Power of Attorney/Authority Letter to sign the Tender Document as applicable. Any other document required as per the tender conditions tenderer shall quote/offer the licence fee per month against each Bus station/premises at which he/she intends to erect the GBMs. The contract amount payable to the corporation will be enhanced @ 5 % every year over the previous year’s contract amount from the second year onwards. NOTE: The tenderer can quote for one or more number of bus stations or for all the bus stations (of their choice) indicated in the list vide Annexure-I. The contract amount shall be quoted in figures as well as in words. There shall not be any alterations in the amount quoted by the tenderer. In case of difference in the amount recorded in figures and words, the amount recorded in words will be taken into consideration. Opening and Evaluation of Tenders: Tenders will be opened in the Corporate Office, APSRTC, Mushirabad, Hyderabad, at 3.00 P.M., on Dt.16.04.15. The Tenderer or any of his/her authorized representative holding authorization letter as at Annexure III, who wish to be present at the time of opening of tenders, shall attend the tenders. the of the date specified for receipt and opening of tender being declared as a holiday for APSRTC’s office, the due date for submission of tenders and opening of tenders will be the following working day. following procedure will be adopted for opening and evaluation of the tenders. Sealed envelope will be opened to verify its contents and if the documents are incomplete or not in the prescribed formats or substantially insufficient to evaluate the Tenderer on the basis of the information contained in it may render the tender invalid. The offers of the Tenderers shall be read out to all the Tenderers or their representatives present at the time of opening. Evaluation of Tender: tender will be evaluated based on the highest amount offered for each bus station separately. Signature of tenderer bus station will be allotted to the tenderer whose quoted amount against that bus station is the highest. If a tenderer emerges as successful bidder for more than one bus station, all the allotted bus stations for which
The corporation shall have the right to invoke the bank guarantee at any time, if the licensee defaults in payment of monthly contract amount or penalty, or for breach of any terms and conditions of the agreement and to adjust the realized amount towards the due amounts payable to the corporation. AGREEMENT & LICENSE PERIOD: The successful tenderer shall enter into an agreement with the Corporation duly paying requisite stamp duty as per the provision of the Indian Stamp Act within 30 days from the date of issue of allotment letter. The license period invariably commences with effect from 31st day of issue of allotment letter. PAYMENT OF LICENCE FEE (CONTRACT AMOUNT): The licensee shall be given 3 months lead period to enable to obtain necessary permissions/licenses and to erect the GBMs. The licensee shall pay the license fee plus applicable service tax from the 4th month from the date of commencement of license period or from the date of commencement of business whichever is earlier. The licence fee shall be enhanced @ 5% per year from the 2nd year onwards. The Licensee shall pay monthly licence fee plus applicable service tax in advance on or before 10th day of every month to the Chief Commercial Manager, Bus Bhavan through a Demand Draft drawn in favour of the Financial Adviser, APSRTC, Musheerabad, Signature of the tenderer. The Licensee shall pay the licence fee to the corporation, without any deductions including T.D.S. In other words, the amount quoted in the Tender / agreed to be paid to the corporation towards the contract shall be paid in toto. In the of delay in payment of monthly licence fee, the Licensee is liable to pay penalty for each day of delay beyond the due date at 36% per annum, in addition to the instalment amount. The licence fee is exclusive of electricity and water (if used by the licensee) charges. Taxes applicable shall be paid extra. If the Licensee to pay the monthly licence fee for three consecutive months, or fails to pay the monthly licence fee within stipulated period, thrice during the course of a calendar year or commits breach of any conditions of the agreement, the Corporation shall have the right to terminate the contract. In case of termination of contract due to breach of terms and conditions of the agreement, corporation shall have the right to adjust the deposits (security