16.2 The Bid Security shall be in fixed amount as specified in and denominated in Ngultrum (Nu) or the currency of the Bid or in another freely convertible currency, and shall: at the Bidder’s option, be in any of the following (i) a demand unconditional bank guarantee; or (ii) a account payee demand draft; or (iii) a account payee cash warrant. be issued by financial institution in Bhutan acceptable to the Employer selected by the Bidder and located in any eligible country. If the institution issuing the Bid Security is located outside , it have a correspondent financial institution located in to make it enforceable. in the case of a bank guarantee, be substantially in accordance with the form of Bid Security included in Section X, Security Forms, or other form approved by the Employer prior to Bid submission; be payable promptly upon written demand by the Employer in case the conditions listed in ITB Sub-Clause 16.5 are invoked; be submitted in its original form; copies shall not be accepted; remain valid for a period of 30 days beyond the validity period of the Bids, as extended, if applicable, in accordance with ITB 15.2. 16.3 Any Bid not accompanied by a responsive Bid Security shall be Rejected by the Employer as non-responsive. 16.4 The Bid Securities of unsuccessful Bidders shall be returned as promptly as possible upon the successful Bidder furnishing the Performance Security and in any event not later than 30 days after the expiration of the validity of the unsuccessful Bidder’s Bid. 16.5 The Bid Security may be forfeited (a) if a Bidder withdraws its Bid during the period of Bid validity specified by the Bidder on the Bid Submission Sheet, except as provided for in ITB Sub-Clause 15.2; or (b) if the Bidder that submitted the lowest evaluated Bid does not accept the correction of the Bid price pursuant to Clause 27; or (c) if the successful Bidder fails within the specified time limit to (i) sign the Contract; or (ii) furnish the required Performance Security The Bid Security of a JV/C/A must be in the name of the JV/C/A that submits the Bid. If the JV/C/A has not been legally constituted at the Clause
Principal of business: Power of attorney of signatory of Bid: The bidder shall submit the following supporting documents for the above: Copy of the certificate of incorporation issued by the registrar of companies for the bidder in case an incorporated company is bidding Joint-venture agreement between the contractor involved, and copy of the certificate of incorporation issued by the registrar of companies for the incorporated partner in case two or more contractors are bidding together in a joint venture. Letter of Power of Attorney. 3.2 Employment of VTI Graduates Total Number of workforce committed for the project: Number of VTI graduates committed for the project: The bidder shall submit a letter of commitment to employ VTI Graduates for the execution of the project. 3.3 Commitment for internships to VTI graduates The bidder submit a letter of commitment for internship to VTI graduates. Notes on Evaluation Table The following information is provided for the Bidder’s information on the scores that shall be awarded to the bidders based on the qualification information submitted by the Bidders. 1st Stage
43. Payments 61 44. Compensation Events for allowing time extension 62 45. Tax 63 46. Currencies 63 47. Price Adjustment 63 48. Retention 64 49. Liquidated Damages 65 50. Advance Payment 65 51. Securities 65 52. Dayworks 66 53. Cost of Repairs 66 E. Completion of the Contract 66 54. Completion 66 55. Taking Over 66 56. Final Account 67 57. Operating and Maintenance Manuals 67 58. Termination 67 59. Corrupt or Fraudulent Practices 68 60. Payment upon Termination 69 61. Property 69 62. Release from Performance 69 General Conditions of Contract A. General 1. Definitions 1.1 Boldface type is used to identify defined terms. (a) The Adjudicator is the person appointed jointly by the Employer and the Contractor to resolve disputes in the first instance, as provided for in GCC Clauses 25 and 26 hereunder. (b) Bill of Quantities summary of the units and unit prices of the items proposed under the contract. (c) Compensation Events are those defined in GCC Clause 44 hereunder. (d) The Completion Date is the date of completion of the Works as certified by the Employer, in accordance with GCC Sub-Clause 55.1. (e) The Contract is a formal agreement in writing entered into between the Employer and the Contractor to execute, complete, and maintain the Works. It consists of the documents listed in GCC Sub-Clause 2.3 below.
37. Bill of Quantities 37.1 The Bill of Quantities shall contain items for the construction, installation, testing and commissioning work to be done by the Contractor. 37.2 The Bill of Quantities is used to calculate the Contract Price. The Contractor is paid for the quantity of the work done at the rate in the Bill of Quantities for each item. 38. Changes in the Quantities 38.1 If the final quantity of the work done differs from the quantity in the Bill of Quantities for the particular item by more than twenty percent (20%), provided the cost of variation beyond twenty percent (20%) limit exceeds one percent (1%) of the Initial Contract Value the Employer shall adjust the quoted rate up or down to allow for the change. Only when both conditions are met then the quoted rate shall be changed. If the quantity of work executed exceeds the quantity of the item in BOQ beyond the higher specified limit the Employer shall fix the market rate (which may be lower or higher than the quoted rate) to be applied for the additional quantity of the work executed. If the quantity of work executed is less than the quantity of the item in BOQ lesser than the lower specified limit, the Employer shall fix the market rate based on the submission of the contractor (which may be lower/higher than the quoted rate) to be applied for whole of the quantity of the work so executed. 38.2 The rates shall not be adjusted from changes in quantities if thereby the Initial Contract Price is exceeded by more than five percent (5%), except with the prior approval of the Employer in consultation with the Tender Committee. 38.3 If requested by the Project Manager, the Contractor shall provide the Project Manager with a detailed cost breakdown of any rate in the Bill of Quantities. 39. Variations 39.1 The Project Manager order any variation of the form, quality or quantity of the Works or any part thereof that may, in his opinion, be necessary. Each variation may include, but is not limited to, any of the following: (a) increase or decrease in the quantity of any work included in the Contract, (b) omission or insertion of any item of work, (c) change in the character or quality or kind of any such work, (d) change in the levels, lines, position and dimensions of any part of the works, (e) additional work of any kind, or (f) change in any specified sequence or timing of construction activities.
Section IX. Bill of Quantities Name of Work : Improvement works on Yotongla - Jakar Primary National Highway Chainage : 291.00 - 293.00 km The Work includes : C/o & Base course works Sub-Division : Department of Roads, Jakar Sl. No Item Code Description of Item Unit Quantity Rate in Figure (Nu.) Rate in (Nu.) Amount (Nu.) Remarks 1 RW0121 Preparation of Sub-grade with proper camber by excavating earth to depth to the pavement thickness, consolidation with roller, disposal of surplus earth up to 50m Sq.m 3262.60 2 RW0123 Consolidation of sub with roller, and making good the undulation with earth and re-rolling the sub-grade Sq.m 3262.60 3 RW0047 Supplying/collection and stacking of stone aggregates - 63-40mm size cu.m 489.39 4 RW0050 Supplying /collection and stacking of aggregates- 50-20mm size cu.m 326.26 5 RW0055 Supplying /collection and stacking at site -blinding materials cu.m 81.57 6 RW0147 Laying wearing course including screening, sorting, spreading to template and of wearing course to be taken equal to the quantity of aggregate used, excluding blinding materials) - with stone aggregates and blinding materials cu.m 815.65 7 EW0106 Excavation in foundation trenches or drains, not exceeding 1.5m in width or area 10sq.m on plan and depth >300mm including dressing & ramming, disposal of surplus soil cu.m 324.00