Contracts Management Best Practices
Below are some of the salient features of RVNL Contracts:
Please click on the above links to know more about these features. Apart from these salient features, we also have improved the contract conditions.
- Based on the experience the sub clause for disqualification of bidders was modified to incorporate that any bidder who has been banned business/black listed by any Govt./PSU OR declared poor performer/any of the previous contracts of the bidder has been terminated/rescinded during the period of last two years/liquidated damages of 5% or more of the contract value has been imposed by RVNL OR has suffered bankruptcy/insolvency OR is in the process of winding-up or there is a case of insolvency pending before any Court will be disqualified
- Bidder is required to submit an undertaking in the form of affidavit on stamp paper stating that he is not liable to be disqualified on any ground as per clause stipulated in the ITB for disqualification.