TERMS AND CONDITIONS 1. Price : The quoted rate should be D.A.

P Amritsar TRILIUM Mall basis , inclusive of all statutory levies, taxes, duties , packing, forwarding, freight, handling , insurance , installation & commissioning (if applicable) & other charges, including delivery at our stores .The price quoted should remain firm & valid till execution of the order without any escalation whatsoever.
2. Statutory Variation: Price variation in certain cases can be considered only on

account of change in statutory levies (Excise Duty, Sales Tax etc.), taken place between date of bid submission and due date of delivery, subject to submission of breakup of prices at the time of quotation-provided that such adjustments are part of the bid accepted. The additional tax arising out of variation shall be restricted to the contract and cannot be extended to any sub-contracted supply received by the supplier .In the absence of such break-up, any request for any additional payment on account of change in statutory levies will not be entertained. Any increase in statutory duties beyond scheduled delivery is not attributable to TRIF and the same will have to be borne by the supplier. Similarly in
case of any downward revision the benefit should be passed on to TRIF.

3. Payment Terms: Payment shall be made only after delivery of the materials at our Stores in good condition as per our specifications, installation & commissioning of the same if applicable, and its acceptance by TRIF, subject to fulfilment of relevant clause of this tender. Payment will be made within xx days from the date of submission of invoice supported by all document in all respect.
4. Statutory deduction (if applicable): Statutory tax will be deducted at source as applicable (in case installation & commissioning is involved).

5. Delivery: The materials should be delivered as indicated in Annexure A, at our Stores section before xx:xx hours on any working day. The item should be supplied exactly as per our specification. Any deviation / change of item will result in immediate cancellation of the Purchase order. If applicable, installation and commissioning also should be carried out as given in Annexure-A . The delivery vehicle driver should have valid driving license and vehicle documents to enter our Premises. 6. Quantity: The quantity mentioned in the tender is indicative only. The exact quantity may vary at the time of placement of Purchase order. Besides, TRIF shall have the right to place repeat order for upto 50% of the total ordered quantity, at the same terms and conditions at a later date. Also it reserves the right to foreclose the order before the expiry of the validity depending upon need or if the supplies are not as per delivery schedule or the supply is found to be unsatisfactory or due to non-conformance of any terms & condition of the tender.
7. Warranty clause (If applicable): The items should be warranted against defects in material, design, workmanship, etc. for a period of xx months from the date they are put to actual use or xx months from the date of supply. During warranty period the item should be replaced free of cost at our Press. The Warranty certificate should be submitted along with supply or invoice/bill, in our format.

8. Replacement of rejected Materials : The material rejected against a supply must be replaced free of cost by the supplier, on receiving such information from TRIF within 7 days.

9. Liquidated Damages: If the Supplier fails to supply the items within the period prescribed, TRIF may impose liquidated damage @ 0.5 % for every week or part thereof for default subject to a maximum of 5% of the total order value. Quantum of liquidated damages assessed and levied by TRIF shall be final and not Challengeable by the supplier. 10. Risk Purchase: If the contractor fails to deliver the stores or any instalment thereof within the period fixed for such delivery or at any time repudiates the contract before the expiry of such period, the contract or its portion is cancelled at the risk and cost of the contract. In the event of such a risk purchase the defaulting contractor becomes liable for any losses, which the purchaser may sustain on that account.