B. BIDDING DOCUMENTS Contents of Bidding Documents 8 Clarification of Bidding Documents 9 Amendment of Bidding Documents 9 C. PREPARATION OF BID Language of Bid 10 Documents Comprising the Bid 10 Sufficiency of Bid 10 Bid Prices, Currency of Bid & Payment 10 Documents Establishing Bidder’s Eligibility and Qualifications 11 Documents Establishing Works Conformity to Bidding Documents 11 Bidding Security 11 Validity of Bids, Format, Signing and Submission of Bid 12 D. SUBMISSION OF BIDS FOR SINGLE TWO ENVELOPE BIDDING PROCEDURE Deadline for Submission, Modification & Withdrawal of Bids 12 E. BID OPENING AND EVALUATION FOR SINGLE STAGE TWO ENVELOPE BIDDING PROCEDURE Bid Opening, Clarification and Evaluation 13 Process to be Confidential 15 F. AWARD OF CONTRACT Qualification 16 Award Criteria & Employers Right 16 Notification of Award & Signing of Contract Agreement 17 Performance Security 17 Integrity Pact 17 Bidding Data 18 Bill of Quantities 26 List of Major Equipment – Related Items 28 Organization Chart of the Supervisory Staff and Labor 29 Past Performance &Financial Competence etc 30 SPECIAL STIPULATIONS Amount of Performance Security 10 % Bank Guarantee or 30% Insurance Bond of the sum mentioned in Letter of Acceptance. Additional Performance Security for tenders below than the Engineer's Estimate In case the lowest evaluated bid is below than 15% in relation to the Engineer’s Estimate, the bidder will furnish an additional Performance Security, in the form of Bank Draft or Bank Guarantee in an amount equal to the minus (-) variance with reference to Engineer’s Estimate.
assignee. 1.1.5 “Contractor” the person named in the Contract Data and the legal successors in title to this person, but not (except with the consent of the Employer) any assignee. 1.1.6 “Party” means either the Employer or the Contractor. Dates, Times and Periods 1.1.7 “Commencement Date” means the date fourteen (14) days after the date the Contract comes into effect or any other date named in the Contract Data. 1.1.8 “Day” means a calendar day 1.1.9 “Time for Completion” means the time for completing the Works as stated in the Contract Data (or as extended under Sub-Clause 7.3), calculated from the Commencement Date. Money and Payments 1.1.10 “Cost” means all expenditure properly incurred (or to be incurred) by the Contractor, whether on or off the Site, including overheads and similar charges but does not include any allowance for profit. Definitions 1.1.11 “Contractor’s Equipment” means all machinery, apparatus and other things required for the execution of the Works but does not include Materials or Plant intended to form part of the Works. 1.1.12 “Country” means the Islamic Republic of Pakistan. 1.1.13 “Employer’s Risks” means those matters listed in Sub-Clause 6.1. 1.1.14 “Force Majeure” means an event or circumstance which makes performance of a Party’s obligations illegal or impracticable and which is beyond that Party’s reasonable control. 1.1.15 ‘Materials” things of all kinds (other than Plant) to be supplied and incorporated in the Works by the Contractor. 1.1.16 “Plant” means the machinery and apparatus intended to form or forming part of the Works. 1.1.17 “Site” means the places provided by the Employer where the Works are to be executed, and any other places specified in the Contract as forming part of the Site. 1.1.18 “Variation” means a change which is instructed by the Engineer/Employer under