable to avail of
          the benefits due to the negligence or non-co-operation of the
          Contractor, the Owner shall have the right to claim compensation from
          the Contractor for the corresponding amounts.

(SEAL)                                  (SEAL)

                                                                               7

<PAGE>

     (m)  The Contractor shall provide the Owner in writing, atleast 30 days
          prior to the requirement, the detailed list of materials to be used in
          the Project and the timing of the requirement so as to to assist the
          Owner in complying with the SEZ Rules which obligates the Owner to
          ensure proper utilization of the said materials. In the event of the
          Owner being unable to avail of the SEZ benefits due to the failure of
          the Contractor to intimate the Owner of the requisition as mentioned
          above, the Owner shall have the right to claim compensation from the
          Contractor for the corresponding amounts.

     (n)  The Contractor shall (a) maintain the requisite records and documents
          as stipulated under SEZ Rules and other applicable laws, and (b)
          submit all the records on demand by the concerned officers.

     (o)  The Contractor shall ensure compliance with the applicable laws
          relating to movement and usage of materials as laid out in SEZ Rules.

8.   SUBMITTALS

     Within a period of seven days from the date of execution hereof, the
     Contractor shall provide to the Owner/Project Manager (as instructed) the
     following:

     (a)  Method statement for the Project;

     (b)  Detailed deliverable schedule;

     (c)  Detailed organization chart for executing the Project;

     (d)  Insurance documents as per Clause 7 (b) above;

     (e)  Manpower schedule;

     (f)  Plant and equipment schedule;

     (g)  Material samples schedule;

     (h)  Shop drawings schedule (including status and delivery);

     (i)  Corporate guarantee as per the format approved by Owner/ Project
          Manager, for 20% of mobilization advance;

     (j)  Prevailing minimum basic wages for different trades and different
          categories of workers, as published by Labor Ministry for the
          particular region

     (k)  Performance Bond in the form of a bank guarantee from a scheduled
          commercial bank of the Owner's/ Project Manager's election,
          representing 5% of the Contract Price and shall be valid till the
          completion date of the project, as defined in clause 5.1; and

     (l)  Any other documentation as indicated by Project Manager during the
          Kick-off meeting.

9.   MISCELLANEOUS

9.1  WAIVER

     The failure of the Owner to insist upon the punctual performance of any of
     the obligations of the Contractor hereunder, or the failure of the Owner to
     exercise

(SEAL)                   (SEAL)                   (SEAL)                  (SEAL)

                                                                               8

<PAGE>

     any right or remedy available to it under this Agreement shall not
     constitute a waiver by the Owner of any subsequent or continuing default by
     the Contractor hereunder nor shall the same prejudice, affect or restrict
     the rights and powers of the Owner hereunder.

9.2  RELATIONSHIP

     This Agreement shall be on principal-to-principal basis and nothing
     contained in this Agreement shall confer upon the parties a relationship of
     agency, partnership, joint-venture, etc.

9.3  MODIFICATION

     No modifications or amendments of this Agreement shall be binding unless
     agreed to by the Parties in writing.

9.4  GENERAL

     In the event that any provision of this Agreement is declared by any
     judicial or other competent authority to be void, void able, illegal or
     otherwise unenforceable (or indications of the same are received by either
     of the parties from any relevant competent authorities) the Parties shall
     amend that provisions in such reasonable manner as is achieves the
     intention of the Parties without illegality.

IN WITNESS WHEREOF the Parties have executed these presents on the day, month
and year first above written.

Signed and Delivered                    Signed and Delivered
for and on behalf of                    for and on behalf of
VIRTUSA INDIA PVT LTD                   SHAPOORJI PALLONJI & CO. LTD
With office seal                        with office seal

Date: JULY 2, 2007                      Date: JULY 2, 2007
Place: HYDERABAD                        Place: HYDERABAD

IN PRESENCE OF THE FOLLOWING WITNESSES

1. Name: S. B. CHOWDHURY                Sign: /s/ S. B. CHOWDHURY
                                              ----------------------------------

2. Name: MURALIDHAR .B. J               Sign: /s/ MURALIDHAR .B. J
                                              ----------------------------------

(SEAL)                                  (SEAL)

                                                                               9
<PAGE>

================================================================================

                                               I. GENERAL CONDITIONS OF CONTRACT

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                                                                               1
<PAGE>

TABLE OF CONTENTS

<TABLE>
<S>                                                                          <C>
DEFINITIONS
     1.1   Approved /Approval
     1.2   Approved Equal
     1.3   Architect
     1.4   Construction Programme
     1.5   Contract
     1.6   Contractor
     1.7   Contractor's Representative
     1.8   Contract Documents
     1.9   Contract Price
     1.10  Consultant
     1.11  Defect(s) Liability Period
     1.12  Developer
     1.13  Drawings
     1.14  EHS Plan
     1.15  Final Completion
     1.16  Force Majeure
     1.17  Headings
     1.18  Letter of Intent
     1.19  Measurement Books
     1.20  Nominated Sub-contractor
     1.21  Normal Working Day
     1.22  Owner
     1.23  Owner's Representative
     1.24  Project
     1.25  Public Holiday
     1.26  Project Coordination Services
     1.27  Project Manager
     1.28  Provisional Sum
     1.29  Records and Audits
     1.30  Retention Money
     1.31  References and Cross-References to Clause and Sub-clause
           Numbers
     1.32  Schedule of Rates
     1.33  Singular and Plural
     1.34  Site
     1.35  Specifications
     1.36  Sub-contractors
     1.37  Tender
     1.38  Tender Documents
     1.39  Temporary works
     1.40  Terms "and", "or", "and/or"
     1.41  Tests on completion
     1.42  Vendors
     1.43  Virtual Completion
     1.44  Written Notice
     1.45  Works
     1.46  Working day
</TABLE>

                                                                               2

<PAGE>

<TABLE>
<S>                                                                          <C>
2.0  SCOPE, EXTENT, INTENT AND OTHERS
     2.1   Scope
     2.2   Extent
     2.3   Intent
     2.4   Instructions of Project Manager
     2.5   Approval of Project Manager
     2.6   Increases/ Decreases to scope of work.
     2.7   Items of work for completion
     2.8   Access for Owner, Architect and Project Manager

3.0  PROJECT MANAGER/OWNER'S REPRESENTATIVE, CONTRACTOR AND CONTRACTOR'S
     REPRESENTATIVE
     3.1   Roles and responsibilities of the Project Manager
     3.2   Decisions
     3.3   Role and responsibilities of the Contractor's representative
     3.4   Contractor's responsibilities

4.0  SITE
     4.1   Contractor to satisfy itself about site conditions
     4.2   Access to site by the Contractor

5.0  TYPE OF CONTRACT
6.0  TAXES, DUTIES, ETC.
7.0  NOTICES, FEES, BYE-LAWS, REGULATIONS, ETC.
8.0  LICENSES AND PERMITS
9.0  ROYALTIES AND PATENT RIGHTS

10.0 INSURANCE
     10.1  Insurance Policies
     10.2  Contractor's All Risk Insurance
     10.3  Failure to insure
     10.4  No limit to liability

11.0 CONTRACTOR'S SITE ORGANIZATION AND RESOURCES
     11.1  Contractor's representative and supervisory staff
     11.2  Man power and plant and machinery
     11.3  Contractor store, site offices, and other facilities
     11.4  Security
     11.5  Telephone
     11.6  Survey Equipment
     11.7  Sanitary Convenience
     11.8  Scaffolding, Staging, Guard Rails, Barricades
     11.9  Safety Equipment
     11.10 Temporary Lighting
     11.11 Protection of environment
     11.12 First Aid Equipment
</TABLE>

                                                                               3

<PAGE>

<TABLE>
<S>                                                                          <C>
12.0 LABOUR REGULATIONS
     12.1  Regulations
     12.2  Child Labour
     12.3  Payment of wages
     12.4  Model Rules
     12.5  Safety Codes
     12.6  Safety/Site Conditions
     12.7  Additional Safety Regulations
     12.8  Requirement fire extinguisher
     12.9  Requirement of equipment
     12.10 Safety with regard to site and housekeeping.
     12.11 Non compliance of regulations
     12.12 Implementation of safety measures

13.0 CONTRIBUTION TOWARDS EMPLOYEE BENEFITS, FUNDS ETC.
14.0 SETTING OUT AND SITE SURVEYS
15.0 DRAWINGS, SPECIFICATIONS, INTERPRETATIONS ETC.
16.0 WATER AND ELECTRICITY
17.0 ASSIGNMENT AND SUB-LETTING
18.0 SUB-CONTRACTORS
19.0 SEPARATE CONTRACTS
20.0 CO-ORDINATION OF WORK
21.0 OVERTIME WORK

22.0 MATERIALS, WORKMANSHIP, STORAGE, INSPECTIONS ETC.,
     22.1  Materials and workmanship
     22.2  Special makes or brands
     22.3  Proper scheduling and delivery of materials
     22.4  List of Materials
     22.5  Storage of materials and equipment at site.
     22.6  Right type of workmen, plant and machinery, Jigs, Tools, Etc.
     22.7  Testing
     22.8  Certificates

23.0 CONSTRUCTION DOCUMENTATION
24.0 CONSTRUCTION PROGRAMME, SCHEDULES AND PROGRESS REPORTS
     24.1  Construction Programme
     24.2  Construction Schedules
     24.3  Daily Site reports
     24.4  Employee records
     24.5  Site Register
     24.6  Progress Reports
     24.7  Meetings

25.0 BUREAU OF INDIAN STANDARDS
     25.1  Indian Standard Specifications
     25.2  Amendments to BIS
     25.3  Tolerances

26.0 PROTECTION OF WORKS
27.0 CLEANING OF WORKS AND CLEARING OF SITE.
</TABLE>

                                                                               4

<PAGE>

<TABLE>
<S>                                                                          <C>
28.0 METHOD OF MEASUREMENT
29.0 COVERING UP
30.0 PAYMENTS AND SECURED ADVANCE
     30.1  Payments for executed work.
     30.2  Payment Certificate
     30.3  Retention Money & Final Bill
     30.4  Withholding of payments

31.0 RECTIFICATION OF IMPROPER WORK NOTICED
32.0 CHANGE ORDERS
33.0 DEDUCTIONS FOR UNCORRECTED WORK

34.0 TIME FOR COMPLETION
     34.1  Time-essence contract
     34.2  Causes of delay for which claims for extension of time may be
           considered.
     34.3  Extension of time
     34.4  Claim of extension of time.
     34.5  Deletions or changes in the scope of work

35.0 NO FINANCIAL OR OTHER COMPENSATION FOR DELAYS.
36.0 COMPENSATION FOR DELAYS CAUSED BY OWNER
37.0 PROPERTY OF EXECUTED WORK
38.0 INDEMNITY
39.0 CORRECTION OF WORK BEFORE VIRTUAL COMPLETION OF WORKS
40.0 VIRTUAL COMPLETION OF WORKS
41.0 LIQUIDATED DAMAGES/PROGRAMME CHART/MILESTONES
42.0 PENALTY/FINE
43.0 GUARANTEES
44.0 STATUTORY APPROVALS
45.0 PROJECT CLOSE-OUT DELIVERABLES

46.0 DEFECTS LIABILITY
     46.1  Maintenance by contractor during defects liability period.
     46.2  Replacement and/or rectification and making good by contractors
           of all defective materials, equipment and/or workmanship during
           defects liability period,

47.0 FINAL COMPLETION OF THE WORK.
48.0 FORCE MAJEURE
49.0 TERMINATION OR SUSPENSION OF THE CONTRACT BY THE OWNER.
50.0 INTELLECTUAL PROPERTY RIGHTS
51.0 SETTLEMENT OF DISPUTES/ARBITRATION
52.0 GOVERNING LAW
53.0 STANDARDS OF CONDUCT
54.0 WARRANTY AS TO DOCUMENTS SUBMITTED TO OWNER; AUDIT.
55.0 ACCOUNTS AND AUDIT
56.0 MISCELLANEOUS
57.0 SCHEDULE OF FISCAL ASPECTS
</TABLE>

                                                                               5
<PAGE>

GENERAL CONDITIONS OF CONTRACT

1.   DEFINITIONS:

     In the Contract (as hereinafter defined) the following words and
     expressions shall have meanings hereby assigned to them, except where the
     context otherwise requires: (In alphabetical order)

          1.1  APPROVED/APPROVAL:

               Approved/Approval shall mean approved/approval in writing.

          1.2  APPROVED EQUAL:

               Approved Equal shall mean an alternative product or service
               approved by the Architect as being equivalent to that specified
               in the Contract Documents.

          1.3  ARCHITECT

               Architect shall mean Edifice Architects Pvt Ltd, 8-2-120/77/5,
               Behind Mexican Restaurant, Next to TDP Office, Road No. 2,
               Banjara Hills, Hyderabad - 500034

          1.4  CONSTRUCTION PROGRAMME

               'Construction Programme' shall mean the programme to be furnished
               by the Contractor along with the Tender as prescribed in Notice
               Inviting Tender.

          1.5  CONTRACT:

               The Contract shall mean the agreement between the Owner and the
               Contractor for the proper execution and successful completion of
               the Work in accordance with the Contract Documents and further
               documents as may be expressly incorporated in the letter of
               intent/ acceptance.

          1.6  CONTRACTOR:

               The Contractor shall mean the person or persons, firm, company or
               consortium whose tender has been accepted by the Owner and
               includes the Contractor's legal representatives, successors and
               permitted assign.

          1.7  CONTRACTOR'S REPRESENTATIVE:

               The Contractor's Representative shall mean the person or party
               duly appointed by the Contractor, to act for and on its behalf on
               a day-to-day basis during the construction of the Work and the
               Project. Any action to be taken by the Contractor may be taken on
               the Contractor's behalf by the Contractor's Representative. The
               Contractor's Representative shall be considered a "key person"
               for purposes of Section 11.1 of the General Terms of Contract.
               The Contractor's Representative shall be Project Coordinator

          1.8  CONTRACT DOCUMENTS:

               The Contract Documents shall mean collectively the documents to
               be listed in the Contract dated between the Owner and the
               Contractor and all modifications thereof and additions thereto
               incorporated in and made to any of those documents during the
               term of the Contract.

(SEAL)

                                                                               6

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          1.9  CONTRACT PRICE:

               Shall mean the sums referred to in the Contract Documents for the
               Contractor's performance of the Work.

               The Contract Price is inclusive of all taxes, including sales
               tax, entry tax, octroi, works contract tax, Turn over tax, ESI,
               PF contribution and all other statutory taxes and levies if any
               applicable to the contractors/workers etc. The contract price
               shall not include Vat & Service tax. To the exception of Vat &
               service tax, the Owner shall not be responsible in any way
               whatsoever to pay any additional amount over and above the
               Contract price.

               The Contract is neither a fixed lump sum contract nor a piece
               work contract, but is an item rate contract to carryout the Work
               according to the actual measured quantities at the rates
               contained in the schedule of rates and probable quantities as
               provided in the Priced Bill of Quantities with Detailed
               Specifications. The Contract Price shall not exceed RS.
               30,50,00,000/- (RUPEES THIRTY CRORE FIFTY LAKHS ONLY) as
               indicated in the Letter of Intent/Purchase Order. Amounts in
               excess of this number, not approved in advance by the Owner's
               Representative shall be at the Contractor's expense. The
               Contractor has to closely monitor the quantities and cost and
               obtain an Approval from the Owner/Architect well in advance for
               any change outside the scope of the Work which would cause the
               cost of the Work to exceed the Contract Price as indicated in the
               Letter of Intent. Prices will be firm until the end of the
               contract.

               No escalation in prices shall be allowed for any reason
               whatsoever during the period of the project.

          1.10 CONSULTANT:

               Shall mean any person or persons duly appointed by the
               Owner/Project Managers'/Architects' to act as 'CONSULTANT' to
               render consultancy services in any area/field of activity
               connected with and arising out of the Contract under a separate
               agreement setting out the consultant(s) responsibilities and
               terms.

          1.11 DEFECT(S) LIABILITY PERIOD:

               Defect(s) Liability Period shall be the 12 months after Virtual
               Completion and any period extended as a result of rectification
               of the Work/change orders, between the Virtual Completion and the
               Final Completion of the Work, and during which period the
               Contractor shall be bound to replace and/or rectify and make good
               all defective materials, equipment and/or workmanship which arise
               in the Works or come to notice subsequent to the Virtual
               Completion of the Works and prior to the Final Completion of the
               Works without requiring the Owner to bear any additional charges
               whatsoever.

          1.12 DEVELOPER - NOT APPLICABLE

          1.13 DRAWINGS:

               'Drawings' means all drawings, details and sketches along with
               the technical information therein, furnished by the Architect/
               Consultant to the Contractor under the Contract and any
               modifications of such drawings or such other drawings as may be
               from time to time be furnished or approved in writing by Project
               Manager. All shop drawings, samples, patterns, models, operation
               and

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               maintenance manuals, Product data and other technical information
               of a like nature submitted by the Contractor shall also be
               referred to as 'Drawings'.

          1.14 EHS PLAN

               "EHS plan" means Environmental, Health and Safety Plan.

          1.15 FINAL COMPLETION:

               Final Completion will be deemed to have been achieved when at the
               end of the Defects Liability Period, all snags identified by the
               Architect have been remedied to the satisfaction of the Project
               Manager, a Final Completion Certificate has been issued by the
               Architect when all the requirements of the Contract have been met
               and complied with and when all the defective items of Work and
               defects have been replaced and/or rectified and made good as
               directed by and to the satisfaction of the Owner.

          1.16 FORCE MAJEURE:

               Force Majeure are risks due to riots (other than those among
               Contractor's or its subcontractor's/ supplier's employees) and
               civil commotion (in so far as both these are uninsurable), war
               (whether declared or not), invasion, act of foreign enemies,
               hostilities, civil war, rebellion, insurrection, military or
               usurped power, an act of Government, an act of God, such as
               lightening, unprecedented floods, tornado, and damage from
               aircraft.

          1.16(A) "GOOD INDUSTRY PRACTICE"

               Good Industry Practice means the exercise of that degree of
               skill, diligence, prudence and foresight in compliance with the
               undertakings and obligations under this Contract which would
               reasonably and ordinarily be expected of a skilled and an
               experienced person engaged in the implementation, operation and
               maintenance or supervision or monitoring thereof of any of them
               of a project similar to that of the Works.

          1.17 HEADINGS:

               The headings in these General Conditions of Contract shall not be
               deemed to be part thereof or to be taken into consideration in
               the interpretation or construction thereof or of the Contract.

          1.18 LETTER OF INTENT

               'Letter of Intent' shall mean the document issued to the
               successful tenderer signifying the Owner's in-principle consent
               to enter into the Contract

          1.19 MEASUREMENT BOOKS:

               The "measurement books" shall be defined as the books maintained
               during the currency of the project to record all measurements
               qualifying for payment. The contractor shall maintain measurement
               books of all work done by them. The contractor shall get the
               measurement books verified by the Project Managers periodically.

          1.20 NOMINATED SUB CONTRACTOR:

               "Nominated Sub-Contractor" refers to those specialists, tradesmen
               and others, whose credentials as well as quotations are evaluated
               and approved by the Owner/ Project Manager and then nominated for
               executing special works or

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               supplying special equipment or materials, for which provisional
               sums are included in the Contracts. Such agencies shall be deemed
               to have been employed by the Contractor.

          1.21 NORMAL WORKING DAY:

               A working day is defined as any day between Monday and Saturday,
               both inclusive, and excluding any Public Holiday as notified by
               the Government of India/State Government. Work at site shall
               continue over Sundays and all holidays excepting three statutory
               Government public holidays.

          1.22 OWNER:

               The Owner shall mean Virtusa India Pvt Ltd, having its office at
               3rd Floor, My Home Tycoon, Begumpet, Hyderabad - 500016 and the
               term Owner includes successors, assigns and affiliates.

          1.23 OWNER'S REPRESENTATIVE:

               Owner's Representative shall mean an individual or an agency duly
               appointed by the Owner to act for and on its behalf at the Site
               during all phases of construction of the Project. Any actions to
               be taken by the Owner may be taken on the Owner's behalf by the
               Owner's Representative.

          1.24 PROJECT:

               Project shall mean the total execution of the Work performed
               under this Contract for the CIVIL AND STRUCTURAL WORKS.

          1.25 PUBLIC HOLIDAY

               'Public Holiday' shall mean any day which is declared as a public
               holiday by the Government of India or the State Government.

          1.26 PROJECT COORDINATION SERVICES

               'Project Coordination Services' refers to those services, which
               need to be carried out by the Contractor in coordinating its work
               with the other agencies works at Site as per instructions of the
               Owner / Architect/ Project Manager. Such services shall be at no
               extra cost to the Owner and must be to the full satisfaction of
               the Architect / Project Manager.

          1.27 PROJECT MANAGER

               The 'Project Manager' shall be M/s. Cushman & Wakefield (India)
               Pvt. Ltd., having their office at Unit111, Maximus2B, MindSpace,
               K.Raheja, I.T.Park, HitechCity, Hyderabad. The Project Manager
               shall be authorized to represent and act on behalf of the Owner
               on a day-to-day basis during all stages of the Project. All
               communications, approvals and decisions to be taken in connection
               with the Architect's services shall be channelled through the
               Project Manager.

          1.28 PROVISIONAL SUM:

               Provisional sum shall mean a lump sum included in the tender
               documents representing the estimated value of the work for which
               details are not available at the time of issue of tender

          1.29 RECORDS AND AUDITS

               The contractor shall keep books and records in such a manner, as
               to enable to carry out effective financial control.

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          1.30 RETENTION MONEY

               'Retention Money' shall have the meaning ascribed to it in the
               Schedule of Fiscal Aspects.

          1.31 REFERENCES AND CROSS-REFERENCES TO CLAUSE AND SUB-CLAUSE NUMBERS

               Unless specifically stated otherwise, all references and
               cross-references made to clause and sub-clause numbers in these
               General Conditions of Contract refer to the clauses and
               sub-clauses of the General Conditions of Contract itself.

          1.32 SCHEDULE OF RATES

               'Schedule of Rates' shall refer to the rates forming the basis
               for the Contract Price, as provided in a schedule to the
               Contract.

          1.33 SINGULAR AND PLURAL:

               Words in the singular also include the plural and vice versa
               where the context requires.

          1.34 SITE:

               The Site shall mean the location at Plot No.10, I.T.Park,
               Nanakramguda, R.R.District, Hyderabad.

          1.35 SPECIFICATIONS:

               "Specifications" means the specifications for the Work included
               in the Architect's Drawings and the Civil/Interior/MEP/ Other
               Works Technical Specifications, and any modification thereof or
               addition thereto.

          1.36 SUB-CONTRACTORS:

               "Sub-Contractors" shall mean the persons, firms, companies or
               agencies who after approval of the Owner/ Owner's Representative,
               have entered into a direct Contract with the Contractor in
               respect of any part of the Work and any later package of the
               Project, and include the Sub-Contractors' legal representatives,
               successors and permitted assignee. The Contractor shall have full
               responsibility for the actions and work of any Subcontractor
               whether contracted by the Contractor to perform portions of the
               Work or any later package of the Project.

          1.37 TENDER:

               "Tender" shall mean the Contractor's priced offer for execution
               and completion of works and remedying any defects arising
               therein, in strict accordance with the Contract documents as
               issued with the tender and as per the agreement signed by the
               Contractor thereafter.

          1.38 TENDER DOCUMENTS:

               "Tender Documents" shall mean the Contractor's Proforma of Bank
               Guarantee for Performance Bond, the Proforma of Bank Guarantee
               against Mobilization Advance, and Notice Inviting Tender, General
               Conditions Of Contract, Special Conditions Of Contract, Works
               Technical Specifications, Bill Of Quantities With Detailed
               Specifications, Environmental, Health & Safety (EHS) Plan,
               Preliminary Project Construction Schedule, Drawing - Site
               Location, Drawings Of Architectural & M&E Services Works and any
               other related documents.

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          1.39 TEMPORARY WORKS:

               Temporary works mean all temporary works of every kind required
               for the execution of the works by the Contractor.

          1.40 TERMS "AND", "OR", "AND/OR":

               The terms "and, "or", "and/or" used in context with the
               description or enumeration of two or more items or components of
               work of documentation or anything similar shall mean as is
               relevant and applicable to the text.

          1.41 TESTS ON COMPLETION:

               Tests on completion shall mean all the system testing required to
               be done by the contractors, to the entire satisfaction of
               Architect/ Consultant, Owner and Owner's representative, prior to
               Handing over the facility.

          1.42 VENDORS:

               "Vendors" shall mean and include all suppliers, contractors,
               sub-contractors, nominated sub-contractors engaged for the
               Project.

          1.43 VIRTUAL COMPLETION:

               Virtual completion will be deemed to have been achieved upon a
               Virtual Completion Certificate being issued by the Project
               Manager, when the Work, according to the Owner and Architect,
               have been completed in every respect in conformity with the
               Contract Documents and are ready and fit for the intended
               purpose, complete with all systems and services having been
               tested and commissioned.

          1.44 WRITTEN NOTICE

               Written Notice shall be deemed to have been duly served if
               delivered in person to the authorized representative of the firm
               / company for whom it is intended, or if hand delivered at and a
               written delivery receipt obtained or sent by faxed or courier
               service or speed post with acknowledgement to the last business
               address known to the party who gives the notice.

          1.45 WORKS:

               "Works" shall mean and include all materials, plant and
               machinery, equipment and labour necessary to execute the project
               in full compliance with the requirements of the Contract
               Document.

          1.46 WORKING DAY:

               Working Day shall mean any day from Monday to Saturday (both days
               inclusive) excluding Public Holidays. "Month" means English
               Calendar month. "Day" shall mean a calendar day of 24 hours each.

     2.0  SCOPE, EXTENT, INTENT AND OTHERS:

          2.1  SCOPE:

               The general character and the scope of the Work shall be as
               illustrated and defined in the Drawings, Specifications, Schedule
               of Rates and other Contract Documents.

          2.2  EXTENT:

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               The Contractor shall carry out and complete the Work under the
               Contract in every respect, and work shall include the supply of
               all labour, equipment, materials, plant and machinery, tools,
               transportation, form work, scaffolding and everything else
               necessary for the proper execution and successful completion of
               the Work in accordance with the Contract Documents and to the
               directions and satisfaction of the Project Managers, Architect
               and Owner, Good Industry Practise and applicable laws. The
               Contractor shall be fully responsible and liable for everything
               and all matters in connection with or arising out of or being a
               result or consequence of its carrying out or omitting to carry
               out any part of the Work. Where any parts of the Work may be
               executed by Sub-Contractors such responsibility and liability of
               the Contractor shall cover and extend to the work of all such
               Sub-Contractors.

          2.3  INTENT:

               The Contract Documents are complementary and what is called for
               by any one shall be binding as if called for by all. Wherever it
               is mentioned in the Contract Documents that the Contractor shall
               perform certain work or provide certain facilities, it is
               understood that the Contractor shall do so at its own cost.
               Materials or work described in words which so applied have a well
               known technical or trade meaning shall be held to refer to such
               recognised standards as are applicable.

          2.4  INSTRUCTIONS OF PROJECT MANAGER:

               The Architect may from time to time, through the Project Manager,
               issue further supplementary Drawings, written instructions,
               details, directions, and explanations, which shall be
               collectively referred to as the Instructions of Project Manager.
               The Contractor shall forthwith comply with and duly execute the
               work comprised in such Instructions of Project Manager, provided
               always that verbal instructions, directions and explanations
               given to the Contractor or his works representative by the
               Architect or Project Manager shall, if involving a variation, be
               confirmed in writing immediately thereafter by the Project
               Manager.

          2.5  APPROVAL OF PROJECT MANAGER:

               Approval of the Project Manager shall always mean approval in
               writing. The onus shall be on the Contractor to obtain all the
               necessary approvals in writing. Such approvals, however, shall
               not relieve the Contractor of any of its responsibilities under
               the Contract.

          2.6  INCREASES/DECREASES TO SCOPE OF WORK:

               The Owner reserves the right to increase or decrease the scope of
               the Work on any or all items or to change the nature of the Work
               involved in any or all items or to completely delete any items of
               the Work under the Contract. The Contractor shall not be entitled
               to claim for loss of anticipated profits, for mobilization of
               additional resources, or for any other such reason on account of
               these change orders. In the event that the Owner elects in
               writing to add an item to scope of the project or to delete an
               item from its scope, the Owner shall be entitled to increase/
               reduce (as the case may be) an appropriate amount from the
               contract price.

          2.7  ITEMS OF WORK FOR COMPLETION:

               The Contractor is bound to carry out any items of work necessary
               for the completion of the Work even though such items of work may
               not be expressly described in the Contract Documents.

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          2.8  ACCESS FOR OWNER, ARCHITECT AND PROJECT MANAGER:

               The Owner, Owner's Representative, Project Manager, the
               Architect, and their respective consultants shall at all times
               have access to the Work and the Site and to the workshops or
               other places of the Contractor where the Work is to be so
               prepared and in workshops or other places of Sub-Contractors and
               suppliers. The Contractor shall by a term in its Sub-Contracts so
               far as possible, secure a similar right of access to those
               workshops or places for the Owner, Owner's Representative,
               Project Manager, Architect, and their respective consultants and
               shall do every thing for the purposes of carrying out inspections
               to ascertain and ensure that work is being carried out in
               conformity with the Contract Documents or for any other purpose
               in connection with the Work under the Contract.

     3.0  PROJECT MANAGER/ OWNER'S REPRESENTATIVE, CONTRACTOR AND CONTRACTOR'S
          REPRESENTATIVE:

          The status, duties and responsibilities of the Project Manager/
          Owner's Representative, and Contractor's Representative shall be as
          detailed below:

          3.1  ROLE AND RESPONSIBILITIES OF THE PROJECT MANAGER:

               i.   The Project Manager shall be responsible for the day-to-day
                    supervision, progress monitoring, co-ordination and
                    direction of the project, and generally to ensure that the
                    Work is carried out in all respects in strict conformity
                    with the Contract Documents.

               ii.  The Project Manager shall have the authority to stop the
                    work whenever such stoppage may be necessary to ensure the
                    proper execution of the Project. The Contractor shall
                    provide all the necessary facilities to the Project Manager
                    in the performance of his duties. And shall comply with all
                    instructions as may be issued by the Project Manager. The
                    Contractor shall refer all matters relating to the
                    performance of the Contract to the Project Manager. The
                    contractor shall not be entitled to claim extensions, extra
                    costs or losses in this regard.

               iii. The Project Manager shall observe sound and established
                    engineering practices using latest standards, codes and
                    regulations, as applicable for the purpose specified and
                    suitable for respective uses intended. Supervision over the
                    contractor shall be maintained by Project Manager who shall
                    exercise constant and continuous supervision and control
                    over quality, workmanship and materials, plant, machinery,
                    equipment etc. used for the project as and when may be
                    required.

               iv.  Project Manager will work in close co-operation and
                    co-ordination with the Architect and the Owner.

               v.   All communication by the Contractor with the Client or the
                    Client's consultants shall be done through the Project
                    Manager.

          3.2  DECISIONS:

               The Project Manager in consultation with the Owner and/ or
               Architect/ Consultant, shall make decisions on all matters
               relating to the execution and progress of the Project, including
               the claims and queries of the Contractor. The decision, opinion,
               direction and interpretation of the Project Manager (in
               consultation with Owner and/ or Architect/ Consultant), with
               respect to any or all matters including the following

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               matters shall be final and binding on the Contractor, except for
               matters involving financial implications which will be decided in
               consultation with and with the prior written approval of the
               Owner. Notwithstanding the generality of the foregoing, unless
               stated to the contrary below, the decision of the Project Manager
               in respect of the following actions shall be binding upon the
               contractor:

               -    Any discrepancy in the drawings or between the Drawings and
                    Specifications

               -    The removal and/or re-execution of any work executed by the
                    Contractor.

               -    The dismissal from the Site of any person employed upon the
                    Work.

               -    The opening up for inspection of any work covered up.

               -    All materials and workmanship.

               -    Everything that must be provided or done by the Contractor
                    in order to properly execute and successfully complete the
                    Work under the Contract.

               -    Assignment and sub-letting.

               -    Delay and extension of time (only with prior approval of
                    Owner).

               -    Supervising the replacing and/or rectifying and making good
                    all defective items of work and during the Defects Liability
                    Period.

               -    Removal of any material/equipment/plant and machinery
                    brought by the Contractor to the Site for execution of the
                    Work.

          3.3  ROLE AND RESPONSIBILITIES OF THE CONTRACTOR'S REPRESENTATIVE:

               -    The Contractor's Representative shall represent the
                    Contractor at the Site. The Contractor's Representative
                    shall be on Site at all times during performance of the Work
                    and the Project Coordination Services and shall be
                    responsible for the day-to-day interaction with the Project
                    Managers.

               -    The Contractor's Representative shall have adequate
                    experience in handling similar kind of projects, competent
                    enough and have the authority to make and communicate all
                    decisions called for in this Contract to be made by the
                    Contractor. The Contractor's representative may be required
                    to produce appropriate documentation and referrals in
                    respect of previous assignments. The Contractor's
                    Representative shall be responsible for the day-to-day
                    supervision and oversight of the Project Coordination
                    Services, including, without limitation, the EHS Plan
                    implementation.

               -    The Contractor shall submit to the Owner the name and other
                    details of the Contractor's representative within 10 days of
                    execution of contract.

          3.4  CONTRACTOR'S RESPONSIBILITIES:

               The Contractor shall have the following responsibilities in
               carrying out the Work and the Project Coordination Services.

               i.   The Contractor shall, on the instruction of the Project
                    Manager/ Owner's Representative, immediately dismiss from
                    the Work any person employed thereon by him who may, in the
                    opinion of the Project Manager and Owner's Representative,
                    be incompetent or who engages in unlawful or disorderly
                    conduct, and such persons shall not be re-employed on the
                    Work without the prior written permission of the Project
                    Manager.

               ii   Contractor shall indemnify the Owner for loss suffered by
                    the Owner on

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               account of any act/omission/neglect of the Contractor's, workers,
               employees and Sub-contractors etc.

          iii  The Contractor shall comply with all safety standards to the
               satisfaction of the Owner's Representative.

          iv   The Contractor shall take full responsibility for the management
               & supervision of the Sub-contractors and the Nominated
               Sub-Contractors and the Contractor's Representative. The
               Contractor shall act as an independent contractor in the
               performance of its obligations under the Contract. The employees
               and the Sub-contractors utilised by the Contractor shall not be
               construed as the Owner's employees and shall work under the
               control and management of the Contractor who shall continue to be
               fully responsible for their acts. The Contractor shall be solely
               responsible for the payment of compensation and all statutory
               benefits of its employees and the employees shall be informed
               that they are not entitled to any of the Owner's employee
               benefits. The Contractor and not the Owner shall be solely
               responsible for payment of all statutory payments including
               without limitation, provident fund, workers' compensation,
               disability benefits and unemployment insurance or for withholding
               and paying employment taxes for the Employees. The employees and
               the Sub-contractors shall affirm they are not employees of the
               Owner for any purpose and that they shall not exercise any
               rights, seek or be entitled to any benefit accruing to the
               regular employees of the Owner.

          v    The Contractor shall ensure that all Sub-contractors engaged
               exercise all such skill, care and technical competence as
               represents a high standard within their respective professions or
               trades as is appropriate for the satisfactory execution of their
               work and services.

          vi   The Contractor shall not assign this Contract or any part of it.
               The Owner/ Owner's representative/ Architect/ Project Manager
               reserves the right to review and approve each Sub-contractor
               which the Contractor recommends at any time to engage to perform
               any services before such Sub-contractor is hired or performs any
               service.

          vii  The Contractor shall exercise constant and continuous supervision
               and control over the workmanship, materials, plant, machinery,
               equipment etc used in the Work and report on the status of the
               same to the Owner's Representative and the Project Manager.

          viii The Contractor will be responsible for obtaining all necessary
               permits, approvals, certificates and the like and submit the same
               to the Project Managers'

          ix   All the obligations and responsibilities of the Contractor under
               the Contract shall be subject to the satisfaction of the Owner's
               Representative.

          x    Any activity conducted or responsibility assumed by the Owner's
               Representative or the Project Manager shall not relieve the
               Contractor of any of its obligations and responsibilities under
               the Contract.

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          xi   The contractor shall observe sound and established engineering
               practices. The contractor shall use latest standards, codes and
               regulations, as applicable for the purpose specified and suitable
               for respective uses intended. The contractor must keep at site
               the latest IS codes for quick referencing. The contractor must
               keep at site the latest IS codes for quick referencing.

4.0  SITE:

     4.1  CONTRACTOR TO SATISFY ITSELF ABOUT SITE CONDITIONS:

          The Contractor represents that before tendering for the Work the
          Contractor has visited the Site and satisfied itself about the Site
          conditions for construction and for logistics and smooth flow of
          workmen and materials as well as permission from appropriate
          governmental authorities for this purpose. The Contractor has examined
          the Site and taken note of the correct dimensions of the Work, and
          facilities for obtaining any special articles called for in the
          Contract Documents. The Contractor has also made its own assessment
          and obtained all information on the Site constraints and on all
          matters that will affect the execution, continuation and progress, and
          completion of the Works. Any extra claims made in consequence of any
          misunderstanding, incorrect information on any of these points or on
          the grounds of insufficient description or information shall not be
          entertained or allowed at any stage.

     4.2  ACCESS TO SITE BY THE CONTRACTOR:

          The access to the Site will be given immediately on award of the
          Contract to the Contractor and the Site shall be shared with other
          Vendors and Sub-Contractors as applicable. The Contractor shall upon
          being given such access commence the Work and diligently proceed with
          the execution of the Work in accordance with the Contract Documents.
          Access to the Site by the Contractor shall be merely a licence for
          carrying out the construction of the Work under the Contract, and the
          Contractor shall not by his being allowed such entry on the Site,
          acquire any right, lien or interest either in the Work carried out by
          them under the Contract or anything appurtenant or attached thereto or
          to any part of the Site, and its claim will only be in the nature of
          money found due and payable to them in accordance with the payment
          certificates under the provisions contained herein. The Work shall be
          free from all liens, charges and claims of whatsoever nature from any
          party other than the Owner. The Owner shall have a lien over all work
          performed by the Contractor, Sub-Contractor's and Vendors and also for
          the materials and equipment brought on Site by them.

5.   TYPE OF CONTRACT:

          The Contract shall be an item rate Contract only to execute the
          project according to the actual measured quantities at the rates
          contained in the Schedule of Rates and probable quantities as provided
          in the Priced Bill of Quantities with detailed specifications. The
          Contractor shall be entitled to payment, in Indian Rupees, of no more
          than the Contract Price as stated in the Letter of Award, in
          consideration of the Work performed and completion of the Work. The
          Contractor understands and agrees that the amount payable is assessed
          on a re-measurable basis in accordance with the tendered rates.
          However, the Contract Price may be altered on account of a change
          order. The Contract Price shall include payment for the supply of all
          labour (including payment to his Sub-Contractors), equipment,
          materials, plant and machinery, tools, transportation, framework,
          scaffolding, construction of civil works and all applicable taxes
          including the WCT, duties, octroi,

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          levies, royalties, fees, insurance premiums, contributions towards
          employees benefits including ESI and PF and funds, distribution of
          power and water and all services and activities constituting the Scope
          of Work defined in the General Conditions of Contract. The Contract
          Price shall also include the Contractor's establishment,
          infrastructure, overheads and all other charges, and shall generally
          be inclusive of every cost and expense required by the Contract to be
          borne by the Contractor and necessary for the proper execution and
          successful completion of the Work under the Contract, in conformity
          with the Contract Documents and the best engineering and construction
          practices and to the satisfaction of the Architect, Project Manager,
          Owner's Representative and the Owner.

     No escalation of the prices shall be allowed during the period of the
     contract for any reasons whatsoever and the prices quoted by the Contractor
     shall be deemed to be fixed and constant throughout the duration of the
     project and Defects Liability Period.

6.   TAXES, DUTIES ETC.:

     As part of the Contract Price, the Contractor shall, in connection with the
     Work, include sales tax, octroi, all applicable duties, works contract tax
     and any other taxes including but not limited to sales tax on the Work,
     levies or royalties payable on the materials and equipment forming part of
     the Work, now or hereafter imposed, increased or modified from time to time
     and shall also include any other statutory obligations and no claims on
     this account shall be entertained or allowed at any stage subsequently. The
     Contractor shall co-operate with and render all necessary assistance to the
     Owner to enable the Owner to avail of Modvat facility and/or recovery of
     other indirect taxes, duties and the like. The contract price shall not
     include Vat & service tax. Works Contract Tax (WCT), wherever applicable,
     shall be deemed to be included in the price quoted by the contractor. The
     WCT shall be deducted by the Owner and deposited with the authorities. A
     copy of the receipt shall be made available to the contractor. In case the
     contractor is eligible for concessions/ rebates on the WCT, he shall submit
     all documentary proof to the Owner for claiming reduced deduction.

7.   NOTICES, FEES, BYE-LAWS, REGULATIONS, ETC.:

     The Contractor shall comply with all applicable laws and government acts
     including the by-laws or regulations of local authorities relating to the
     Work in so far as construction, fabrication and installation activities are
     concerned, and it shall obtain from the local authorities all permissions
     and approvals required for the plying of trucks, construction of machinery
     etc., and also for construction of temporary offices, labour camps, stores
     and other temporary structures in connection with the Work, and the
     Contractor shall give all notices and pay all fees and charges that are and
     that can be demanded by law thereunder. In the Contract Price for the Work,
     the Contractor shall allow for such compliance and work, and for the giving
     of all such notices, and shall include the payment of all such fees and
     charges. However, no title or proprietary interest of any kind shall be
     created in favour of the Contractor by virtue of erection of the temporary
     structures.

8.   LICENCES AND PERMITS:

     The Contractor shall directly obtain all licences and permits for the
     materials under Government control, and those required to be obtained by
     the Contractor for the execution of the Work. The Contract Price shall
     include all transportation charges and the other expenses that may be
     incurred in this connection.

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9.   ROYALTIES AND PATENT RIGHTS:

     All royalties or other sums payable by the Contractor in respect of the
     supply and use of any patented articles, processes or inventions for the
     carrying out of the Work as described by or referred to in the Contract
     Documents, shall be deemed to have been included in the Contract Price. The
     contractor shall keep the Owner indemnified against all such demands as may
     arise on account of payment of royalties.

10.  INSURANCE:

     10.1 INSURANCE POLICIES:

          Before commencing the execution of the Work, the Contractor, without
          limiting his obligations and responsibilities under this Contract
          shall insure in the joint names of the Contractor and Owner against
          his liability for any material or physical damage, loss or injury
          which may occur to any property, including that of the Owner/Project
          managers/Architects, Sub-Contractors, Vendors or to any person
          including any employee of the Owner/Project managers /Architect,
          Sub-Contractors, Vendors or a member of the general public, by or
          arising out of the execution of the Work or in carrying out the
          Contract. It shall be obligatory for the Contractor to obtain and
          retain for all relevant times the insurance cover (in the joint names
          of the Contractor and Owner) under the following policies:

     10.2 CONTRACTOR'S ALL RISK INSURANCE Policy to inter alia cover the
          following:

          i.   Entire contract value (Including the Contract Price plus 10% for
               the period of completion including Defects Liability Period

          ii   Third party insurance to cover for any damages to third party.
               This shall be up to the end of the Defects Liability Period and
               shall include any damage to the properties and/or injury
               including death to the persons of the general public and any one
               else deemed to be third party subject to individual claims not
               exceeding Rs 500,000/- limited to a maximum sum of Rs 5.0
               million.

          iii. Civil commotion, riots, war and other disturbances.

          Policy to cover Contractor's liability under Workmen's Compensation
          Act 1923, Minimum Wages Act 1948, Contract Labour (Regulation and
          Abolition) Act 1970 and other relevant Acts listed elsewhere. This
          shall be for the period up to Final Completion of the Work, including
          the Defects Liability Period.

          Insurance cover against damage or loss due to any reason in respect of
          materials equipment and/or work done. Limit of liability shall not be
          less than the value of such materials at any stage of the Contract,
          for the period of completion including Defects Liability Period.

          The Contractor shall insure against all such liabilities and shall
          continue such insurance during the currency of the Contract including
          the Defects Liability Period. Premium for all insurance policies shall
          be paid and borne by the Contractor and shall not be reimbursable.

          The Contractor shall produce to the Project Manager all certificates
          of insurance with in 7 (seven) days from the date of letter of
          intent/award. These certificates shall be fully executed and shall
          state that the policies cannot be cancelled until completion of the
          Contract.

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          The Contractor shall obtain written confirmation of similar
          certificates from all Sub-Contractors and thereby assume
          responsibility for any claims or losses to the Owner resulting from
          failure of any of the Sub-Contractors to obtain adequate insurance
          protection in connection with their work and shall indemnify the Owner
          accordingly.

     10.3 FAILURE TO INSURE:

          If the Contractor fails to comply with the terms of this clause, the
          Owner may effect the insurance and deduct the expenses from any moneys
          that may be or become payable to the Contractor or may, at his option,
          refuse payment of any certificate to the Contractor until the
          Contractor complies with this condition.

     10.4 NO LIMIT TO LIABILITY:

          In addition to the liability imposed by law upon the Contractor for
          injury (including death) to persons or damage to property by reason of
          the negligence of the Contractor or his agents, which liability is not
          impaired or otherwise affected hereby, the Contractor hereby assumes
          liability for and agrees to save the Owner harmless and indemnifies
          him from every expense, liability or payment by reason of any injury
          (including death) to persons or damage to property suffered through
          any act or omission of the Contractor, his employees, agents,
          servants, workmen, suppliers or any of his Sub-Contractors, or any
          person directly or indirectly employed by any of them or from the
          conditions of the Site or any part of the Site which is in the control
          of the Contractor or its employees or any of its Sub-Contractors, or
          any one directly or indirectly employed by either of them or arising
          in any way from the Work.

11.  CONTRACTOR'S SITE ORGANIZATION AND RESOURCES:

     11.1 CONTRACTOR'S REPRESENTATIVE AND SUPERVISORY STAFF.

          The Contractor shall at its cost provide and ensure continued
          effective supervision of the Work with the help of the Contractor's
          Representative, assisted by full time qualified, experienced and
          competent engineers, supervisors, Safety officers, Safety stewards and
          adequate staff, to the satisfaction of the Owner's Representative and
          the Project Manager for the entire duration of the Work. The
          Contractor shall submit its proposed site organization chart for the
          approval of the Owner's Representative and the Owner. The Contractor's
          Representative shall be on the Site at all times as the Work and the
          Project progresses and shall be responsible for carrying out the Work
          to the true meaning of the Drawings, Specifications, Conditions of
          Contract, Schedule of Rates, the other Contract Documents, and
          instructions and directions of the Owner's Representative and the
          Project Manager. The instructions and directions given in writing to
          the Contractor's Representative or to any of its assistants at the
          Site by the Owner's Representative or the Project Manager shall be
          deemed to given to the Contractor officially. Attention is called to
          the importance of the Contractor requesting written instruction from
          the Owner's Representative or the Project Manager before undertaking
          any Work where the Project Manager's and/or Owner's Representative
          direction or instructions are required. Any such Work done in advance
          of such instructions will be liable to be removed at the Contractor's
          expense and will not be paid for unless specifically approved in
          writing by the Project Manager and/or Owner's Representative, as the
          case may be.

          It shall be contractor's responsibility to provide written intimation
          to Owner's representative of the Project Manager, well in advance, all
          through the execution of

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          the project, if the work is likely to get disrupted or delayed due to
          non-issuance of drawings/ instructions.

          All key staff employed at the Site by the Contractor shall be
          considered essential to the performance of the Work and the Project
          Coordination Services, and all key staff shall be subject to the
          approval of the Owner's Representative. However such approval shall
          not relieve the Contractor of any of its Contractual obligations. No
          staff including the resident engineer and other technical supervisory
          staff shall be removed or transferred from the Work without the prior
          written permission of the Owner's Representative or Project Manager.
          The Owner's Representative and Project Manager shall, however, have
          the authority to order the removal from Site of any undesirable
          personnel from contractor's side due to their misconduct incompetence
          or negligence in the performance of their duties If key staff becomes
          unavailable for assignment to the Work or the Project Coordination
          Services for reasons beyond the Contractor's control, the Contractor
          shall immediately notify the Owner's Representative to evaluate the
          impact on the project. Prior to substitution or addition of any key
          staff, the Contractor shall obtain the Owner's Representative's
          written consent as to the acceptability of replacements or additions
          to such personnel. The Contractor shall at all times be fully
          responsible for the acts, omissions, defaults and neglect of all of
          its representatives, agents, servants, workmen and suppliers and those
          of its Sub-Contractors.

     11.2 MAN-POWER AND PLANT AND MACHINERY:

          The Contractor shall at its cost provide and install all equipment,
          materials plant, cranes, hoists, ladders, and scaffolding, necessary
          for the execution of the Work in conformity with the Contract
          Documents and to the satisfaction of the Owner's Representative and
          Project Manager. Also, all machines, tools, trucks, formwork material,
          man-power and every thing else necessary for the proper and
          satisfactory execution and completion of the Work in accordance with
          the Contract Documents shall be provided by the Contractor at its own
          cost. The Contractor shall within One week of the award of Contract
          submit a complete list of its manpower, plant and machinery for the
          approval of the Owner's Representative and Project Manager, which
          approval however, shall not relieve the Contractor of any of its
          responsibilities, obligations and liabilities under the Contract. The
          Contractor shall augment its manpower, plant and machinery without
          extra cost to the Owner whenever required or so directed by the
          Owner's Representative/Project Manager in order to conform to the
          approved construction programme for the achievement of milestones and
          Virtual Completion. All the tools, equipment and machinery provided by
          contractor for the execution of the project should be in perfect
          condition. Any fault or non-operation of the tools, equipment and
          machinery, shall be rectified immediately by the contractor and no
          time extension shall be allowed at all in the event of some fault of
          non-operation of tools, equipment and machinery.

     11.3 CONTRACTOR STORE, SITE OFFICES AND OTHER FACILITIES:

          A temporary store shall be constructed by the Contractor at a mutually
          agreeable space within the premises. In the event of store being on
          upper floor or in an area with basement, the floor loading and the
          stacking must be as per the Owner's representative or Project
          Manager's standards, specifications and guidelines. The contractor
          shall arrange for a site office for the tenure of the project with
          office furniture (desks, seats, filing) for the exclusive use of
          Project Manager and its staff, as per the layout and arrangements
          provided by Project Manager. The contractor shall, as per the
          requirements indicated by Project Manager, also be

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          responsible for providing a Signage board at the project site (of size
          as determined by Project Manager), which will indicate the Name of the
          project and project facilitators. For the projects requiring on-site
          testing facility, contractor shall also set up lab facility and
          install all necessary testing equipment, with valid calibration.

     11.4 SECURITY:

          The Contractor shall at its cost provide at all times adequate number
          of watchmen to guard the Site, materials and equipment, to the
          satisfaction of the Owner's Representative/ Project Manager. The
          Contractor shall at all times be fully responsible for the security of
          all materials and equipment on the Site, whether its own or those of
          any Sub-Contractor. Neither the Owner nor the Owner's representative/
          Project Manager shall be responsible for any loss due to theft, fire,
          accident or any other reasons, whatsoever. Additionally, the
          Contractor shall, within SEVEN days of the execution of the Contract,
          provide all necessary details of the security agency providing the
          watchmen for the written approval of the Project Manager.

     11.5 TELEPHONE:

          The contractor shall provide telephone line(s), as required, for the
          Client's representative/ Project Manager at site. With in three days
          after such telephone line, the Contractor shall provide one telephone
          instrument and one Fax instrument in good working condition for the
          Project Managers and maintain thereon up to end of the project work.
          All the charges for Telephone and consumables for Fax instrument shall
          be borne by the contractor till the end of the project.

     11.6 SURVEY EQUIPMENT:

          The Contractor will arrange at its own cost, the survey equipment, as
          and when requested by the Project Manager.

     11.7 SANITARY CONVENIENCE:

          The same shall be as per the Owner representative/ Project Manager's
          guidelines and as specifically stated under EHS guidelines. Separate
          arrangements shall be made for male and female workers.

     11.8 SCAFFOLDING, STAGING, GUARD RAILS, BARRICADES:

          The Contractor shall at its cost provide steel scaffolding, staging,
          guard rails, barricades and safety barriers around all openings and at
          all edges, temporary stairs and other temporary measures required
          during construction. The supports for the scaffolding, staging guard
          rails, barricades and safety barriers and temporary stairs shall be
          strong, adequate for the particular situations, tied together with
          horizontal pieces and braced properly. The temporary access to the
          various parts of the building under construction shall be rigid and
          strong enough to avoid any chance of mishaps. The entire scaffolding
          arrangement together with the staging, guard rails, barricades and
          safety barriers, and temporary stairs shall be to the approval of the
          Project Manager which approval shall not relieve the Contractor of any
          of its responsibilities, obligations and liabilities for safety and
          for timely completion of the Work. The use of wooden scaffolding on
          the Site is strictly forbidden.

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     11.9 SAFETY EQUIPMENT:

          The Contractor shall provide all the personal protective equipments
          like safety helmets, safety boots/shoes, protective clothing, etc., at
          their cost to the Owner's, Owner's Representatives, Project Manager's,
          Architect's & their team within three days from the letter of intent
          or award.

     11.10 TEMPORARY LIGHTING AND VENTILATION:

          The Contractor shall at its own cost, make necessary arrangements in
          respect of the provision of adequate lighting and ventilation (natural
          as well as artificial) at all places where its workmen are engaged for
          carrying out the Work in a proper, safe and satisfactory manner. The
          contractor shall also provide general lighting in common areas such as
          entrances, staircases, etc with minimum LUX level requirements besides
          illuminating the work places.

     11.11 PROTECTION OF ENVIRONMENT:

          The Contractor understands that the Site is free from pollutants at
          the time of access to the Site and commencement of the Work. The
          Contractor shall comply with all applicable environmental laws and
          regulations and shall ensure that the Site is and remains free from
          pollutants at the end of the Project. The Contractor shall ensure
          inter alia, that neither the soil nor the ground water is polluted or
          contaminated by fuels or lubricants emitted by machinery operated on
          the Site or by other dangerous or poisonous substances which are or
          are deemed to be hazardous to the environment. Notwithstanding the
          above, the Contractor shall comply with all the directions and
          decisions of the Project Manager in this regard and all applicable
          environmental legislations in relation to the same including obtaining
          statutory consents and approvals as may be required.

     11.12 FIRST AID EQUIPMENT:

          The Contractor shall establish a fully equipped and staffed first aid
          centre on the Site to deal with accidental injuries and workers
          health.

12   LABOUR REGULATIONS:

     12.1 REGULATIONS:

          The Contractor shall be wholly and solely responsible for full
          compliance with the provisions under all labour laws and/or
          regulations such as Payment of Wages Act 1948, Employees Liability Act
          1938, Workmen's Compensation Act 1923, Industrial Disputes Act 1947,
          the Maternity Benefit Act 1961, the Contract Labour (Regulation and
          Abolition) Act 1970 and the Factories Act 1948 or any modifications
          thereof or any other law relating thereto and rules there under
          introduced from time to time. The Contractor shall assume liability
          and shall indemnify the Owner from every expense, liability or payment
          by reason of the application of any labour law, act, rules or
          regulations existing or to be introduced at a future date during the
          term of the Contract. Insurance cover towards the above shall be
          effected by the Contractor as called for in clause 10. In general, in
          respect of all labour directly or indirectly employed in the Work for
          the performance of Contractor's part of the Contract, the Contractor
          shall comply with all the rules framed by the Government authorities
          concerned from time to time for protection of the health and welfare
          of the workers. The Contractor shall obtain a valid licence under the
          Contract Labour (R & A) Act 1970 and the Contract labour (Regulation
          and Abolition) Central Rules 1971 and under any

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          other applicable rules before the commencement of the Work and
          continue to have a valid licence until the completion of the Project.

     12.2 CHILD LABOUR:

          The Contractor shall not employ any labour less than 18 years of age
          on the job. If female labour is engaged, the Contractor shall make
          necessary provisions at its own expense for safeguarding and care of
          their children and keeping them clear of the Site. No children shall
          be permitted on the Site.

     12.3 PAYMENT OF WAGES:

          The Contractor shall pay to labour employed by him either directly or
          through Sub-Contractors wages not less than fair wages as defined in
          the relevant local labour regulations or as per the provisions of the
          Contract Labour (Regulation and Abolition) Act 1970 and the Contract
          Labour Regulation and Abolition of Central Rules 1971, wherever
          applicable. He shall also abide by the minimum wages and other
          regulations applicable to the labour engaged in the Work, as laid down
          by the concerned local authorities. The contractor shall, within, 7
          days of issuance of LOI, furnish a copy of the current minimum wages,
          as circulated by State or Central regulatory authorities, applicable
          to the region of the project, for all trades involved in its work.

     12.4 MODEL RULES:

          The Contractor shall at its own expense comply with or cause to be
          complied with, Model Rules for labour welfare framed by Government or
          other local bodies from time to time for the protection of health and
          for making sanitary arrangements, Malaria control, etc. for workers
          employed directly or indirectly on the Work and in the workers hutment
          area. In case the Contractor fails to make arrangements as aforesaid,
          the Owner shall be entitled to do so and recover the cost thereof from
          the Contractor.

     12.5 SAFETY CODES:

          In respect of all labour, directly or indirectly employed on the
          project for the performance and execution of the Contractor's Work
          under the Contract, the Contractor shall at its own expense arrange
          for all the safety provisions as listed in (i) Safety codes of
          C.P.W.D. and Bureau of Indian Standards, (ii) The Electricity Act,
          (iii) The Mines Act, and Regulations, Rules and Orders made there
          under and such other acts as applicable.

          Precautions as stated in the safety clause are the minimum necessary
          and shall not preclude the Contractor taking additional safety
          precautions as may be warranted for the particular type of work or
          situations. Also mere observance of these precautions shall not
          absolve the Contractor of its liability in case of loss or damage to
          property or injury to any person including but not limited to the
          Contractor's labour, the Owner's, Architect's, Owner's
          Representative's and Project Manager's representatives or any member
          of the public or resulting in the death of any of these.

          Protective gear such as safety helmets, boots, belts etc. shall be
          provided by the Contractor at its own cost to all its man-power at the
          Site. The Contractor shall impose such requirements on all
          Sub-Contractors and Vendors also. It shall be the responsibility of
          the Contractor to ensure that such protective gear is worn at all
          times by all personnel working at the Site during the term of the
          Project. The Owner

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          and Project Manager/Owner's Representative shall each have the right
          to stop any person not wearing such protective gear from working on
          the Site.

          In case the Contractor fails to make arrangements and provide
          necessary facilities as aforesaid, the Owner shall be entitled to do
          so and recover the costs thereof from the Contractor. The decision of
          the Owner's Representative in this regard shall be final and binding
          on the Contractor.

     12.6 SAFETY/SITE CONDITIONS

          -    The Contractor shall take full responsibility for the adequacy,
               stability and safety of all Site operations and ensure that the
               methods of carrying out the Work and the Project by the
               Contractor including its workmen, employees, Sub-Contractors and
               Vendors meet all the necessary safety standards and requirements
               of the EHS Plan. In order to fulfil this obligation the
               Contractor shall appoint a permanent safety officer for the Site.

          -    The Contractor shall institute and implement to the satisfaction
               of the Project Manager a construction safety programme,
               including:

               -    Preparing a Site-specific written safety programme
                    consistent with the EHS Plan, Indian law and best practices.
                    As a minimum, the programme shall require applicable safety
                    equipment for ail workers, use of barriers and barricades
                    around potentially dangerous areas, protection of workers
                    working under elevated conditions, accident reporting, first
                    aid provisions etc.

               -    Weekly safety reviews and 'risk assessments' shall be
                    carried out in conjunction with the Project Manager and the
                    Owner in order to identify potential safety hazards and to
                    mitigate against them.

               -    Attending weekly or as scheduled safety meetings at site
                    conducted by the site safety representative of project
                    manager

               -    The Contractor will be required to provide all personnel
                    entering the Site an Identity and safety rules card and
                    verbal explanation of the safety programme.

               -    Requiring all Sub-Contractors and other workers under the
                    responsibility of the Contractor (including the Vendors or
                    later phases of the construction of the Project) to adhere
                    to the written safety programme as per approved format.

     The Contractor has full responsibility for maintaining the Site in good and
     clean condition and removing all trash and debris on a daily basis to the
     satisfaction of the Project Manager. The Contractor is responsible for
     providing adequate sanitary facilities and maintaining them in a clean and
     healthy condition. If the Contractor fails to comply to the above the
     Project Manager will have the authority to get the same cleaned by an
     external agency and debit the same to the Contractor's account.

     If, by reason of any accident, or failure, or other event occurring to, in,
     or in connection with the Project, or any part thereof, either during the
     execution of the Work, or during the

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     Defects Liability Period, any remedial or other work is, in the opinion of
     Owner's Representative or the Project Manager urgently necessary for the
     implementation of the safety programme of the Project by the Contractor and
     the Contractor is unable or unwilling at once to do such work, the Owner's
     Representative or the Project Manager shall be entitled to employ and pay
     other persons to carry out such work as the Owner's Representative or the
     Project Manager may consider necessary. If the work or repair so done by
     the Owner's Representative or the Project Manager is work which, in the
     opinion of the Owner's Representative or the Project Manager, the
     Contractor is liable to do at its own cost, then all costs consequent
     thereon or incidental thereto shall be recoverable from the Contractor and
     may be deducted by the Owner's Representative or the Project Manager from
     any of the Retention Money (as defined in Schedule of fiscal aspects) and
     any moneys due or to become due to the Contractor and the Owner's
     Representative or the Project Manager shall notify the Contractor
     accordingly, provided that the Owner's Representative or the Project
     Manager shall, as soon after the occurrence of any such emergency as may be
     reasonably practicable, notify the Contractor thereof.

     The Contractor shall ensure that all operations by the Contractor, its
     workmen, employees, Sub-Contractors to complete the Project and the
     remedying of any defects therein shall, so far as compliance with the
     requirements of this Contract permit, be carried on so as not to interfere
     unnecessarily or improperly with:

          a)   the convenience of the public, or

          b)   the access to, use and occupation of public or private roads,
               railways and footpaths to or of properties whether in the
               possession of Owner or of any other person.

          c)   the Owner's operation and utilization of the facility at the
               Site; and

          d)   the Work of Vendors.

     If any hazardous or obnoxious materials (as defined by Indian law) are
     specified for use or are being used by Sub-Contractors or Vendors, the
     Contractor shall keep record of such material and forthwith give written
     notice to the Owner and shall ensure that the Sub-Contractors and Vendors,
     as applicable, use, store and dispose of such hazardous or obnoxious
     materials strictly in accordance with all applicable laws.

     12.7 ADDITIONAL SAFETY REGULATIONS:

          The Contractor shall continuously maintain adequate protection for the
          Work against fire and other hazards and shall protect the Owner's
          property from damage or loss during the performance of this Contract.
          The Contractor also shall adequately protect property adjacent to the
          Work.

          The Contractor shall take all necessary precautions for the safety of
          its employees, Subcontractors and the Vendors performing the Work and
          later phases of the Project and shall comply with all applicable
          safety laws and regulations to prevent accidents or injury to persons
          on, about, or adjacent to the Site.

          The Contractor shall be responsible for co-ordinating a safe working
          programme with the Owner's Representative. Such a programme shall
          include, and the Contractor shall be responsible for maintaining, the
          following safe working conditions and practices:

          -    All combustible material, food matter, garbage, scrap, and other
               debris generated during the performance of the Work shall be
               collected and

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               removed from the Site daily. Arrangements for scrap burning
               should be discussed with Owner's representative.

          -    An adequate number and type of fire extinguishers shall be
               provided at the Site for fire control and shall be
               kept/maintained in satisfactory and effective working condition,
               at all times.

     12.8 REQUIREMENT OF FIRE EXTINGUISHERS

          Each gas welding or burning, arc welding unit, tar pot, or open flame
          unit requires a fire extinguisher with it during operation.

     12.9 REQUIREMENT OF EQUIPMENT

          The availability of fire blankets is recommended. Other equipment
          related conditions are as follows:

          -    The Contractor shall use only safe equipment in good condition.
               The Contractor shall not use or permit to be used the Owner's
               equipment and the Owner shall not use the Contractor's equipment
               without prior written permission of the other.

          -    When working in an occupied building or area, the Contractor must
               before commencement of work familiarise itself with the hazards
               of that area, such as the location of flammable substances and
               toxic fumes.

          -    Materials and equipment intended for installation in the Work as
               well as the Owner's equipment and materials already in place are
               to be protected at all times from debris, weather, or any damage.
               The Contractor shall take all steps necessary to ensure the
               preservation condition of such equipment.

          -    The Contractor's materials, tools, and equipment shall be stored
               only in areas approved by the Owner for this purpose.

          -    Site access and parking by the Contractor's personnel shall be at
               locations designated by the Owner/ Project Manager. Only the
               Contractor's personnel necessary for the performance of the Work
               shall be permitted access to the Site. The Contractor and its
               employees and Sub-contractors shall adhere to all speed limits
               and traffic regulations at the Site.

          -    The Contractor and its employees and subcontractors shall
               strictly obey all "No Smoking" restrictions.

          -    The Contractor shall not operate or use or manipulate utilities
               at the Site without the Owner's prior written approval.

          -    No valves shall be turned off or on, or electrical disconnect
               switches operated except in an emergency. Any required utility
               "shut downs" will be scheduled and co-ordinated by the Owner's
               Representative.

          -    The Contractor shall make any requests for utility manipulation
               or "shut downs" in writing on least two (2) days' notice.

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     12.10 SAFETY WITH REGARD TO SITE AND HOUSEKEEPING:

          -    The use of intoxicants or unlawful drugs at the Site, in any
               degree, shall be strictly prohibited. The Contractor shall
               rigorously enforce this regulation.

          -    When overhead work is in progress in or around an occupied area,
               signs to denote such work prominently displaying "Overhead Work"
               shall be used or the area shall be protected by barricade.

          -    Dusty work, such as concrete breaking or demolition, in or near
               occupied areas, shall proceed only after wetting down the area
               and taking steps necessary to prevent dust from penetrating
               occupied areas and creating a nuisance.

          -    Care shall be taken not to block any door, passageway, safety
               exit, fire fighting equipment, or safety equipment with materials
               or equipment.

          -    Contractor shall maintain general cleanliness at site. All waste
               and debris shall be stored at designated place and disposed
               regularly.

          -    Materials must be piled, stacked, or stored in a neat and orderly
               manner. All stacking, whether inside or outside a building, shall
               be parallel to or at right angles to the building line or fence.

          -    When noisy operations of a prolonged nature are necessary in or
               near an occupied area, arrangements must be made with the Owner's
               Representative for scheduling to minimize any nuisance in the
               occupied area.

     12.11 NON-COMPLIANCE OF REGULATIONS

          If the Project Manager or the Owner's Representative notifies the
          Contractor of non-compliance with the foregoing regulations, the
          Contractor shall immediately, if so directed, or in any event not more
          than eighteen (18) hours after receipt of such notice, make all
          reasonable efforts to correct such non-compliance. If the Contractor
          fails to do so, the Owner may suspend all or any part of the Work.
          When the Contractor has undertaken satisfactory corrective action,
          Owner shall lift the suspension of the Work. The Contractor shall not
          claim any extension of time to complete the Work or additional fees
          due to any such work suspension.

     12.12 IMPLEMENTATION OF SAFETY MEASURES

          Notwithstanding anything herein before contained, particularly in
          clause 12.5, 12.6 and 12.7, the Contractor shall be liable to ensure
          and implement all safety measures, whether or not statutorily
          prescribed, to safeguard, preserve and protect the life, health and
          welfare of every workman employed/deployed/engaged directly or
          indirectly by the Contractor on the Site and in relation to or
          connected with the Work and all Vendors employed in later phases of
          the Project in addition to installing, providing every prescribed
          safety and protective equipment, clothing etc., and the mere absence
          of any reference to or specification of a particular statute or rule
          or regulation in this Contract shall not absolve the Contractor of an
          obligation to comply with every such law, rule or regulation. The
          obligations stipulated in clauses 12.5, 12.6 and 12.7 shall not in any
          manner be deemed to limit or restrict any obligation or duty that any
          law, rule

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          or regulation may otherwise impose upon the Contractor. The Contractor
          shall be liable for all consequences/liabilities arising out of its
          violating any of the aforesaid provisions, including fines, penalties,
          compensations, damages, prosecutions, proceedings, medical expenditure
          and costs, rehabilitation costs and all other expenses connected
          therewith.

13.  CONTRIBUTION TOWARDS EMPLOYEE BENEFITS, FUNDS ETC.:

     The Contractor shall include in the Contract Price all expenses necessary
     to meet its obligations for making contributions toward employee benefits
     funds (Such as provident fund, ESI benefits, old age pension and/or any
     other benefits/compensation legally payable) in compliance with all the
     statutory regulations and requirements. All records in this connection
     shall be properly maintained by the Contractor and produced for scrutiny by
     the concerned authorities, the Project Manager and the Owner whenever
     called for.

     It is expressly understood by and between the Parties that strict
     compliance of all the applicable statutes shall be the responsibility of
     the Contractor and any damages, penalties levied on Owner for the laxities
     or non-compliances on the part of Contractor shall be recovered from the
     Contract Price payable. The Contractor shall strictly comply with all the
     statues and furnish documentary evidence to that effect as and when called
     upon by the Owner or the Project Manager

     The Contractor shall indemnify and keep the Owner indemnified against any
     loss, damage, action, claims, costs and expenses that Owner may suffer or
     sustain on account of any breach or default, by the Contractor in
     performance of their obligations under the Labour laws.

14.  SETTING OUT AND SITE SURVEYS:

     The Contractor shall establish, maintain and assume responsibility for all
     bench marks and grid lines, and all other levels, lines, dimensions and
     grades that are necessary for the execution of the Work, in conformity with
     the Contract Documents. The Contractor shall establish its relation to the
     permanent benchmarks and boundary lines established at the Site. The
     Contractor shall verify and co-relate all the survey data available at the
     Site before commencing the Work and shall immediately report in writing any
     errors or inconsistencies to the Project Manager. Commencement of Work by
     the Contractor shall be regarded as its acceptance of the correctness of
     all survey and setting out data available at the Site and no claims shall
     be entertained or allowed in respect of any errors or discrepancies found
     at a later date. If at any time error in this regard appears during its
     progress of the Work, the Contractor shall at its own expense rectify such
     error to the satisfaction of the Project Manager

     The approval by the Project Manager of the setting out by the Contractor
     shall not relieve the Contractor of any of the responsibilities,
     obligations, and liabilities under the Contract.

     The Contractor shall be entirely and exclusively responsible for the
     horizontal, vertical and other alignment for all levels and dimensions and
     for the correctness of every part of the Work, and he shall rectify
     effectively any errors or imperfections therein. All such rectifications
     shall be carried out by the Contractor at its own cost and to the
     instructions and satisfaction of the Project Manager

     The Contractor shall employ qualified surveyors to carry out all the
     surveys and setting out works.

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15.  DRAWINGS, SPECIFICATIONS, INTERPRETATIONS ETC.:

     Within 7 days after the issue of Letter of Intent or award, the Contractor
     shall be furnished by the Project Manager and/or Owner's Representative
     with one copy each of the Conditions of Contract, Specifications, and
     Schedule of Rates, without cost to contractor for its own use and for the
     use of its Sub-Contractors until the completion of the Contract. Additional
     copies of Contract Documents will be supplied on payment at actual cost
     basis. Three copies of working drawings shall be provided by the Architect
     through Project Manager to the Contractor as the Work progresses. The
     timing of the provision of drawings shall be mutually agreed between the
     Contractor and Owner's Representative/Project Manager/Architect in
     conformity with the construction programme and with due regard for the need
     to order and specify materials and equipment to the Site. Additional copies
     of construction status drawings will be supplied on payment at actual cost
     basis.

     In general, the Drawings shall indicate the dimensions, positions and type
     of construction, the Specifications shall stipulate the quality and the
     methods and performance criteria, and the Schedule of Rates shall indicate
     the rates for each item of work for evaluating change orders. However, the
     above Contract Documents being complementary, what is called for by any one
     shall be binding as if called for by all.

     Matters not contained in the specifications and in case of any ambiguities
     in written specifications of the contract, the works shall be executed as
     per relevant BIS codes and CPWD specifications in that order of preference.
     If such codes have not been framed, the decision of the Architect shall be
     final.

     Any work indicated on the Drawings and not mentioned in the Specifications
     or vice versa, shall be deemed as though fully set forth in each. Work not
     specifically detailed, called for, marked or specified, shall be the same
     as similar parts that are detailed, marked or specified.

     From time to time during the progress of the Work, the Contractor will be
     issued with revisions of Drawings and written instructions by the Project
     Manager in connection with and necessary for the proper execution and
     successful completion of the Work. All such revisions of Drawings and
     written instructions shall be part of the Contract Documents and the
     Contractor shall be bound to carry out the work that is shown and detailed
     on all such Drawings and shall be bound to follow and comply with all such
     instructions.

     All Drawings and their subsequent revisions will be issued to the
     Contractor via listing on transmittals by the Project Manager. The
     Contractor shall maintain a Drawing register listing all Drawings and their
     latest revisions. All superseded Drawings shall be so stamped and withdrawn
     from circulation at the Site. It shall be the responsibility of the
     Contractor to ascertain and ensure that all the Work is carried out in
     accordance with the latest revisions of the Drawings issued to him. Should
     the Contractor fail to do this, all the rectifications and remedial work
     that may be required to conform to the latest revisions of the Drawings
     shall be at the Contractor's expense.

     Wherever it is mentioned in the Conditions of Contract, Specifications, and
     other Contract Documents that the Contractor shall perform certain work or
     provide certain facilities, it is understood that the Contractor shall do
     so at its own cost, unless otherwise provided in the Documents.

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     The Contractor shall immediately in writing bring any errors or
     inconsistencies in the Drawings and Specifications to the attention of the
     Project Manager for interpretation or correction before proceeding with the
     affected portion of the Work, and no claims or losses alleged to have been
     caused by such discrepancies shall be entertained or allowed at any stage.
     Local conditions which may affect the Work shall likewise be brought to the
     Project Manager's attention at once. If at any time it is discovered that
     work, which has been done or is being done is not in accordance with the
     approved Drawings and Specifications, the Contractor shall correct the work
     immediately. Correction of such work shall be at the expense of the
     Contractor and shall not form a basis for any claims for payment or
     extension of time. The Contractor shall carry out all the rectification
     work only after obtaining approval for the same from the Project Manager

     The Contractor, in the execution of the Work, shall make no deviations from
     the Drawings, Specifications, and other Contract Documents. Interpretations
     and clarifications shall be issued by the Project Manager.

     No scaling of any Drawing shall be done to obtain the dimensions. Figured
     dimensions on the Drawings shall be used for carrying out the Work.
     Drawings with large scale details shall take precedence over small scale
     Drawings. Where any Drawings and details have not been provided but are
     necessary for the execution of the Work, it shall be the responsibility of
     the Contractor to seek these drawings and details in writing from the
     Project Manager at least four weeks prior to the latest date by which the
     Contractor needs these drawings and details to suit the programmed
     execution of the Work. No extension of time shall be allowed for any delays
     caused due to the Contractor's failure to seek such details.

     Drawings, Schedule of Rates, Specifications, and other Contract Documents,
     and all copies thereof furnished by the Project Manager shall become the
     Owner's property. They shall not be used on any other work and shall be
     returned to the Owner at its request or at the completion of the Contract.

16.  WATER AND ELECTRICITY:

     Provision of water shall be in the scope of the contractor and he is to
     make provision for supply of the required quantity of water at his own
     cost. Provision of Electricity shall also be in the scope of the civil
     contractor. General area lighting shall also be provided by the civil
     contractor.

17.  ASSIGNMENT AND SUB-LETTING:

     The Contractor shall not assign this Contract. The Contractor may, however,
     subcontract any part of the Work with the prior written consent of the
     Project Manager and the Owner's Representative. Any permission to
     sub-contract parts of the Work shall not relieve the Contractor from any of
     its responsibilities, obligations, and liabilities under this Contract.

18.  SUB-CONTRACTORS:

     As soon as practicable, but at LEAST ONE WEEK before awarding any
     sub-contract, the Contractor shall submit to the Architect, Project Manager
     and the Owner's Representative in writing the names of the Sub-Contractors
     proposed for any part of the Work, for the approval of the Architect,
     Project Manager and the Owner's Representative. The Contractor shall employ
     such Sub-Contractors only after he has

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     received confirmation in writing of such approval from the Project Manager
     and the Owner's Representative. Such approval, however, shall not relieve
     the Contractor of any of its responsibilities, obligations and liabilities
     under the Contract. The Contractor shall be responsible for the acts,
     defaults and neglect of all Sub-Contractors and their agents, servants and
     workmen. The Contractor shall not employ any Sub-Contractor to whom the
     Project Manager or the Owner's Representative object and/or does not
     approve. The Architect may by written instruction inform the Contractor,
     waiving the need for the Architect to specifically approve the
     Sub-Contractors in addition to the approval of the Project Manager.

19.  SEPARATE CONTRACTS:

     The Owner reserves the right to let other contracts in connection with the
     Project. The Contractor shall afford other contractors reasonable
     opportunity for their access to the Site, for the storage of their
     materials, and for the execution of their work, or if specified give
     assistance to such contractors for such purposes as are specified. The
     Contractor shall properly connect and co-ordinate its Work with that of the
     other contractors that may be employed or engaged by the Owner. If any part
     of the Contractor's Work depends for proper execution or results upon the
     work of any other contractor, the Contractor shall inspect and promptly
     report in writing to the Project Manager, any defects in such work that
     render it unsuitable for such proper execution and results. The
     Contractor's failure to do inspect and report shall constitute an
     acceptance of the other contractor's work as fit and proper for receiving
     the work of the Contractor.

20.  CO-ORDINATION OF WORK:

     At the commencement of the Work, and from time to time, the Contractor
     shall co-operate with other contractors, Sub-Contractors, persons engaged
     on separate contracts in connection with the Project, Vendors and the
     Project Manager and with the Owner's Representative for the purpose of the
     co-ordination and execution of various phases of the Project. The
     Contractor shall determine and ascertain from the Vendors and persons
     engaged on separate contracts, in connection with the Project, the extent
     of all chasings, cutting and forming of all openings, holes, details of all
     inserts, sleeves, etc. that are required to accommodate the various
     services.

     The Contractor shall determine and ascertain the routes of all services and
     positions of all floor and wall openings, outlets, traps, the details of
     all inserts, equipment and services and shall carry out the construction
     and making good of all "builder's work" in accordance with and as shown,
     described and/or measured in the drawings, Specifications, and other
     Contract Documents. Also, the Contractor shall ensure that all required
     services, inserts, sleeves, embedment etc. are in place/position before he
     proceeds with its work. Should the Contractor fail to comply with these
     requirements and the consequence of such failure necessitates the breaking,
     re-doing and making good of any work, then the cost of all such breaking,
     re-doing and making good of any work shall be to the account of the
     Contractor and shall be borne by him. No breaking and cutting of completed
     work shall be done unless specifically authorised in writing by the Project
     Manager. No work shall be done over broken or patched work without first
     ascertaining that the broken surface is adequately prepared and reinforced
     to receive and hold further work, as determined by the Project Manager.

     In order to ensure proper co-ordination is being undertaken, weekly
     meetings, chaired by the Project Manager, will be held with the various
     contractors and at which co-ordination will be discussed and minutes of
     actions proposed circulated.

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21.  OVERTIME WORK:

     If it is necessary for the Contractor or any Sub-Contractor to work on
     other than working days or outside the normal working hours in order to
     keep up to the time schedule and meet the Construction Programme, the
     Contractor shall obtain the prior approval of the Project Manager in
     writing, which approval shall not be unreasonably withheld. The additional
     cost of wages and any other costs incurred as a result of overtime or any
     shift work shall be borne by the Contractor.

22.  MATERIALS, WORKMANSHIP, STORAGE, INSPECTIONS ETC.:

     22.1 MATERIALS AND WORKMANSHIP:

          The Contractor shall be responsible for the establishment of a full
          and comprehensive quality control system for the Work. The system
          shall include, but not be limited to, the means of controlling the
          testing and receipt of materials, the inspection of the Work, the
          filing and ordering of drawings and correspondence and the duties and
          responsibilities of staff members.

          All materials and equipment to be incorporated in the Work shall be
          new. The materials, equipment, and workmanship shall be of the best
          quality of the specified type, in conformity with Contract Documents
          and the best engineering and construction practices, comply with the
          specifications and to the entire satisfaction of Project Manager. This
          requirement shall be strictly enforced at all times and stages of the
          Work and no request for change whatsoever shall be entertained on the
          grounds of anything to the contrary being the prevailing practice. The
          Contractor shall immediately remove from the Work any materials,
          equipment and/or workmanship which, in the opinion of the Project
          Manager are defective or unsuitable or not in conformity with the
          Contract Documents and best engineering and construction practices,
          and the Contractor shall replace such rejected materials, equipment
          and/or workmanship with proper, specified, and required and approved
          materials, equipment and/or workmanship, all at its own cost within a
          period of seven (7) days from the date of issuance of such notice.

          The Contractor shall, whenever required to do so by the Project
          Manager immediately submit satisfactory evidence and necessary test
          results as to the kind and quality of the materials and equipment.

     22.2 SPECIAL MAKES OR BRANDS:

          Where special makes or brands are called for, they are mentioned as a
          standard. Others of equivalent quality may be used provided the
          substituted materials as being equivalent to the brand specified, and
          prior approval for the use of such substituted materials is obtained
          in writing from the Project Manager's. Unless substitutions are
          approved by the Project Manager's in writing in advance, no deviations
          from the Specifications and other Contract Documents shall be
          permitted, the Contractor shall indicate and submit written evidence
          of those materials or equipment called for in the Specifications and
          other Contract Documents that are not obtainable for incorporation in
          the Work within the time limit of the Contract. Failure to indicate
          this in writing within two weeks of the signing of the Contract will
          be deemed sufficient cause for denial of any request for an extension
          of time because of the same.

          Alternative equivalent brands if suggested by the Contractor during
          construction may be considered provided the suggested brand fully
          meets the requirements and

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          is acceptable to the Project Manager's. Any variation in price due to
          the use of alternate brands shall be permissible provided it is
          pre-approved in writing by the Owner's Representative's.

     22.3 PROPER SCHEDULING AND DELIVERY OF MATERIALS:

          All materials and equipment shall be scheduled and delivered so as to
          ensure a speedy and uninterrupted progress of the Work, and the same
          shall be properly stored.

     22.4 LIST OF MATERIALS:

          Within seven (7) days of the signing of the Contract, the Contractor
          shall submit for the approval of the Project manager's a complete list
          of all materials and equipment the Contractor and its Sub-Contractors
          propose to use in the Work, of definite brands or makes, which differ
          in any respect from those specified, or the particular brand where
          more than one is specified as standard. The Contractor shall also list
          items not specifically mentioned in the Contract Documents but which
          are reasonably inferred and are necessary for the proper execution and
          successful completion of the Work.

     22.5 STORAGE OF MATERIALS AND EQUIPMENT AT SITE

          The Contractor shall, at its own cost, provide adequate storage sheds
          and yards at the Site, at locations pre-approved by the Project
          Manager, for all materials and equipment that are to be incorporated
          in the Work. This shall be for all the materials and equipment,
          supplied by the Contractor or any Sub-Contractor. In addition to being
          water-tight and weather-proof, the storage facilities shall be of such
          a manner that all the materials and equipment are adequately protected
          in every way from any deterioration or contamination or damage
          whatsoever, and to the complete satisfaction of the Project Manager.
          The method of storing of all the materials and equipment shall be in
          conformity with the Specifications and/or to the directions and
          instructions of the Project Manager. At no time shall any material or
          equipment be stored in open or in contact with the ground. Should any
          of the materials or equipment deteriorate or be contaminated or
          damaged in any way due to improper storage or for any other reason
          then such materials and equipment shall not be incorporated in the
          Work and shall be removed forthwith from the Site and the replacement
          of all such materials and equipment shall be entirely at the cost and
          expense of the Contractor. The Contractor shall be responsible for
          also providing, at its own cost, proper and adequate security for all
          the materials and equipment stored at the Site so as to prevent any
          theft, pilferage etc., and the Contractor shall be responsible and
          liable for all the matters in connection with such security or the
          lack thereof. Where, after permission has been sought and obtained
          from the Project Manager, any material or equipment is kept on any
          portion of the structure, this shall be done in such a manner as to
          prevent any overloading whatsoever of the structure, to the complete
          satisfaction. The cost associated with any damage to any portion of
          the structure in this respect shall be to the account of the
          Contractor and shall be borne by him.

          Should delays be caused on account of removal and replacement of any
          materials or equipment or on account of any lack of security, the
          Contractor shall not be entitled to any extension of time or increase
          in the Contract Price.

          Wherever applicable the storage of materials shall be in accordance
          with the relevant Indian Standard Specifications.

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     22.6 RIGHT TYPE OF WORKMEN, PLANT AND MACHINERY, JIGS, TOOLS, ETC.:

          The Contractor shall employ the right type of workmen, plant and
          machinery, jigs, tools etc. to fabricate and/or install all materials
          and equipment. They shall be fabricated and/or installed without any
          damage and in accordance with the manufacturer's instructions and
          manuals, and to the satisfaction of the Project Manager.

     22.7 INSPECTION:

          All materials, equipment, and workmanship shall be subject to
          inspection, examination and testing at all times and stages during
          construction, manufacture and/or installation, by the Project Manager
          and they shall have the right to reject and order the removal and
          replacement of any defective material, equipment and / or workmanship
          or require its correction and rectification. The Contractor shall not
          proceed with any operation or sequence or trade of the Work until the
          previous operation or sequence or trade has been inspected and
          approved by the Project Manager. No embedded items or any other work
          shall be covered up unless these have been inspected and approved by
          the Project Manager. The onus shall be on the Contractor to get such
          inspections carried out and obtain such approvals. Should the
          Contractor fail to comply with these requirements, then all additional
          or redoing of work necessitated as a consequence thereof shall be at
          the Contractor's cost and expense. No inspection or approval shall
          relieve the Contractor of any of its responsibilities, obligations and
          liabilities under the Contract. No defective workmanship shall be
          repaired or patched up in any way without inspection and direction of
          the Project Manager.

          Rejected workmanship shall be immediately corrected and rectified and
          rejected materials and equipment shall be removed and replaced with
          proper, specified and required materials and equipment, by the
          Contractor to the approval and satisfaction of the Project manager.
          The cost of all such correction and rectification and such removal and
          replacement shall be to the account of the Contractor and shall be
          borne by him, and also, the Contractor shall be responsible for all
          delays in this regard. The Contractor shall promptly segregate and
          remove the rejected materials and equipment from the Site and shall
          not reuse them in the Work. If the Contractor fails to proceed at once
          with the correction and rectification of rejected workmanship and/or
          the removal and replacement of rejected materials and equipment, the
          Owner shall have the right to employ other persons / agencies to
          correct and rectify such workmanship and/or remove and replace such
          materials and equipment, and recover the cost thereof from the
          Contractor, or the Owner may terminate the right of the Contractor to
          proceed further with the Work.

          The Contractor shall furnish promptly and without any charge, all
          facilities, access, labour, materials, plant and tools required and
          necessary for enabling the Project Manager, to carry out inspections
          and tests in a safe and convenient manner. The Contractor shall
          ascertain and ensure that the facilities and access provided for the
          carrying out of all inspections are completely safe in every respect
          and the Contractor shall be fully responsible and liable for all
          matters in connection with such safety.

     22.8 TESTING:

          All the tests on materials, equipment, and workmanship that shall be
          necessary in connection with the execution of the Work, as decided by
          the Project Manager and

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          as called for in the Contract Documents, shall be carried out at the
          cost of the Contractor at the place of work or of manufacture or
          fabrication or at the Site or at an approved testing laboratory or at
          all or any such places. The Contractor shall provide all
          transportation, assistance, instruments, machines, labour and
          materials as are required for the examining, measuring and testing as
          described above, and all expenses connected with the tests as
          described above shall be borne by the Contractor.

     22.9 CERTIFICATES:

          The Contractor shall furnish, at its own cost, test certificates for
          the various materials and equipment as called for. Such test
          certificates shall be from the manufacturer for the particular
          consignment/lot/piece and shall be duly authenticated by respective
          consultants. The details in respect of the test certificates shall be
          as decided by the Project Manager (in consultation with consultants)
          for the relevant items.

23.  CONSTRUCTION DOCUMENTATION:

     23.1 The contractor shall have a well established system for all kinds of
          construction documentation generated on the project. Project Manager
          shall conduct an alignment session with contractor at the time of
          kick-off meeting, explaining the contractor about the Standardized
          procedures to be adopted for specific documentation like Technical
          Submittals, Request for Information, Non-conformance notices, Change
          requests, Site Instructions, Invoicing procedures, Construction
          start-up, Schedules, Drawings, and all other procedures as indicated
          by Project Manager. The contractor shall be responsible to follow
          those procedures, wherever applicable to them, for the execution of
          work. Immediately after the contract award, Project Manager shall
          arrange for a Kick-off meeting and contractor shall be bound to fulfil
          all the requirements mentioned in that meeting.

     23.2 After the award of the Contract, the Contractor shall furnish for the
          approval of the Architect, all samples of materials and shop drawings
          called for in Contract Documents or required by the Project Manager,
          which are required for immediate start of work. During the project
          execution, the material samples shall be submitted well in advance of
          the upcoming activity. The samples and shop drawings shall be
          delivered as directed by the Project Manager. No extra payment shall
          be due to the Contractor for submission of material sample and
          preparation of shop drawings. A schedule giving dates of the
          submission of samples and shop drawings shall be included in the time
          schedule. Samples / materials approved by the Project Manager/
          Architect/ Consultant, shall be kept at Site under safe custody of
          Contractor and on completion of the Work handed over to the Owner.

     23.3 The Contractor shall during the course of execution, prepare and keep
          updated a complete set of "as-on-date as built drawings" reflecting
          current status of construction, marked with each and every change from
          the Contract drawings.

     23.4 Agreed upon number of sets of "as built" drawings shall be supplied to
          the Project Manager upon completion of project, along with a soft copy
          of the drawings in AutoCAD format (specified version) at no extra cost
          to the owner.

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24.  CONSTRUCTION PROGRAMME, SCHEDULES AND PROGRESS REPORTS:

     24.1 CONSTRUCTION PROGRAMME:

          -    Every contractor should furnish along with its tender an overall
               construction programme utilizing a known CPM software package
               like Microsoft Project, latest version. The construction
               programme shall clearly show all the sequential activities of
               work required to be carried out from the commencement of the Work
               up to the Virtual Completion. Work associated with each of the
               packages works shall be clearly identifiable.

          -    The construction programme shall be based on the required
               milestones as per the enclosed bar chart.

          -    The Tenderers proposed construction programme and payment
               milestones shall elaborate in detail on relevant milestones and
               comment on Construction Programme enclosed.

          -    Every week, or sooner if required by the Project Manager, the
               approved programme charts shall be reviewed in relation to the
               actual progress of the Work, and shall be updated as necessary.
               If at any time it appears to the Project Manager that the actual
               progress of the Work does not conform to the approved programme,
               the Contractor shall produce, at its expense and without
               reimbursement therefore, a revised programme showing the
               modifications to the approved programme and the additional input
               of resources by the Contractor necessary to ensure completion of
               the Work within the time stipulated for completion.

          -    The submission to and approval by the Project Manager of such
               programmes or the furnishing of such particulars shall not
               relieve the Contractor of any of its responsibilities,
               obligations and liabilities under the Contract.

     24.2 CONSTRUCTION SCHEDULES:

          Along with the construction programme described in Clause 24.1, the
          Contractor shall also submit the following schedules:

               -    Manpower Schedule

               -    Plant and Equipment Schedule

               -    Materials Schedule (including status and mobilisation
                    programme)

               -    Material samples Schedule

               -    Shop drawings Schedule (including status and delivery)

     24.3 DAILY SITE REPORTS:

          The Contractor shall throughout the contract period, submit daily site
          reports to the Project Manager and the Owner's Representative. The
          reports will include, but not be limited to:

               -    Record of the Site progress

               -    Number of employees on the Site

               -    Number of men employed on individual trades

               -    Plant and machinery at site (including an indication as to
                    whether the plant is working or standing)

               -    Notification of accidents

               -    Events influencing the progress of the Work

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     24.4 EMPLOYEE RECORDS

          The records should include all staff employed by the Contractor as
          Sub-contractors.

     24.5 SITE REGISTER:

          The Contractor shall maintain a site register that records the name
          and time of arrival and departure, at Site, of any visitors and entry
          of material.

     24.6 PROGRESS REPORTS:

          At the end of each fortnight the Contractor shall submit a fortnightly
          progress report in a format agreed with the Project Manager. The
          reports shall include 2 sets of progress photographs taken from
          pre-determined locations, which illustrate the progression of the
          Work.

     24.7 MEETINGS:

          The designated Site In-charge from contractor's side will attend and
          participate in the weekly progress review meetings, schedule review
          meetings and any other meetings convened by Project Manager,
          Architect/ Consultant or Owner where their presence is required, as
          determined by Owner or Project Manager. The designated site safety
          in-charge of contractor shall attend all safety meetings conducted at
          job site and also participate in Weekly progress meetings, as required
          by Project Manager.

25.  BUREAU OF INDIAN STANDARDS:

     25.1 INDIAN STANDARDS SPECIFICATIONS

          A reference made to any Indian Standards Specifications in the
          Contract Documents shall imply reference to the latest version of that
          Standard, including such revisions/amendments as may be issued, during
          the currency of the Contract, by the Bureau of Indian Standards and
          the corresponding clause/s therein shall hold valid in place of those
          referred to. The Contractor shall keep copies at the Site of all
          latest publications of relevant Indian Standard Specifications
          applicable to the Work at the Site, as listed in the Specifications.

     25.2 AMENDMENTS TO BIS

          Amendments to BIS codes announced after finalization of the Contract
          shall be followed.

     25.3 TOLERANCES:

          In case work does not conform to the dimensions and limits of
          tolerances specified in the Contract Documents and/or the Indian
          Standard Specifications the contractor shall be liable for all costs
          and expenses incurred for rectifications and/or replacements of any
          other Contractor's and/or Sub-Contractor's work required, in
          accordance with the directions of the Project Manager, for the proper
          installation of the finishing elements and/or equipment, and/or for
          structural purposes. The Project manager decision in this respect
          shall be final and binding on the Contractors and Sub-Contractors, and
          all such costs and expenses shall be recovered from the pertinent
          Contractors and Sub-Contractors and shall be deducted by the Owner
          from any money that may be payable or that may become payable under
          the Contract to such pertinent Contractors and Sub-Contractors for and
          on behalf of the Contractor.

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26.  PROTECTION OF WORKS:

     26.1 The Contractor shall take full responsibility for the proper care and
          protection of the work carried out in respect of the Project from
          commencement until completion and handing over of the Project to the
          Project Manager. The Contractor shall protect and preserve the work
          carried out in respect of the Project in every way from any damage,
          fire or accident, including by providing temporary roofs, boxing or
          other construction as required by the Project Manager. This protection
          shall be provided for all property on the Site as well as adjacent to
          the Site. The Contractor shall adequately protect, to the satisfaction
          of the Project Manager, all the items of finishing work to prevent any
          chipping, cracking, breaking of edges or any damage of any kind
          whatsoever and to prevent such work from getting marked or stained or
          dirty. Should the Contractor fail to protect the work in respect of
          the Project or any part thereof and should any damage be caused to the
          same, the Contractor shall be responsible for all replacement and
          rectification, as directed by the Project Manager, and all costs and
          expenses in connection with such replacement and rectification shall
          be to the account of the Contractor and shall be borne by it

     26.2 The Contractor shall in connection with the Work provide and maintain
          at its own cost all lights, security guards, fencing and anything else
          necessary for the protection of the Work and for the safety of the
          public and every one associated with the Work, all to the approval and
          satisfaction of the Project Manager.

     26.3 All operations necessary for the execution of the Work shall be
          carried out so as not to interfere with the convenience of the public,
          or with the traffic, or the access to, use and occupation of public or
          private roads and footpaths or of properties whether in the possession
          of the Owner or of any other person. The Contractor shall save
          harmless and indemnify the Owner in respect of all claims,
          proceedings, damages, costs, charges, and expenses whatsoever arising
          out of or in relation to any such matters.

27.  CLEANING OF WORKS AND CLEARING OF SITE:

     27.1 The Contractor shall maintain the Site and all Work thereon in neat,
          clean and tidy-conditions at all times. The Contractor shall remove
          all rubbish and debris from the Site on daily basis and as directed by
          the Project Manager. Suitable steel skips shall be provided at
          strategic locations around the Site to receive waste and packaging
          materials.

     27.2 Just prior to the Virtual Completion of the Work, or whenever so
          directed by the Project Manager, the Contractor shall carry out all
          the work necessary to ensure that the Site is clear and the Work are
          clean in every respect, the surplus materials, debris, sheds and all
          other temporary structures are removed from the Site, all plant and
          machinery of the Contractor are removed from site, the areas under
          floors are cleared of rubbish, the gutters and drains are cleared, the
          doors and sashes are eased, the locks and fastenings are oiled, all
          electrical, plumbing and other services are tested and commissioned,
          the keys are clearly labelled and handed to the Project Manager, so
          that at the time of Virtual Completion the whole Site and the Work are
          left fit for immediate occupation and use, to the approval and
          satisfaction of the Project Manager, and the Owner's Representative.

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     27.3 Should the Contractor fail to comply with the cleaning requirements,
          whether progressively or before completion, or fail to clear the Site
          as directed and required, then the Project Manager, after giving due
          notice in writing to the Contractor, shall have the right to employ
          other persons or agencies to carry out the cleaning and/or clearing
          work and all costs incurred on such work shall be recovered from the
          Contractor and shall be deducted by the Owner from any money that may
          be payable or that may become payable to the Contractor.

28.  METHOD OF MEASUREMENT:

     To evaluate any additional work instructed under change orders by the
     Project Manager or the Owner's Representative, the standard method of
     measurement in accordance with the Standards laid down by Bureau of Indian
     Standards (IS: 1200) shall be followed. However if definite methods of
     measurements are stipulated in the Schedule of Rates or Specifications,
     then the same shall supersede BIS methods and shall be followed. In the
     event of any dispute with regard to the method of measurement of any work,
     the decision of the Project Manager shall be final and binding and no extra
     claims shall be entertained or allowed at any stage in this regard.

29.  COVERING UP:

     The Contractor shall give at least 24 hours clear notice in writing to the
     Project Manager before covering up any of the Work in foundations or any
     other such areas in order that inspection of the Work may be carried out
     for maintaining proper quality control. In the event of the Contractor
     failing to provide such notice he shall, at its own expense, uncover such
     Work as required to allow the inspection to be taken and thereafter shall
     reinstate the Work to the satisfaction of the Project Manager.

30.  PAYMENTS AND SECURED ADVANCE:

     As per the Schedule of Fiscal Aspects

     30.1 PAYMENTS FOR EXECUTED WORK:

          Running Account Bills:

          The Contractor shall prepare measured bills as directed by the Project
          Manager (detailed measurement, abstract sheet, purchase bills,
          deviation statement for on going and completed work, materials
          reconciliation statement and any specific instructions which may be
          given in this regard by the Project manager and other supporting
          documents) once per month and submit the same to the Project Manager's
          in three (3) copies for checking and issue of interim certificate.

     30.2 PAYMENT CERTIFICATE

          The Project Manager will issue a payment certificate within the number
          of working days as reflected in Schedule of Fiscal aspects, from the
          date of the bill submitted by the contractor for the value of work
          (net amount due to the contractor after deductions) executed by the
          contractor, provided supporting detailed measurements, purchase bills,
          abstract sheets and other supporting documents requested by the
          Project Manager are furnished at the time of submission of bills.
          Thereafter, the contractor shall be paid by the Owner of certified
          amount (after deduction of

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          applicable TDS), within the number of days as specified in Schedule of
          Fiscal aspects.

     30.3 RETENTION MONEY & FINAL BILL

          As per the Schedule of Fiscal Aspects

     30.4 WITHHOLDING OF PAYMENTS

          The Project Manager may withhold payment or, on account of
          subsequently discovered evidence, nullify the whole or a part of any
          payment certificate to such extent as may be necessary to protect the
          Owner from loss on account of including but not limited to the
          following:

          -    Defective work not remedied by the Contractor.

          -    Failure of the Contractor to make payments properly and regularly
               to its own workers, to its Sub-Contractors, to its suppliers.

          -    Damage by the Contractor to the work of other Contractors,
               Sub-Contractors or Vendors.

          -    A reasonable doubt that the Contract cannot be completed for the
               balance unpaid amount.

          -    A reasonable doubt that the Contractor intends to leave work
               items incomplete.

          -    Failure of the Contractor to execute the Work in conformity with
               the Contract Documents.

          -    Failure of the Contractor to meet or keep-up with the approved
               Construction Programme on which the agreed payment schedule is
               based.

          -    Failure of the Contractor to comply with and fulfil all
               contractual obligations and liabilities stipulated in the
               Contract Documents.

31.  RECTIFICATION OF IMPROPER WORK NOTICED:

     If it shall appear to the Project Manager or the Owner's Representative
     during the progress of the Work that any work has been executed with
     unsound, imperfect or unskilful workmanship or with materials of any
     inferior description or that any materials or articles provided by the
     Contractor for the execution of the Work are unsound or of a quality
     inferior to that contracted for or otherwise not in accordance with the
     Contract, the Contractor shall, on demand in writing from the Project
     Manager, specifying the work, materials or articles complained of,
     notwithstanding that the same may have been passed and certified, forthwith
     rectify or remove and reconstruct the work so specified in whole, or in
     part as the case may require or as the case may be, remove the materials or
     articles so specified and provide other proper and suitable materials or
     articles at its own proper charge and cost and in the event of its failing
     to do so within a period so specified by the Project Manager in its demand
     aforesaid, the Project Manager may rectify or remove and re-execute the
     work or remove and replace with others, the materials or articles
     complained of as the case may be at the risk and expense in all respects of
     the Contractor, and deduct the expenses from the Retention Money or any
     sums that may be due at any time thereafter may become due to the
     Contractor or from its performance bond.

32.  CHANGE ORDERS:

     32.1 The Owner reserves the right to alter the Scope of Work (See CI.2.6)
          and consequently the Contract Price shall be suitably adjusted for
          such

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          changes by reference to the rates in the Schedule of Rates. The
          Project Manager shall issue all change orders only after obtaining the
          prior written consent of the Owner's Representative. The onus shall be
          on the Contractor to obtain such prior written consent of the Owner's
          Representative. The contractor shall not proceed with additional scope
          of work without prior approval from Owner/ Owner's representative
          through Project Manager.

     32.2 If the rates for the additional, altered or substituted work are not
          specifically provided in the Schedule of Rates then such rates shall
          be derived from the rates that are specified for a similar class of
          work in the Contract. The Project Manager's interpretation as to what
          is a similar class of work and its decision on the method in which the
          rate is to be derived shall be final and binding on the Contractor.

     32.3 If the rates for the additional, altered or substituted work cannot be
          determined in the manner specified above, then the rates for such work
          shall be determined on the basis of actual consumption of materials,
          and actual use of labour and plant and machinery, as detailed below:

          a.   Cost of materials supplied by the Contractor, at not more than
               prevailing market rates, actually incorporated in the Work.

          b.   Cost of labour actually used at the Site on the Work at
               prevailing rates of labour.

          c.   Cost allocation toward the Work for the use of any plant and
               machinery at the Site, on actual basis.

          d.   15% of the actual costs in respect of (a), (b), and (c) above,
               towards Contractor's establishment and all other costs and
               overhead and profit plus taxes as applicable in Hyderabad shall
               be reimbursed. Contractor's overheads and profit shall not be
               allowed on free issue items.

     32.4 The Contractor shall provide a schedule of plant rates. If the
          Contractor and the Project Manager cannot agree on a rate as
          determined in accordance with Clause 32.3, then the Project Manager
          may determine a reasonable rate which shall be final and binding on
          the Contractor or, at the Owner's option, may order and direct the
          work to be carried out by such other persons or agencies as it may
          think fit, and such other persons or agencies shall not, in any manner
          be prevented or obstructed in their work or from entering upon the
          Work by the Contractor for the purpose of carrying out such work. The
          Contractor shall not be entitled to any payment whatsoever in
          connection with such work carried out by such other persons or
          agencies.

     Before the Contractor undertakes any extra work, he shall ensure that he
     has received a specific Change Order, signed by the Owner, from the Project
     Manager. No additional payments shall be made to the Contractor without
     prior agreement and receipt of the necessary signed Change Order, Each
     Change Order shall clearly state the value of the additional work agreed to
     and signed for by the Owner.

     The Contractor shall at monthly intervals submit to the Project Manager an
     account giving particulars, as full and detailed as possible, of additional
     work ordered in writing by the Owner and which the Contractor has executed
     during the preceding month. If any Change Order instructed by the Owner
     causes a delay in the

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     completion of the Work causing the Contractor to overrun the time fixed for
     completion of the Work, the Owner shall agree, following joint review of
     the circumstances with the Project Manager as to the extent of the delay,
     to postpone the time for completion of the Work by the period of delay,
     provided the Contractor has notified the Owner in writing, of such expected
     delay before such change order is actually issued by the Owner.

33.  DEDUCTIONS FOR UNCORRECTED WORK:

     33.1 If the Project Manager deems it inexpedient to get corrected or
          rectified any work of the Contractor which is defective or damaged or
          of substandard quality or is generally not in accordance with the
          Contract Documents, then an equitable and appropriate deduction shall
          be made thereof from the Contract Price, and the Architect's and
          Project Manager decision in this respect shall be final and binding on
          the Contractor.

     33.2 Furthermore if, by reason of any accident, or failure, or other event
          occurring to, in or in connection with the Work, or any part thereof,
          either during the execution of the Work or during the Defects
          Liability Period, any remedial or other work or repair shall, in the
          opinion of the Project Manager, be urgently necessary for the safety
          of the Work, or any part thereof, and the Contractor is unable or
          unwilling to immediately and at once do such work or repair, the Owner
          may employ and pay other persons or agencies to carry out such work or
          repair as the Project Manager may consider necessary. If the work or
          repair so done by other persons or agencies is work which, in the
          opinion of the Project Manager, the Contractor was liable to do at its
          own expense under the Contract, then all expenses incurred by the
          Owner in connection with such work or repair shall be recovered from
          the Contractor and shall be deducted by the Owner from any money that
          may be payable or that may become payable to the Contractor or from
          the Contractor's performance bond.

34.  TIME FOR COMPLETION:

     34.1 TIME-ESSENCE OF CONTRACT:

          The time allowed for carrying out the Work as entered in the tender
          shall be strictly observed by the Contractor and shall be deemed to be
          of the essence of the Contract and shall be reckoned from the date of
          award of the Contract. The Work shall proceed with due diligence until
          Final Completion. The Contractor shall prepare a Construction
          Programme with time schedule keeping in view the completion period
          stipulated for specific portions of the Work and also the overall
          completion time and submit same for the approval of the Project
          Manager and the Owner's Representative. The Contractor shall comply
          with the time schedule as approved by the Project Manager and the
          Owner's Representative. In the event of the Contractor failing to
          comply with the overall and individual milestones contained in the
          time schedules, he shall be liable to pay liquidated damages as
          provided for in this Contract.

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     34.2 CAUSES OF DELAY FOR WHICH CLAIMS FOR EXTENSION OF TIME MAY BE
          CONSIDERED;

          The Contractor shall be entitled to claim for extension of time,
          subject to the Conditions herein, should he be delayed or impeded in
          the execution of the Work by reason of the following:

          a)   Force Majeure;

          b)   Delay in the receipt of 'construction status' drawings from the
               Architect provided that, in the opinion of the Project Manager,
               the Contractor has made every effort and endeavour to minimize
               the effect of such delays.

          c)   Any approved changes in the scope of work directed by Owner,
               Architect, Consultant which in the opinion of the Project Manager
               entail the requirement of additional time for completion of the
               Work.

     34.3 EXTENSION OF TIME

          In respect of items (a), (b) and (c) above, the Contractor shall
          submit in writing to the Project Manager its intention to claim for an
          extension of time within seven (7) working days of any of the above
          mentioned reasons or events causing a delay. Any claim of extension of
          time in respect of item (c) shall notified by the Contractor before
          such change order is actually issued. The Contractor shall thereafter
          detail and submit its claim for the extension of time within fourteen
          (14) working days of such delay having occurred. If the Contractor
          does not comply with both these conditions for each and every delay
          caused by any of the above mentioned reasons or events then he shall
          not be entitled to any extension of time.

     34.4 CLAIM OF EXTENSION OF TIME

          The Project Manager shall study and verify the particulars of the
          claim for extension of time submitted by the Contractor and shall then
          reject or amend or accept the claim. He will extend the time by
          notifying the Contractor in writing for completion of the Work by such
          period as he shall think adequate with the prior approval of the
          Owner's Representative and the time for completion of the Work so
          extended shall for all purposes of the Contract be deemed the time
          specified for completion of the Work. The decision of the Project
          Manager in this regard shall be final and binding on the Contractor.
          No extension of time shall be granted separately for any concurrent or
          parallel activities, and only a delay, caused by any of the above
          mentioned reasons or events, in a critical activity, which has a
          direct effect on the overall completion of the Work, shall form a
          basis for granting extension of time.

     34.5 DELETIONS OR CHANGES IN THE SCOPE OF THE WORK

          Should any deletions or changes in the scope of the Work reduce the
          time required to complete the Work under the Contract, then the time
          savings accruing from such deletions may be considered by the Project
          Manager in off-setting the durations awarded for an extension of time.

35   NO FINANCIAL OR OTHER COMPENSATION FOR DELAYS:

     The Contractor shall not be entitled to any compensation for any loss
     suffered by him on account of delays in commencing or in executing or in
     completing the Work,

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     whatever might be the cause of the delay if such delay is on account of the
     Contractor.

36.  COMPENSATION FOR DELAYS CAUSED BY OWNER:

     Additional costs associated with an extension of time to the contract
     period arising from delays caused by Vendors or by the Owner shall be the
     subject of a claim by the Contractor. The Project Manager in consultation
     with Architect shall assess all such claims in a fair and equitable manner.

37.  PROPRIETY OF EXECUTED WORK:

     All executed work, whether in part or in whole shall be the exclusive
     property of the Owner. The Project Manager, the Owner, the Contractor or
     any of its Sub-Contractors or their employees or workmen or servants or
     agents shall not be entitled to the use of any such work except for the
     purpose of carrying out subsequent work that is required to be carried out
     under the Contract or to complete the Project. The Owner shall have the
     right to occupy and take over the Work or any part thereof at any time
     during the progress of the Work or upon their completion, irrespective of
     any pending claims or disputes that the Contractor may have against the
     Owner.

38.  INDEMNITY:

     38.1 The Contractor shall indemnify, defend and hold and keep indemnified,
          the Owner from and against all actions, suits, claims costs,
          liabilities and demands brought or made against the Owner in respect
          of any matter or thing done or omitted to be done by the Contractor or
          any of its Sub-Contractor(s) or their employees, workmen,
          representatives, agents, servants or suppliers in the execution of or
          in connection with the Work or the Contractor's or Sub-Contractor's
          performance under this Contract and against any loss or damage to the
          Owner in consequence of any action or suit being brought against the
          Contractor or any of its Sub-Contractor(s) or their employees,
          workmen, representatives, agents, servants or suppliers for anything
          done or omitted to be done in execution of the Work and the Project
          Coordination Services under this Contract, including but not limited
          to meeting the Project milestones, non-compliance with the applicable
          laws and regulations of the government and local authorities, not
          obtaining the relevant licences and permits, infringing any patents
          rights and specifically regarding use, storage and disposal of
          hazardous materials. The obligations of the Contractor under this
          clause shall survive till the closure of Defects Liability period.

     38.2 The Contractor shall insure that the Sub-Contractors indemnify, defend
          and hold, and keep indemnified the Owner harmless from all actions,
          suits, claims, costs, fines, judgements and liabilities in respect of
          any matter or thing done or omitted to be done by the Sub-Contractors
          or their employees, workmen, representatives, agents, servants and
          suppliers in execution of or in connection with the Work or arising
          out of or in any way alleged to be in connection with Sub-Contractors'
          performance under this Contract, including but not limited to, not
          meeting the Project milestones, non-compliance with the applicable
          laws and regulations of the government and local authorities, not
          obtaining the relevant licences and permits, infringing any patents
          rights and specifically regarding the storage, use or disposal by the
          Sub-Contractors of hazardous materials in, on or under the Site or at
          any location whatsoever in connection with the Project in any way.

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          The Sub-Contractors' responsibility under this indemnification shall
          also include any and all hazardous materials introduced to the Site by
          their agents, representatives, employees, workmen, servants and
          suppliers. The obligations of Sub-Contractors under this clause
          survive till the closure of Defects Liability period.

39.  CORRECTION OF WORK BEFORE VIRTUAL COMPLETION OF WORKS:

     The Project Manager and the Owner's Representative shall jointly conduct an
     extensive inspection just prior to the Virtual Completion of the Work and
     shall prepare a list of materials, equipment, and workmanship which are
     defective or damaged or of substandard quality or improperly executed or
     generally unacceptable due to not being in conformity with the requirements
     stipulated in the Contract Documents. The Contractor shall promptly remove,
     replace, re-execute, rectify and make good, to conform to the requirements
     stipulated in the Contract Documents and to the satisfaction of the Project
     Manager and the Owner's Representative all such materials, equipment,
     and/or workmanship included or itemised in the said list and the Contractor
     shall bear and pay for all expenses in connection therewith and consequent
     thereon and incidental thereto, including the cost for all remedial work on
     the work of other contractors destroyed or damaged by such removal,
     replacement, re-execution, rectification and making good. If the Contractor
     fails to remove, replace, re-execute, rectify and make good the rejected
     materials, equipment, and/or workmanship within a reasonable time, fixed by
     written notice, the Owner may employ and pay other persons or agencies to
     carry out such removal, replacement, re-execution, rectification and making
     good and all expenses incurred in connection therewith, including all
     damages, losses and expenses consequent thereon and incidental thereto
     shall be recovered from the Contractor and shall be deducted by the Owner
     from any money that may be payable or that may become payable to the
     Contractor.

40.  VIRTUAL COMPLETION OF WORKS:

     40.1 The Works shall be considered as Virtually Complete only upon
          fulfilment of the procedure laid down in clause 39 above, and only
          after the Work has been completed in every respect in conformity with
          the Contract Documents and after all the systems and services have
          been tested and commissioned, and after the Site has been cleared and
          the Work cleaned in accordance with clause 27 and when the Project
          Manager has certified in writing that the Work is Virtually Complete.
          The Defects Liability Period shall commence from the date of such
          Certificate of Virtual Completion.

     40.2 Should, before Virtual Completion, the Owner decide to occupy any
          portion of the Work or use any part of any equipment, the same shall
          not constitute an acceptance of any part of the Work or of any
          equipment, unless otherwise so stated in writing by the Project
          Manager.

     40.3 Prior to the issue of the Virtual Completion Certificate, the
          Contractor shall submit and hand-over to the Owner's Representative
          the keys to all locks, all operation and maintenance manuals for
          systems and services, any spares called for in the Contract, and every
          thing else necessary for the proper use and maintenance of the Work
          complete with all systems and services.

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41.  LIQUIDATED DAMAGES / PROGRAMME CHART / MILESTONES:

     As per the Schedule of Fiscal Aspects.

42.  PENALTY / FINE:

     42.1 If the Project Manager notifies the Contractor of non-compliance with
          safety codes as in clause no. 12.5-12.12 the Contractor shall
          immediately if so directed or in any event not more than 12 hours
          after receipt of such notice, make all reasonable effort to correct
          such non-compliance.

     42.2 If the Contractor fails to do so, the Project Manager shall have
          authority to levy fine as determined based on the severity of the
          violation. The Project Manager will establish the list of violations
          and the fines associated with each which will be treated as part of
          the contract and hence subject to same level of implementation as
          other terms and conditions of the contract.

43.  GUARANTEES:

     43.1 The Contractor understands and agrees that the Owner is expressly
          relying and will continue to rely on the skill and judgement of the
          Contractor in executing the Work and remedying any defects in the
          Work. The Contract represents and warrants that (i) it shall perform
          the Work in a timely manner, in strict accordance with the Contract
          Documents, and consistent with generally accepted professional,
          construction and construction-supervision practices and standards
          provided by an experienced and competent professional contractor and
          construction supervisor rendered under the same or similar
          circumstances, and (ii) it is and will be responsible to the Owner for
          the acts and omissions of all Sub-Contractors and their respective
          employees, agents and invitees and all the persons performing any of
          the Work.

     43.2 Besides the guarantees required and specified elsewhere in the
          Contract Documents, the Contractor shall in general guarantee all work
          executed by the Contractor and the Sub-Contractors for a period of 12
          months from the date of issue of the Virtual Completion Certificate.
          Those parts of the Work or equipment or installations, for which
          extended guarantee periods are stipulated elsewhere in the Contract
          Documents, shall be guaranteed for such periods that are so
          stipulated. The duration of the Defects Liability Period, unless
          specified otherwise, shall be the extent of length of such guarantee
          periods.

     43.3 The Contractor represents, warrants and guarantees to the Owner, inter
          alia that:

          -    the construction of the Project shall be approved and capable of
               use, operation, performance and maintenance for accomplishing the
               purpose for which it has been built and acquired.

          -    the Work shall comply with the Specifications, Drawings, and
               other Contract Documents.

          -    the Work shall, for a period of 12 months from the date of issue
               of the Virtual Completion Certificate, be free from all defects
               and the Project shall be of structural soundness, durability,
               ease of maintenance, weather tightness etc.

          -    the materials, workmanship, fabrication and construction shall be
               of the specified and agreed quality and all materials shall be
               new.

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          -    Work performed for the Owner shall be free from all liens,
               charges, claims of whatsoever nature from any party other than
               Owner.

     43.4 Where, during such guarantee periods as mentioned above, any material
          or equipment or workmanship or generally any item of work fails to
          comply or perform in conformity with the requirements stipulated in
          the Contract Documents or in accordance with the criteria and
          provisions of the guarantee, the Contractor shall be responsible for
          and shall bear and pay all costs and expenses for replacing and/or
          rectifying and making good such materials, equipment, workmanship, and
          items of work and, in addition, the Contractor shall be also
          responsible for and shall bear and pay all costs and expenses in
          connection with any damages and/or losses suffered as a consequence of
          such failure.

     43.5 All guarantees required under the Contract shall be in the format
          approved by the Owner and submitted to the Architect's Representative
          and the Owner by the Contractor when requesting certification of the
          final bill.

     43.6 Representations and Warranties of the Contractor

          The Contractor represents and warrants to the Owner that:

          a. it has full power and authority to execute, deliver and perform its
     obligations under the Contract Documents and to carry out the transactions
     contemplated hereby;

          b. it has the financial standing and capacity to undertake the Works;

          c. there are no actions, suits, proceedings or investigations pending
     or to the Contractor's knowledge threatened against it at law or in equity
     before any court or before any other judicial, quasi judicial or other
     authority, the outcome of which may constitute Contractor's Default within
     the meaning of Article 49 or which individually or in the aggregate may
     result in material adverse effect;

          d. it has complied with all Applicable Laws and has not been subject
     to any fines, penalties, injunctive relief or any other civil or criminal
     liabilities which in the aggregate have or may have a material adverse
     effect;

          e. no bribe or illegal gratification has been paid or will be paid in
     cash or kind by or on behalf of the Contractor to any person to procure the
     right to execute the Works pursuant to the Contract Documents;

          f. Without prejudice to any express provision contained in this
     Contract, the Contractor acknowledges that prior to the execution of this
     Contract, the Contractor has after a complete and careful examination made
     an independent evaluation of the Site and the information provided by the
     Owner, and has determined to its satisfaction the nature and extent of
     risks and hazards as are likely to arise or may be faced by the Contractor
     in the course of performance of its obligations hereunder, such
     examination/ review having included but not limited to the following:

          a) the form and nature or the Site, including the sub-surface
          conditions,

          b) the hydrological and climatic conditions,

          c) the extent and nature of the obligations undertaken for execution
          of the Works, and the remedying of any defects, and

          d) the means of access to the Site

     The Contractor also acknowledges and hereby accepts the risk of inadequacy,
     mistake or error in or relating to any of the matters set forth above and
     hereby confirms that the Owner shall not be liable for the same in any
     manner whatsoever to the Contractor.

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     The obligations of the Contractor under all provisions for warranties,
     guaranties and provisions relating to correction of Work contained in the
     Contract Documents shall be cumulative and no such provision shall be
     deemed to limit the Contractor's obligations under any other such
     provision.

44.  STATUTORY APPROVALS:

     The Contractor is responsible to arrange for the visit of statutory
     authorities and obtaining all necessary approvals pertaining to their part
     of the work. Also, the contractor shall be required to provide full
     coordination to other vendors in case the statutory approval of other
     Contractor/ vendor has an interface with the work executed by this
     Contractor. Contractor shall make sure to start this process well in
     advance so the approvals are obtained on time and prior to the scheduled
     start date of Client operations whether in part or whole of the facility/
     building.

45.  PROJECT CLOSE-OUT DELIVERABLES:

     The contractor shall be responsible to provide all the project close-out
     deliverables as per the tender documents, prior to submitting its final
     bill. These deliverables include but are not limited to:

          a)   As-Built Drawings

          b)   O&M Manuals

          c)   Guarantees/ Warrantees

          d)   Special warranties

          e)   Extra material/ Attic stock

          f)   Keys

          g)   Training

          h)   Statutory approvals

          i)   Testing and commissioning reports

          j)   Contact list

          k)   Handing over/ taking over certificate duly accepted by Client

          Training shall be scheduled in consultation with Project Manager.
          Contractor shall be responsible to videotape all the training sessions
          and provide two copies of the recording to Owner representative/
          Project Manager, as part of Project Closeout documentation.

46.  DEFECTS LIABILITY:

     46.1 MAINTENANCE BY CONTRACTOR DURING DEFECTS LIABILITY PERIOD:

          All defective items of work and defects noticed and brought to the
          attention of the Contractor during the Defects Liability Period shall
          be promptly and expeditiously attended to and replaced and/or
          rectified and made good by the Contractor at its own cost, to the
          complete satisfaction of the Project Manager and the Owner's
          Representative.

     46.2 REPLACEMENT AND/OR RECTIFICATION AND MAKING GOOD BY CONTRACTORS OF ALL
          DEFECTIVE MATERIALS, EQUIPMENT AND/OR WORKMANSHIP DURING DEFECTS
          LIABILITY PERIOD:

          The Contractor shall replace and/or rectify and make good, at its own
          cost, and to the satisfaction of the Project Manager and the Owner's

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          Representative, all defective items of work and defects arising, in
          the opinion of the Project Manager, from materials, equipment, and/or
          workmanship not performing or being in accordance with the Drawings or
          Specifications or the instructions of the Project Manager and or other
          Contract Documents or the best engineering and construction practices,
          and which may appear or come to notice within 12 months after Virtual
          Completion of the Work, that is within the Defects Liability Period of
          12 months from the date of issue of the Virtual Completion
          Certificate. Any item, material or matter repaired or replaced shall
          receive a new Defects Liability Period of like duration beginning upon
          the date the repaired or replaced item, material or matter is returned
          for use to the Owner, provided that the aggregate guarantee period
          shall not exceed 12 months. The Contractor shall be also liable for
          all costs associated with damages and/or losses which are a
          consequence of such defective items of work and defects, and such
          costs shall be recouped by Project Manager from the Contractor and
          shall be recovered from the Retention Money held and/or from the
          Contractor's final bill (if the final bill has not been certified and
          paid for at the time).

          Such defective items of work and defects as mentioned above shall,
          upon instruction and direction in writing of the Project Manager and
          within such time as shall be specified therein, be replaced and/or
          rectified and made good by the Contractor at its own cost. In case of
          default or failure by the Contractor to replace and/or rectify and
          make good such defective items of work and defects, the Owner may
          employ and pay other persons or agencies to replace and/or rectify and
          make good such defective items of work and defects, and all costs,
          damages, losses and expenses therefore, consequent thereon and
          incidental thereto shall be to the account of the Contractor and such
          costs, damages, losses, and expenses shall be recouped by the Owner
          from the Contractor and shall be recovered from the Retention Money
          held and/or from the Contractor's final bill (if the final bill has
          not been certified and paid for at the time). Should the Retention
          Money held (and the amount in respect of the final bill if it has not
          been certified and paid for at the time) be insufficient to meet such
          costs, damages, losses and expenses, as determined by the Project
          Manager and Architect then the Contractor shall be legally bound to
          pay he balance amount due under the claim to the Owner within one
          month of receiving notification to that effect from the Architect &
          Project Manager. In the event of failure on the part of the Contractor
          to pay the balance amount due within one month as stated above, the
          Owner shall be entitled to invoke the performance bond and the
          Contractor shall raise no objection in this regard. In respect of
          those parts of the Work for which longer guarantee periods are
          stipulated elsewhere in the Contract Documents, the Defects Liability
          Period for such parts of the Works shall be until the end of the
          respective guarantee period that is stipulated for each such part.

47.  FINAL COMPLETION OF THE WORK:

     The Work shall be considered as finally complete at the end of the Defects
     Liability Period subject to the Contractor having replaced and/or rectified
     and made good all the defective items of work and defects in accordance
     with clause above, to the satisfaction of the Project Manager, Architect,
     Owner and provided that the Contractor has performed all its obligations
     and fulfilled all its liabilities under the Contract, and

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     when the Project Manager has certified in writing that the Works are
     finally complete. Such Final Completion in respect of those parts of the
     project for which extended guarantee periods are stipulated elsewhere in
     the Contract Documents, shall be achieved at the end of such stipulated
     guarantee periods.

48.  FORCE MAJEURE:

     48.1 The right of the Contractor to proceed with the Work shall not be
     terminated because of any delay, subject to the time limits set forth in
     this clause, in the execution of the Work due to unforeseeable causes
     beyond the control and without the fault or negligence of the Contractor,
     or the Sub-Contractors, defined under Force Majeure, as Acts of God or that
     of the public enemy, restraints of Governing States, fires and floods. The
     following events are explicitly excluded from Force Majeure and are solely
     the responsibilities of the non-performing party: a) any strike,
     work-to-rule action, go-slow or similar labour difficulty (b) late delivery
     of equipment or material (unless caused by Force Majeure event), (c)
     economic hardship and (d) changes in applicable laws.

     48.2 If the Contractor is wholly prevented from the performance of the
     Contract for a period in excess of thirty (30) consecutive days because of
     a Force Majeure, the Owner may terminate this Contract by fifteen (15) days
     written notice delivered to the Contractor, and if the period of the Force
     Majeure exceeds one hundred and twenty (120) consecutive days, the
     Contractor may terminate this Contract by fifteen (15) days written notice
     to the Owner. In the event this Contract is so terminated, the Contractor
     shall be paid for the costs of the Work actually executed up to the date of
     termination. Such costs shall not include loss of profits or for any other
     expenses of the Contractor or Sub-Contractors such as salaries or wages of
     the employees or workers, hire charges for plant and machinery, expenses
     towards maintenance of establishment, demobilization, break charges or any
     other expense. Failure to agree on an equitable settlement shall be deemed
     to be a dispute.

49.  TERMINATION OR SUSPENSION OF THE CONTRACT BY THE OWNER:

     49.1 If the Contractor shall be adjudged bankrupt or if he should make a
     general assignment for the benefit of its creditors, or if a receiver shall
     be appointed on account of its insolvency /bankruptcy, or if he should
     persistently or repeatedly refuse to carry out the Works diligently, or if
     he should fail to provide enough properly skilled workmen or proper
     materials or equipment or plant and machinery or tools or anything else
     necessary for the progress of the Work in accordance with the approved
     Construction Programme, or if he should fail to make prompt payments to
     Sub-Contractors or to suppliers for materials or equipment or to its
     workers, or if he should persistently disregard laws or ordinances or
     instructions of the Project Manager or the Owner's Representative, or if he
     should be guilty of a violation or breach of any provision of the Contract,
     or if he has abandoned the Contract, or if he has failed to commence the
     Work within the time specified or if he has suspended the Work, then the
     Owner on the basis that sufficient cause exists to justify such action, may
     without prejudice to any other right or remedy, and after giving the
     Contractor seven days notice in writing, terminate the employment of the
     Contractor and take charge of all materials, equipment, tools, and plant
     and machinery thereon and use these as the Owner's property for the
     completion of the Project. In such case the Contractor shall be entitled to
     receive payment for the Work completed by him only after the Project is
     completed. If the amount due to the Contractor for the Work carried out by
     him as per the Contract terms exceeds the expenses incurred by the Owner,
     including for additional management and

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     administrative services, for completing the Project and in respect of the
     damages and/or losses suffered by the Owner due to the Contractor's
     default, then such excess shall be paid to the Contractor within three
     months of the final completion of the Project. If such expenses for
     completing the Project and in respect of the damages and/or losses suffered
     by the Owner exceed the amount due to the Contractor, then the Contractor
     shall pay the difference to the Owner within one month of receiving the
     notification to that effect from the Project Manager or the Owner's
     Representative. The expenses incurred by the Owner for completing the Work
     and in respect of the damages and/or losses suffered by him due to the
     Contractor's default, shall be certified by the Project Manager and its
     decision on this matter shall be final and binding on the Contractor.

     49.2 The Owner may terminate the Work for convenience at any time for
     reasons other than for cause, without prejudice to any claims that the
     Owner may have against the Contractor, by giving the Contractor at least
     seven days' prior written notice thereof. In such event, the Owner shall
     pay the Contractor such portions of the Work as are due and properly
     invoiced under the provisions for final payment in Section 30 for Work
     performed prior to termination. In no event, shall the total payments made
     to the Contractor exceed the Contract Price, and, prior to full payment,
     the Contractor shall comply with the requirements for the release of claims
     and other documentation as appropriate as provided for under the provisions
     for final payment in Section 30. The Owner's sole liability to the
     Contractor for termination pursuant to this Section 48.2 shall be
     determined in accordance with this Section 48.2, and the Contractor shall
     not be entitled to any further payments, including without limitation, loss
     of anticipated profits.

     49.3 The Project Manager or the Owner's Representative may suspend at any
     time and for any reason any part of or the whole of the Work by giving at
     least 24-hours' written notice thereof to the Contractor, specifying the
     part of the Work to be suspended and the effective date of such suspension.
     The Contractor shall cease work on said part of the Work on the effective
     date of such suspension but shall continue to perform any unsuspended part
     of the Work. During a suspension, the Contractor shall only be reimbursed
     for the cost of the Work related to (a) the Contractor's employees whose
     work has been approved by the Project Manager, and (b) such other items
     authorized by the Owner pursuant to a Change Order. The Owner may, at any
     time, authorize resumption of the suspended part of the Work by notifying
     the Contractor of the part of the Work to be resumed and the effective date
     of suspension withdrawal. The Work should be properly resumed by the
     Contractor after receipt of such notice. The Owner's sole liability to the
     Contractor for suspension shall be determined in accordance with this
     Section 48.3 and any approved Change Order, and the Owner shall not be
     liable for any other damages, including without limitation, loss of
     anticipated profits.

50.  INTELLECTUAL PROPERTY RIGHTS:

     50.1 It is hereby acknowledged and agreed that the Owner has commissioned
     the Work in connection with the Project and accordingly ownership of all
     intellectual property rights, including but not limited to property rights
     in the design and in all Drawings, Specifications and documents prepared by
     the Architects, the Contractor and any Sub-Contractors or Vendors belongs
     and shall be assigned solely to the Owner who shall be entitled to deal
     with the designs, Drawings, Specifications and documents in whole or in
     part, in any manner in the Owner's sole discretion. The Contractor hereby
     disclaims any right whatsoever on these intellectual property

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<PAGE>

     rights in which cases the Owner shall be duly informed in that regard. This
     intellectual property right entitlement shall extend to any maintenance,
     repair and renewal, reinstatement and enlargement of the Project. The
     Contractor shall ensure that any provisions of this type necessary to
     protect the intellectual property rights of the Owner are included in all
     its contracts with Sub-Contractors.

     50.2 All communications, whether written or oral, including but not limited
     to this Contract, its Annexures, Drawings, data sheets, Specifications,
     bills of material, sketches, calculations, designs and all other materials
     shall be treated as confidential and shall be the exclusive property of the
     Owner unless otherwise agreed in writing and must be given to the Owner
     upon request, but in any event all such materials shall be delivered to the
     Owner upon termination/expiry of this Contract.

     50.3 The Contractor agrees that it and its employees, agents, Sub-
     Contractors and consultants shall not (without the prior written consent of
     the Owner) during the term of this Contract or thereafter, disclose, make
     commercial or other use of, give or sell to any person, firm or
     corporation, any information received directly or indirectly from the Owner
     or the Architect or acquired or developed in the course of the Work,
     Project or this Contract, including by way of example only, ideas,
     inventions, methods, designs, formulae, systems, improvements, prices,
     discounts, business affairs, trade secrets, products, product
     specifications, manufacturing processes, data and know-how and technical
     information of any kind whatsoever unless such information has been
     publicly disclosed by authorised officials of the Owner. The Contractor
     agrees that prior to assigning any employee or agent or hiring any Sub
     -Contractor or consultant to work on this Project, such employee, agent,
     Sub-Contractor or consultant shall be required to execute a document
     containing in substance and form, a confidentiality provision similar to
     this provision.

     50.4 The Contractor shall not, without the Owner's prior consent:

          -    take any photographs or videos of the Project (or any part
               thereof) for use otherwise than in connection with carrying out
               and completion of the Project;

          -    write for publication, or cause, information or comment or
               pictures about the Project;

          -    supply to any third person such as actual and prospective
               clients, contractors, publishers, other interested parties and
               the like, the designs and any articles or information relating to
               the Project; and

          -    give interviews to the press including television, radio print
               and the like regarding the Project or the Contractor's
               involvement in the Work.

     50.5 Notwithstanding the foregoing, this provision shall not limit the
     obligation of the Contractor to take photographs and/or videos on a regular
     basis for the purpose of providing the progress reports required by this
     Contract.

     50.6 The Contractor, Sub-Contractors and their respective employees,
     representatives, agents, servants, workmen and suppliers shall not, during
     or after the termination/expiry of this Contract, disclose any information
     pertaining to this Contract or the Project to any person without the prior
     written consent of the Owner except when called upon to do so by a valid
     and lawful direction or order of a statutory or Government authority or an
     order of a court of law or where any of the

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     parties require production of this document and related information for
     establishing their respective legal rights.

51.  SETTLEMENT OF DISPUTES / ARBITRATION:

     51.1 All disputes and differences of any kind whatsoever arising out of or
     in connection with this Contract whether during the progress of the work or
     after their completion shall be referred in writing by the Contractor to
     the Owner's Representative, and the Owner shall within 10 days from receipt
     make and notify its decisions thereon in writing to the Contractor.

     51.2 Decisions, directions, clarifications, measurements, drawings and
     certificates with respect to any matter the decision for which is specially
     provided for by these or other special conditions to be given and made by
     the Owner's Representative or by the Project Manager are matters which are
     referred to hereinafter as exempted matters and shall be final and binding
     upon the Contractor and shall not be set aside on account of non-observance
     of any formality, any omission, delay or error in proceeding in or about
     the same or on any other ground or for any reason and shall be without
     appeal. They shall be specifically excluded from the scope of arbitration
     proceedings hereinafter referred to.

     51.3 Subject to the aforesaid in the event of any dispute or difference
     between the parties hereto as to the construction or operation of this
     Contract, or the respective rights and liabilities of the parties on any
     matter in question, dispute or difference on any account or as to the with
     holding by the Owner of any certificate to which the Contractor may claim
     to be and entitled to or if the Owner fails to make a decision within the
     aforesaid time, then and in any such case, but except in any of the
     exempted matters referred to in the above clause, the Contractor after 90
     days of its presenting final claim on the disputed matters, may demand in
     writing that the dispute or difference be referred to and settled by a sole
     arbitrator mutually acceptable to the Owner and the Contractor,. In the
     event the parties fail to appoint a mutually acceptable arbitrator, the
     parties shall approach the appropriate court for appointment of the sole
     arbitrator. The award of the Arbitrator, shall be final and binding on both
     the parties. The provision as per the Arbitration and Conciliation Act 1996
     shall apply to such arbitration. The arbitration venue shall be at
     HYDERABAD. The procedure for the arbitration shall be determined by the
     arbitrator. Costs of such arbitration shall be equally shared between the
     Owner and the Contractor.

     51.4 The Contractor shall not, except with the consent in writing of the
     Owner, the Architect, in any way delay the carrying out of the Work by
     reason of such matter, question or dispute being referred to arbitration
     but shall proceed with the work with all due diligence and shall, until the
     decision of the arbitrator is given, abide by the decision of the Architect
     and no award of the arbitrator shall relieve the Contractor of its
     obligations to adhere strictly to the Owner, the Owner's Representative's
     or the Project Manager's instructions with regard to the actual carrying
     out of the Work except as specifically affected by such award.

52.  GOVERNING LAW:

     The governing law of the Contract shall be Indian law.

53.  STANDARDS OF CONDUCT:

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     53.1 The Contractor, in performing its obligations under this Contract,
     shall establish and maintain appropriate business standards, procedures and
     control, including those necessary to avoid any real or apparent
     impropriety or adverse impact on the interests of the Owner. The Owner will
     in no event reimburse the Contractor for any costs incurred for purposes
     inconsistent with such policies.

     53.2 Compliance with laws, rules and regulations:

     Contractor represents, warrants, certificates and covenants that in
     connection with performance under this contract that:

     -    It shall, and the Work to be provided hereunder shall, comply with all
          applicable local, national, and central laws, rules and regulations,
          including but not limited to those governing building constructions,
          environmental, safety of persons and property, ESI, workmen
          compensation, PF and applicable industrial/labour laws, and land
          development laws, rules and regulations.

     -    No services provided hereunder will be produced using forced,
          indentured or convict labour or using the labour of persons in
          violation of the minimum working age law in the country where the Work
          are rendered;

     -    It shall comply with all laws regarding improper or illegal payments,
          gifts or gratuities; and Contractor agrees not to pay, promise to pay
          or authorize the payment of any money or anything of value, directly
          or indirectly, to any person or entity for the purpose of illegally or
          improperly inducing a decision or obtaining or retaining business or
          any advantage in connection with this Contract;

     -    It has not paid or provided and shall not pay, any gratuity for the
          benefit of any agent, representative or employee of the Owner other
          than in accordance with the Owner's applicable policies; and

     -    It has not, and shall not, engage in any sharing or exchange of
          prices, costs or other competitive information or take any other
          collusive conduct with any third party supplier or bidder in
          connection with the preparation or submission of any bid or proposal
          to the Owner or the negotiation of this Contract.

     -    It will also comply with all rules and regulations of the Owner which
          may be in effect at the Facility site regarding employment, passes,
          badges, smoking, fire prevention, safety and conduct or property. On
          behalf of the Owner, Contractor shall request and monitor that any
          Contractor, Sub-Contractors, vendors and each of their employees
          observe such.

54.  WARRANTY AS TO DOCUMENTS SUBMITTED TO OWNER; AUDIT:

     The Contractor represents that all Documents, including invoice, vouchers,
     and financials to settlements, billings and other reports submitted or to
     be submitted by the Contractor to the Owner in support of an application
     payment are true, correct, complete and accurate in all respects. Upon
     request of the Owner, the Contractor agrees to cooperate fully with the
     Owner in the conduct of a joint audit of the billings by the Contractor for
     the Work.

55.  ACCOUNTS AND AUDIT:

     The Contractor agrees to maintain true and accurate financial statements
     and books of accounts, recording all income and expenditure in relation to
     the Project ("BOOKS OF ACCOUNTS"). The Books of Accounts shall, at all
     times, be maintained at the Site or at the office of the Contractor in
     HYDERABAD. The Contractor agrees that the Owner, Architect and the Project
     Manager shall have the right to conduct (or cause to be conducted) an
     independent audit of the Books of Accounts at any

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     time during the subsistence of the Contract. Additionally, the Contractor
     agrees that the Books of Accounts shall be maintained for 36 months
     subsequent to the expiry/termination of the Contract.

56.  MISCELLANEOUS

56.1 ASSIGNMENT AND CHARGES

     The Contractor shall not assign in favour of any person this Contract or
     the rights, benefits and obligations hereunder save and except with prior
     consent of the Owner. The Owner may assign its rights and obligations
     hereunder to its lender, if any, and the Contractor agrees to enter into an
     agreement with such lender pursuant to which, at such lender's request, the
     Contractor will complete the Work upon appropriate provision for payment of
     the balance of the Contract Sum. Any entity which shall succeed to the
     rights of the Owner shall be entitled to enforce its rights hereunder.

56.2 WAIVER

     Waiver by either Party of any default by the other Party in the observance
     and performance of any provision of or obligations under this Contract:

     (i) shall not operate or be construed as a waiver of any other or
     subsequent default hereof or of other provisions or obligations under this
     Contract;

     (ii) shall not be effective unless it is in writing and executed by a duly
     authorised representative of such Party; and

     (iii) shall not affect the validity or enforceability of this Contract in
     any manner.

     Neither the failure by either Party to insist on any occasion upon the
     performance of the terms, conditions and provisions of this Contract or any
     obligation hereunder nor time or other indulgence granted by a Party to the
     other Party shall be treated or deemed as waiver/breach of any terms,
     conditions or provisions of this Contract.

56.3 SURVIVAL

     Termination of this Contract (a) shall not relieve the Contractor of any
     obligations already incurred hereunder which expressly or by implication
     survives Termination hereof, and (b) except as otherwise provided in any
     provision of this Contract expressly limiting the liability of the
     Contractor, shall not relieve the Contractor of any obligations or
     liabilities for loss or damage to the other Party arising out of or caused
     by acts or omissions of such Party prior to the effectiveness of such
     Termination or arising out of such Termination.

56.4 NOTICES

     Unless otherwise stated, notices to be given under this Contract including
     but not limited to a notice of waiver of any term, breach of any term of
     this Contract and termination of this contract, shall be in writing and
     shall be given by hand delivery, recognised international courier, mail,
     telex or facsimile transmission and delivered or transmitted to the Parties
     at their respective addresses set forth below:

     If to the Owner

     ________________________________

     Fax No. ________________________

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     If to the Contractor

     ________________________________

     ________________________________

     ________________________________

     Fax No. ________________________

     Or such address, telex number, or facsimile number as may be duly notified
     by the respective Parties from time to time, and shall be deemed to have
     been made or delivered (i) in the case of any communication made by letter,
     when delivered by hand, by recognised international courier or by mail
     (registered, return receipt requested) at that address and (ii) in the case
     of any communication made by telex or facsimile, when transmitted properly
     addressed to such telex number or facsimile number.

56.5 SEVERABILITY

     If for any reason whatsoever any provision of this Contract is or becomes
     invalid, illegal or unenforceable or is declared by any court of competent
     jurisdiction or any other instrumentality to be invalid, illegal or
     unenforceable, the validity, legality or enforceability of the remaining
     provisions shall not be affected in any manner, and the Parties shall
     negotiate in good faith with a view to agreeing upon one or more provisions
     which may be substituted for such invalid, unenforceable or illegal
     provisions, as nearly as is practicable. Provided failure to agree upon any
     such provisions shall not be subject to dispute resolution under this
     Contract or otherwise.

56.6 NO PARTNERSHIP

     Nothing contained in this Contract shall be construed or interpreted as
     constituting a partnership between the Parties. Neither Party shall have
     any authority to bind the other in any manner whatsoever.

56.7 LANGUAGE

     All notices required to be given under this Contract and all
     communications; documentation and proceedings which are in any way relevant
     to this Contract shall be in writing and in English language.

56.8 EXCLUSION OF IMPLIED WARRANTIES ETC.

     This Contract expressly excludes any warranty, condition or other
     undertaking implied at law or by custom or otherwise arising out of any
     other Contract between the Parties or any representation by any Party not
     contained in a binding legal agreement executed by the Parties.

56.9 COUNTERPARTS

     This Contract may be executed in two counterparts, each of which when
     executed and delivered shall constitute an original of this Contract but
     shall together constitute one and only the Contract.

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57. SCHEDULE OF FISCAL ASPECTS

<TABLE>
<S>                              <C>
COMMENCEMENT/ COMPLETION

MOBILIZATION PERIOD              From the date of issuance of LOI, a
                                 mobilization period of 14 days shall be allowed
                                 to the contractor to mobilize its resources at
                                 site.

COMMENCEMENT OF WORK             The work shall commence on date of issue of
                                 LOI. Tentative start date for the project is
                                 JUNE 6, 2007

COMPLETION OF WORK               Work must be completed and handed over to the
                                 satisfaction of Owner on or before AUGUST 31,
                                 2008

PAYMENT

MOBILIZATION ADVANCE             20% of the contract value in Two Installment,
                                 10% within 7 days and balance 10% within 60
                                 days from the date of receipt of corporate
                                 guarantee of equivalent value in the approved
                                 format valid till the completion of the
                                 project. The mobilization advance shall be
                                 recovered from 2nd RA bill onwards on prorata
                                 basis and the corporate guarantee shall be
                                 returned after recovery of full mobilization
                                 amount.

PERFORMANCE BOND                 The successful tenderer should furnish a
                                 Performance Bond in the form of a Bank
                                 Guarantee from a scheduled Bank approved by the
                                 Owner, for the value 5% of contract value
                                 within JULY 31, 07 (75) days of date of LOI
                                 (Letter of Intent). The bank guarantee shall be
                                 in the approved format and valid till 90 days
                                 after the expiry of Defects Liability period.

RETENTION MONEY                  Deduction towards retention money shall be made
                                 in every Running bill at 5% of the value of
                                 work certified, towards retention.

                                 In total, 5% of the contract value shall be
                                 retained till the end of defects liability
                                 period, provided the Works are free from
                                 defects and the contractor has rectified all
                                 defects identified by Architect/ Project
                                 Manager/ Owner. Retention may be released upon
                                 submission of a Bank Guarantee for equivalent
                                 amount valid till the end of Defects Liability
                                 Period. The BG must be in format approved by
                                 the Owner/ PM. The retention money shall not
                                 carry any interest.

MATERIAL ADVANCE                 75% of advance shall be payable for Cement and
                                 Reinforcement Steel only brought at site for
                                 use in the said project.

BILLS

INTERIM BILLS                    The bills in triplicate shall be submitted to
                                 the Project Managers along with all supporting
                                 documents. Only one bill per 30 days shall be
                                 admitted.

CERTIFICATION                    The Project Managers shall certify the interim
                                 bill within 7 working days and the final bill
                                 within 28 working days of the receipt of bill
                                 along with all supporting
</TABLE>

(SEAL)                   (SEAL)                   (SEAL)                  (SEAL)

                                                                              57

<PAGE>

<TABLE>
<S>                              <C>
                                 documentation.

SUPPORTING DOCUMENTS             Bills will not be accepted/ received by the
                                 Project Managers if bills are not in the
                                 correct format as prescribed by the Project
                                 Managers or are not presented along with
                                 material invoices/ delivery challans,
                                 measurement sheets, rate analysis etc.

TAX DEDUCTION AT SOURCE          Tax including WCT shall be deducted as
                                 applicable at Source in accordance with the
                                 statutory requirements from all payments made
                                 to the Contractor, including that in respect of
                                 the Mobilization advance, if paid.

INCOME TAX                       Income tax at the rate prevailing at the time
                                 of payment will be deducted from each Running
                                 bill and Final bill, together with any other
                                 prescribed statutory deductions.

PERIOD OF RAISING FINAL BILL     Within 3 weeks of virtual completion of works
                                 and submission of handing over documents duly
                                 approved by the Architect/PM.

PAYMENT OF RA BILL               75% of the approved bill value on quick check
                                 basis within 7 days, balance Payments shall be
                                 made by the Owner within 20 days after
                                 certification of the bills by the Project
                                 Managers.

PENALTY

LIQUIDATED DAMAGES               0.25% of contract value per week shall be
                                 deducted for delay beyond the date of
                                 completion; Maximum 5% of the contract value
                                 shall be deducted as Liquidated Damages.

                                 All major intermediate milestones, as
                                 determined by Project Manager, will also be
                                 assessed and Liquidated damages shall be
                                 applied for the delay in completion of those
                                 milestones, on the percentage rates and delay
                                 periods as mentioned above and in that case,
                                 the date of completion shall be referred to as
                                 date of completion of that particular
                                 milestone. However, if the contractor manages
                                 to capture part of or complete lost time, a
                                 proportionate reduction in already applied
                                 liquidated damages shall be done.
</TABLE>

(SEAL)
<PAGE>

<TABLE>
<S>                              <C>
BONUS

BONUS                            If the works are completed prior to the due
                                 date of completion, the Owner may declare bonus
                                 for each week's early completion.

INSURANCE

INSURANCE                        a) Contractor's All Risk Policy.

                                 b) Policy to cover Contractor's liability under
                                 Workmen's Compensation Act 1923, Minimum Wages
                                 Act 1948, Contract Labour (Regulation and
                                 Abolition) Act 1970 and other relevant labour
                                 legislations

                                 c) Insurance cover against damage or loss due
                                 to any reason in respect of materials,
                                 equipment and/or work done. Limit of liability
                                 shall not be less than the value of such
                                 materials at any stage of the Contract, for the
                                 period of completion including the Defects
                                 Liability Period.

                                 The Contractor shall produce to the Project
                                 Manager all certificates of insurance within
                                 Seven (7) days from the date of Letter of
                                 Intent

DEFECTS LIABILITY

DEFECTS LIABILITY                Twelve (12) Months from the date of Virtual
                                 Completion. Where extended Guarantee periods
                                 are stipulated in the Contract Documents for
                                 particular parts of the Works, the Contractor
                                 shall furnish appropriate guarantees in
                                 approved formats for same before issuance of
                                 the Final Completion Certificate.
</TABLE>

(SEAL)                               (SEAL)

                                                                              59NUMBER
				

				
				  U-__________
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  UNITS
				

			 

 

	 
		 
	 

	 
			
				
				  SEE REVERSE FOR 

				  CERTAIN DEFINITIONS
				

			 	
				
				  BRAND AND SERVICES ACQUISITION
				  CORP.
				

			 	
				
				   
				

			 

 

	 
		CUSIP __________
	 

	 
		UNITS CONSISTING OF TWO SHARES OF COMMON
		STOCK AND ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK
	 

	 
		THIS CERTIFIES THAT
		______________________________________________________________________________________________
		is the owner of
		_________________________________________________________________________________________________
		Units.
	 

	 
		Each Unit (“Unit”) consists of two
		(2) shares of common stock, par value $.0001 per share (“Common
		Stock”), of Brand and Services Acquisition Corp., a Delaware corporation
		(the “Company”), and one warrant (the “Warrants”). Each
		Warrant entitles the holder to purchase one (1) share of Common Stock for $6.00
		per share (subject to adjustment). Each Warrant will become exercisable on the
		later of (i) the Company’s completion of a merger, capital stock exchange,
		asset acquisition or other similar business combination and
		(ii)            , 2008,
		and will expire unless exercised before 5:00 p.m., New York City Time, on
		           , 2011, or
		earlier upon redemption (the “Expiration Date”). The Common Stock and
		Warrants comprising the Units represented by this certificate shall commence
		separate trading 10 trading days following the earlier to occur of the
		expiration or termination of the underwriters’ over-allotment option in
		connection with the Company’s initial public offering; provided, that, in
		no event may the Common Stock and Warrants be traded separately until the
		Company has filed a Current Report on Form 8-K which includes an audited
		balance sheet reflecting its receipt of the proceeds of its initial public
		offering of securities, including any proceeds received from the exercise by
		the underwriter of its over-allotment option if so exercised prior to the
		Company’s filing of such Current Report on Form 8-K. The terms of the
		Warrants are governed by a Warrant Agreement, dated as of _______, 2007,
		between the Company and Continental Stock Transfer & Trust Company, as
		Warrant Agent, and are subject to the terms and provisions contained therein,
		all of which terms and provisions the holder of this certificate consents to by
		acceptance hereof. Copies of the Warrant Agreement are on file at the office of
		the Warrant Agent at 17 Battery Place, New York, New York 10004, and are
		available to any Warrant holder on written request and without cost. 
	 

	 
		This certificate is not valid unless
		countersigned by the Transfer Agent and Registrar of the Company.
	 

	 
		Witness the facsimile seal of the Company
		and the facsimile signatures of its duly authorized officers.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

				
				  BRAND AND SERVICES ACQUISITION
				  CORP.
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  By:
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  CORPORATE
				

			 	
				
				   
				

			 	
				
				  By:
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  _____________, PRESIDENT
				

			 	
				
				   
				

			 	
				
				  THE STATE OF DELAWARE
				

				
				  SEAL
				

				
				  2007
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  ___________, SECRETARY
				

			 

 

	 
		 
	 

	 
			
				
				  CONTINENTAL STOCK & TRANSFER
				  COMPANY,
 as transfer agent and
				  registrar
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				  By: 
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  Steven Nelson, Chairman
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		BRAND AND SERVICES ACQUISITION
		CORP.
	 

	 
		The Corporation will furnish without charge
		to each stockholder who so requests the powers, designations, preferences and
		relative, participating, optional or other special rights of each class of
		stock or series thereof of the Corporation and the qualifications, limitations,
		or restrictions of such preferences and/or rights. This certificate and the
		securities represented hereby are issued and shall be held subject to all the
		provisions of the Amended and Restated Certificate of Incorporation and all
		amendments thereto and resolutions of the Board of Directors providing for the
		issue of shares of Preferred Stock (copies of which may be obtained from the
		secretary of the Corporation), to all of which the holder of this certificate
		by acceptance hereof assents.
	 

	 
		The following abbreviations, when used in
		the inscription on the face of this certificate, shall be construed as though
		they were written out in full according to applicable laws or
		regulations:
	 

	 
		 
	 

	 
			 	
				
				  TEN COM –
				

			 	
				
				  as tenants in common
				

			 	
				
				   
				

			 	
				
				  UNIF GIFT MIN ACT -
				

			 	
				
				   
				

			 	
				
				  Custodian
				

			 	

				
				   
				

			 
	 	
				
				  TEN ENT –
				

			 	
				
				  as tenants by the entireties
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  (Cust)
				

			 	
				
				   
				

			 	
				
				  (Minor)
				

			 
	 	
				
				  JT TEN –
				

			 	
				
				  as joint tenants with right of
				  survivorship 
				

			 	
				
				   
				

			 	
				
				  under Uniform Gifts to Minors Act
				  of
				

			 	
				
				   
				

			 
	 	
				
				   
				

			 	
				
				  and not as tenants in common
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  (State)
				

			 
									

 

	 
		Additional Abbreviations may also be used
		though not in the above list.
	 

	 
		For value received,
		___________________________ hereby sell, assign and transfer unto
	 

	 
		 
	 

	 
			
				
				  PLEASE INSERT SOCIAL SECURITY OR
				  OTHER
 IDENTIFYING NUMBER OF
				  ASSIGNEE
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	

				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
			
				
				   
				

			 
	
				
				  (PLEASE PRINT OR TYPEWRITE NAME AND
				  ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
				

			 
	
				
				   
				

			 
	
				
				   
				

			 
	
				
				   
				

			 	
				
				   Units
				

			 
	
				
				   
				

			 
	
				
				  represented by the within
				  Certificate, and do hereby irrevocably constitute and appoint
				

			 
	
				
				   
				

			 
	
				
				   
				

			 	
				
				   Attorney
				

			 
	
				
				  to transfer the said Units on the
				  books of the within named Company will full power of substitution in the
				  premises.
				

			 
	
				
				   
				

			 
	
				
				  Dated
				  _______________________
				

			 
			

 

	 
		 
	 

	 
			
				
				   
				

			 	

				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  Notice:
				

			 	
				
				  The signature to this assignment
				  must correspond with the name as written upon the face of the certificate in
				  every particular, without alteration or enlargement or any change
				  whatever.
				

			 

 

	 
		Signature(s) Guaranteed:
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 
	
				
				  THE SIGNATURE(S) SHOULD BE
				  GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS
				  AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
				  SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]