Page 234 - GSTL_21st May 2020_Vol 36_Part 3

480 GST LAW TIMES [ Vol. 36
3.2 Notwithstanding the break-up of the Contract Price, the Con-
tract shall, at all times, be construed as a single source responsibility
Contract and any breach in any part of the Contract shall be treated as
a breach of the entire Contract.
5. For release of advance payment (admissible as per the Bid-
ding Documents) equal to 10% of the Ex-works Price compo-
nent of the Contract Price for Main Equipment (excluding
spares), you are, inter alia, required to furnish Bank Guarantee
for the equivalent advance amount, as detailed at APPENDIX
(N0A)-3. Further, please note that furnishing of all the Contract
Performance Securities under the ‘First Contract’, ‘Second Con-
tract, ‘Third Contract’, ‘Fourth Contract’, ‘Fifth Contract’ and
‘Sixth Contract by the JV and Contract Performance Securities
under “Third Contract’ and ‘Fifth Contract’ by you (Associate of
the JV i.e. SIEMENS-1) shall be one of the conditions precedent
for release of advance under this Contract.
7. The schedule for Taking Over/Time for Completion of the
Facilities by the Employer upon successful completion of the
+320KV, 2X1000MW VSC based HVDC Terminals and DC
XLPE Cable system between Pugalur and North Trichur associ-
ated with HVDC Bipole link between Western region (Raigarh,
Chhattisgarh) and Southern region (Pugalur, Tamil Nadu-
North Trichur, Kerala) and the Additional Time for Completion
for all contractual purposes in line with the provisions of the
Bidding Documents shall be as follows :

Sr. Completion (Taking Over) of : Duration
No. from the
effective
date of
contract
Time for Completion
1. +320KV, two 1000MW Voltage Source Con-
verter (VSC) based HVDC transmission
system between Pugalur (Tamil Nadu) and
North Trichur (Kerala)
a. Monopole 1 and associated Cable sys- 38 months
tem
b. Monopole 2 and associated Cable sys- 38 months
tem
Additional Time for Completion# : 30 weeks

# Additional Time for Completion shall be subject to levy of
Liquidated Damages (LD) as per provisions of Bidding Docu-
ments’
* The Time for Completion (Taking Over) for the Replica along
with Real Time Simulator and IPSRTS for real time studies in-
cluded in the above Facilities will be 45 months.
8. This Notification of Award constitutes formation of the
Contract and comes into force with effect from the date of issu-
ance of this Notification of Award.

GST LAW TIMES  21st May 2020  234