KARNATAKA STATE BEVERAGES CORPORATION LIMITED (A Govt. of Karnataka Enterprise) 78, Seethalakshmi Towers, Mission Road, Bangalore-560 027. Ph:22483638/ 39 Fax:22483645 Tender Reference Number: KSBCL/SYS2-039 Date: 20-06-2014 TENDER DOCUMENT for Supply and Installation of Zero Client Access Devices, Monitors, Keyboards and Mouse to the Karnataka State Beverages Corporation Limited, Corporate Office, Bangalore Tender Processing Fee and EMD shall be paid through e-procurement in the following modes: Online Payments: i. Credit card - Visa or Master card (any bank) ii. Debit card Visa, Master or Maestro card (any bank) iii. Net banking Selected Banks only Offline Payments: iv. NEFT/RTGS (Any nationalized bank) v. Remittance at the bank counter using challan (ICICI bank only) Earnest Money Document Rs.10,000/- (Rupees ten thousand only) Tender Document No.KSBCL/SYS2-039 Page 1 of 22
Request for Quotation Karnataka State Beverages Corporation Limited, (the Corporation or KSBCL in short) invitees offers through e-procurement from eligible, reputed OEM s and/ or their authorized vendors for Supply and Installation of Zero Client Access Device, Monitors, Keyboard and Mouse to the various locations of Karnataka State Beverages Corporation Limited. The details are given below: Tender Reference EMD KSBCL/SYS2-039 Rs.10,000/- Tender Publishing date 20-06-2014 Last Date for receipts of offer Date and time of opening Technical offer Date and time of opening Financial offer Address for Communication 03-07-2014 at 17:00 Hours 07-07-2014 at 15:30 Hours Will be intimated later. The Managing Director Karnataka State Beverages Corporation Limited. Contact Telephone Numbers 080 2213 0126 Address: Office No.78, Seethalakshmi Tower, Mission Road, Bangalore-560 027, Karnataka Tender Document No.KSBCL/SYS2-039 Page 2 of 22
1. About the Corporation; Karnataka State Beverages Corporation Limited is a wholly owned Government of Karnataka Company and is the sole canalizing agent of liquor sales in Karnataka State. Majority of the Corporation s activities are computerized. 2. Present IT Infrastructure Servers: HP DL 580 server with Windows Server 2008 Enterprise edition operating system with Oracle 11g Data base. HP ML110 Servers with Windows Server 2008 STD edition are operating in our Depots. Desktop PC s: HP make and Dell make core i3 and core i5 with 4GB RAM and Windows 7 operating System Desktop PC s in networking environment in our Corporate Office and in our Depots spread across the State.. 3. Objective of this Tender Work Objective of the tender is to procure 27 numbers of Zero Client Access Device, Monitors, Keyboard and Mouse to the various offices of Karnataka State Beverages Corporation Limited. It may be noted that the requirement given in this tender is indicative only and the Corporation may decide to purchase ± 10 of the quantity Zero Client Access Device, Monitors, Keyboard and Mouse specified in this tender from the L1 within a period of (6) six months from the date of issue of the purchase order relating to this tender at the same rate as agreed by the Corporation and OEM s/ vendor at the time of placing Purchase Order. 4. The scope of this tender includes: To supply & integrate Zero Client Access Device, Monitors, Keyboard and Mouse to the network through the Desktop PC s. 5. Qualification Criteria Only the vendors who meet all the qualifications mentioned in Annexure-1 Qualification Criteria of the tender are eligible to participate in the tender. Tender Document No.KSBCL/SYS2-039 Page 3 of 22
6. Terms and Conditions The Terms and conditions for OEM s/ vendors who participate in this tender are specified in the section named in Annexure-2 Terms and Conditions. These terms and conditions are binding on all the OEM s/vendors. These terms and conditions will also form part of the purchase order, to be issued to the successful OEM s/vendor(s) on the outcome of the tender process. 7. Earnest Money Deposit (EMD) Vendor/ OEM are required to deposit EMD of Rs.10,000/- (Rupees ten thousand only) through e-procurement in the following modes: Online Payments: i. Credit card - Visa or Master card (any bank) ii. Debit card Visa, Master or Maestro card (any bank) iii. Net banking Selected Banks only Offline Payments: iv. NEFT/RTGS (Any nationalized bank) v. Remittance at the bank counter using challan (ICICI bank only) Offers made without E.M.D. will be summarily rejected. No interest would be payable on the EMD amount. The EMD shall be refundable to un-successful tenders after placing Purchase Order. EMD of the successful tenderer will be refunded after the receipt of Performance Bank Guarantee. 8. Forfeiture of EMD If the successful vendor fails to fulfill the obligations specified in this tender document, EMD paid by the successful vendor will be forfeited. 9. Offer Validity Period The offer should be valid for a period of 180 days from the date of the opening of the offer. 10. Address for Communication The Managing Director, Karnataka State Beverages Corporation Limited, Tender Document No.KSBCL/SYS2-039 Page 4 of 22
No.78, Seethalakshmi Tower, Mission Road, Bangalore-560 027, Karnataka 11. Proposal Ownership The proposal and all supporting documentation submitted by the vendors shall become the property of the Corporation. 12. Modification and Withdrawal of Offers OEM s/vendors are not allowed to modify their offers once submitted. However, OEM s/vendors are allowed to withdraw their offers anytime before the last date and time specified for receipt of offers. No offer can be withdrawn by an OEM s/vendors after the closing date and time for submission of offers. 13. Opening of offers Offers received within the prescribed closing date and time will be opened in the presence of only the OEM s/vendors who have submitted their offer in response to this tender on the date and time specified in this tender document. The OEM s/vendors present shall sign a register of attendance. 14. Preliminary Scrutiny Offers from OEM s/vendors not meeting the qualification criteria will be rejected. The Corporation will scrutinize the offers received to determine whether they are complete and as per tender requirements, whether documentation as asked for and required to evaluate the offer has been submitted, whether the documents have been properly signed and whether items are offered as per the tender requirements. 15. Clarification of Offers To assist in the scrutiny, evaluation and comparison of offers, the Corporation may, at its discretion, ask some or all vendors for clarifications on the offer made by them. The request for such clarifications and the OEM s/vendors response will necessarily be in writing. Tender Document No.KSBCL/SYS2-039 Page 5 of 22
16. No Commitment to Accept any Offer The Corporation shall be under no obligation to accept any offer received in response to this Tender and reserves its right to reject all offers including incomplete offers without assigning any reason whatsoever. The Corporation reserves the right to make any changes in the terms and conditions of purchase as and when need is felt. The Corporation will not be obliged to meet and have discussions with any OEM s/vendors and /or to entertain any representations. 17. Submission of Technical Details in the epayment portal It is mandatory to upload the documents related to the technical details in the exact order in which it is listed below a) Documents required as indicated in the Annexure 1: Minimum Qualification Criteria. b) Annexure 3 : Details of The Vendor c) Annexure 4 : Covering Letter Format d) Annexure 5 : Letter of Undertaking of Authenticity e) Annexure 6 : Technical Specifications of the Items The offer may not be evaluated /may be rejected by the Corporation in case of nonadherence to the format or partial submission of technical information as per the format given in the offer. The deviations in the technical requirements should be mentioned in the Technical Offer only [Annexure 6] and on the contrary specifying the deviations elsewhere in the offer is not acceptable and will not be considered. The Corporation shall not allow/permit changes in the technical specifications after due date for submission of offers. 18. Submission of Financial Details in the epayment portal It is mandatory to provide the Commercial offer details in the exact format of Annexure 7 : Commercials of the Offer. Tender Document No.KSBCL/SYS2-039 Page 6 of 22
19. Documentation Technical information in the form of Brochures/Manuals/CD etc. must be submitted in support of the Offer made. 20. Erasures or Alterations The Offers containing erasures or alterations will not be considered. There should be no hand-written material, corrections or alterations in the offer. Technical details must be completely filled in. Correct technical information of the product being offered must be filled in. Filling up of the information using terms such as OK, accepted, noted, as given in brochure/manual is not acceptable. The Corporation may treat such Offers as not adhering to the tender guidelines and as unacceptable. 21. Multiple Offers The vendor desirous of offering the Corporation multiple offers should submit separate offer. Each offer should be complete in all respects and should not make cross-reference to details given in other offer. Every such offer should accompany separate EMD & processing fee. Offers made without E.M.D. & processing fee will be rejected. In case any vendor offers more than one response and submits only one EMD & processing fee, then the Corporation will consider the offer received along with EMD and complete in all aspects for evaluation and subsequent offers will not be evaluated. 22. Costs & Currency The Offer must contain costs mentioned in Indian Rupees only, including the following: 1. Cost of the equipments specified with Installation and commissioning charges, if any, 2. Minimum of three years comprehensive on-site warranty covering all parts & labour. This period will start from the date of acceptance by the Corporation in writing. 3. Packing, Forwarding and Transportation charges up to the site. 4. Insurance to cover equipment up to the installation at site and handing it over to the Corporation. 5. All taxes and levies. Tender Document No.KSBCL/SYS2-039 Page 7 of 22
23. Fixed Price The Offer shall be on a fixed price basis, inclusive of all taxes. No price increase due to increases in customs duty, excise, tax, dollar price variation etc. will be permitted. However, any downward revision of customs duty, excise, tax, dollar price, the benefit of which has to be passed on to the Corporation. 24. Guarantees The vendor should guarantee that the items delivered to the Corporation are brand new, including all components. 25. Letter of undertaking of Authenticity The vendor should give an undertaking in the format given in Annexure 5. 26. Negotiation It is absolutely essential for the vendors to quote the lowest price at the time of making the offer in their own interest, as the Corporation will not enter into any price negotiations, except with the lowest quoting vendor (L1), in case of necessity, whose Offer is found to be technically in line with the tender specifications. 27. Liabilities of KSBCL This tender is not an offer by the Corporation, but an invitation for vendor responses. No contractual obligation on behalf of the Corporation, whatsoever, shall arise from the tender process unless and until a formal contract is signed and executed by duly authorized Officers of the Corporation and the Vendor. 28. Proposal Process Management The Corporation reserves the right to accept or reject any/all proposal/ to revise the tender, to request one or more re-submissions or clarifications from one or more Vendors, or to cancel the process in part or whole. No Vendor is obligated to respond to or to continue to respond to the tender. Additionally, the Corporation reserves the right to alter the requirements, in part or whole, during the tender process. Each party shall be entirely responsible for its own costs and Tender Document No.KSBCL/SYS2-039 Page 8 of 22
expenses that are incurred while participating in the tender, subsequent presentation and contract negotiation processes. 29. Downloading of Tender document from Corporation s website and e-procurement website https://eproc.karnataka.gov.in/ The tender document is also available for download from the Corporation s website www.ksbcl.com In case of any dispute/discrepancy the physical version of the tender available with the Corporation will be final & binding on all who participate in the tender. Tender Document No.KSBCL/SYS2-039 Page 9 of 22
Annexure-1 Minimum Qualification Criteria 1. The vendor must have an office in Bangalore, Karnataka. Vendor should enclose attested copies of Property tax bill/ Lease agreement/ Electricity Bill/ Telephone Bill/ VAT/CST Registration and PAN. 2. The vendor company/ firm should have annual turnover of Rs.25 lakhs or above from businesses relating to sales and support for Computer Hardware in India during the last 3 years (2011-12, 2012-13 and 2013-14). Vendor/ OEM should furnish copies of audited balance sheets for the last three years (in support of annual turnover) or Certificates issued by Chartered Accountant. 3. The vendor should have experience for the supply, installation, integration commissioning and maintenance of Computer hardware in Government Sector i.e. Government, Public Sector Undertakings, Autonomous Bodies, Research and Educational Institutions etc. The vendor must have at least 3 customer reference sites of Computer hardware installation in Karnataka. The vendor should submit copies of PO/ client certificates as the documents along with the format. Sl.No. 1. 2. 3. Name of the Organization Experience Details (Customer References) Contact Person Contact Telephone no, email id and Address Date/ Period of Implementation Type of supporting document submitted Note: Please fill this form and submit the supporting documents for each customer reference. Failing to submit the same may lead to the rejection of the bid. You may add the customer references by adding multiple rows. 4. The vendor should be an Authorized System Integrator having a direct purchase and support agreement with the original equipment manufacturer (OEM) the components intended in this tender. Proof for the same to be enclosed as MAF. Tender Document No.KSBCL/SYS2-039 Page 10 of 22
Annexure-2 Terms and Conditions 1. The Tender submitted after the due date and time shall be rejected. 2. Bid documents must be clearly legible, duly signed by authorized signatories. 3. Vendor may visit KSBCL for inspecting existing setup, if required prior to submission of bid. 4. No disputes regarding the form, nature or quality of infrastructure and site shall be entertained after submission of the Bid by the Vendor. 5. Time Schedule 1. Issue of Acceptance Letter D 2. Installation and commissioning of all items D + 15 days 3. Fine tuning/testing/troubleshooting & stabilization D + 21 days 6. All necessary permissions and approvals (including statuary, regulatory permissions, approvals etc) required for carrying out the contract work shall be the responsibility of the vendor. 7. Bid Pricing: Prices stated in the Bid-Offers submitted by vendors/ OEM s are in accordance with Terms & Conditions in the tender document. The Vendors further understand that the quantities and scope of work as specified in this Tender may vary at the time of Award of Purchase Order as per the discretion and requirements of the Corporation. 8. Payment terms: 90% of cost for the items supplied and on successful completion of the work. Balance 10% of after 30 days of satisfactory installation, acceptance by the Corporation and on submission of Performance Bank Guarantee, Final bill. 8. Taxes/Duties/Etc.: All applicable taxes should be clearly and separately mentioned in the bid. 9. Penalty: Failure to supply or commission all or some equipments on or before the stipulated date will entail a penalty equal to 0.5% of the value of the contract price per week/part thereof subject to maximum of 10% of total bid value. 10. Bank Guarantee: Once the Purchase Order is raised on the name of the successful vendor, a Performance Bank Guarantee as in Annexure -8 (PBG) of 10% of the cost of the Purchase Order valid for the warranty period would be submitted by the Contractor to the Corporation before putting request for release of balance of payment. 11. WARRANTY: Onsite warranty for all Hardware delivered and installed for minimum of three years and extended as per OEM Guarantee/ Warranty period. The equipment must be warranted against all manufacturing / installation defects for at least a period of 36 months (Please indicate Guarantee/ Warranty period offered by Tender Document No.KSBCL/SYS2-039 Page 11 of 22
you on the product in your bid) from the date of successful installation and acceptance. In case, a part thereof or the whole equipment is found defective the same will have to be rectified/replaced on free of charge basis without lapse of time. In case the equipments are not repaired/replaced within the Service Time quoted the Bank Guarantee will be invoked without assigning any reason. 12. Resolution of Disputes The Corporation and the vendor shall make every effort to resolve amicably, by direct informal negotiation, any disagreement or dispute arising between them under or in connection with the contract. If after thirty days from the commencement of such informal negotiations, the Corporation and the Vendor have been unable to resolve amicably a contract dispute; either party may require that the dispute be referred for resolution by formal arbitration. All questions, disputes or differences arising under and out of, or in connection with the contract, shall be referred to two Arbitrators: one Arbitrator to be nominated by the Corporation and the other to be nominated by the Vendor. In the case of the said Arbitrators not agreeing, then the matter will be referred to an umpire to be appointed by the Arbitrators in writing before proceeding with the reference. The award of the Arbitrators, and in the event of their not agreeing, the award of the Umpire appointed by them shall be final and binding on the parties. The Arbitration and Reconciliation Act 1996 shall apply to the arbitration proceedings and the venue of the arbitration shall be Bangalore. 15. The location where the equipments are to be installed shall be identified by the representative of the System Group. 16. The quality of the material being installed should be to the satisfaction of System Group. 20. The award of work shall not be assigned, transferred or sub-delegated to other Contractors except with the written approval of the Corporation. 21. The OEM s/vendor shall indemnify the corporation against all the losses, destruction or damages to any property or injury caused or death of any person caused by the negligent act or omission of the OEM s/vendor their Employees agent or subcontractors. Signature of Vendor Name & Designation: Company/ firm Seal Tender Document No.KSBCL/SYS2-039 Page 12 of 22
Annexure 3 Details of the Vendor Details filled in this form must be accompanied by sufficient documentary evidence, in order to facilitate the Corporation to verify the correctness of the information. Sl. Item No 1. Name of Company/ firm 2. Postal Address 3. Telephone, mobile and Fax numbers Constitution of the Company/ firm 4. Name and designation of the person authorized to make commitments to the Tender 5. Bank 6. Email Address 7. Year of commencement of Business 8. Sales Tax Registration Number 9. Income Tax PAN Number 10. Service Tax Registration number 11. Whether direct manufacturer or authorized dealer/agent 12. Name and Address of manufacturer 13. Location of Manufacturing facility 14. Website address of the Company/ firm Details Signature of Vendor Name & Designation: Company/ firm Seal Tender Document No.KSBCL/SYS2-039 Page 13 of 22
Date: 2014 Annexure 4 Covering letter format (Should be in the letterhead of the Company/ firm) Offer Reference No.: To: The Managing Director, Karnataka State Beverages Corporation Limited, No.78, Seethalakshmi Tower, Mission Road, Bangalore-560 027. Dear Sir, Tender Ref: Having examined the tender document including all Annexures the receipt of which is hereby duly acknowledged, we, the undersigned, offer to Supply and Installation of Zero Client Access Device, Monitors, Key Board and Mouse to various office of KSBCL in conformity with the terms and conditions as indicated in Annexure-2 indicated and supply the items at the prices indicted by us as per the Annexure-8 in the offer and made part of this offer. If our offer is accepted, we undertake to complete delivery & installation within time frame mentioned in terms and conditions. We agree to abide by this offer till 180 days from the date of opening of the commercial offer by the Corporation and our offer shall remain binding upon us and may be accepted by the Corporation any time before the expiration of that period. Until a formal contract is prepared and executed, this offer, together with the Corporation s written acceptance thereof and the Corporation s notification of award, shall constitute a binding contract between us. We understand that the Corporation is not bound to accept the lowest or any offer the Corporation may receive without assigning any reason whatsoever. Tender Document No.KSBCL/SYS2-039 Page 14 of 22
We certify that we have not been blacklisted / barred to participate in Tender or to supply hardware by any of the Public Sector Under takings, Government Organizations and Public Sector Banks in India. We confirm that we are agreeable to participate in the Reverse auction that may be conducted by a Service Provider appointed by the Corporation for this purpose to identify the L1 vendor. Dated this day of 2014 Signature: (in the Capacity of:) Duly authorized to sign the offer for and on behalf of Name: Contact No: Email id: Tender Document No.KSBCL/SYS2-039 Page 15 of 22
Annexure 5 Letter of Undertaking of Authenticity 1. We undertake that all the components/parts/assembly/software used shall be original, new components/ parts/ assembly/ software only and that no refurbished/ duplicate/ second hand components/ parts/ assembly/ software are being used or shall be used. 2. We also undertake that in respect of licensed operating system, shall be supplied along with the authorized license certificate and also that it shall be sourced from the authorized source. We hereby undertake to produce the certificate from an OEM supplier in support of above undertaking at the time of delivery/ installation. It will be our responsibility to produce such letters from our OEM suppliers at the time of delivery or within a reasonable time. 3. In case of default and we are unable to comply with the above at the time of delivery or during installation for the IT Hardware/ Software already billed, we agree to take back the equipments/ items without demur, if already supplied and return the money, if any paid to us by you in this regard. Signature (name) on behalf of (Name of the vendor) Tender Document No.KSBCL/SYS2-039 Page 16 of 22
Annexure 6 Technical Specifications For Zero Client Access Device, Monitors, Keyboard & Mouse Sl. No Item Description 1. Zero Client Access Device Technical Specification User access through Zero Client & Virtualization software which should include following :- Virtualization software supporting Windows Server 2003, Win 2008, Win 2008 R2 64 Bit Windows XP, Windows 7 professional 32 bit and Ubuntu Linux with integrated Management Console to manage the Access Devices. Virtualization software should also have Integrated Management Console to Manage the Access devices like Shadow, Asset Management, Firmware upgrade, Grouping, Configuration Template copy & paste. Hardware Design:- Solid-state design with No moving parts, NO Physical RAM, Flash & local user storage. System-on-Chip design with embedded firmware. Should support Full Motion & Full Screen Videos Should Support Auto Failover & Load balance feature Product Certification ROHS, FCC, CE Certified Operating systems Support:- Windows Server 2003, Win 2008, Win 2008 R2 64 Bit, Windows XP, Windows 7 professional 32 bit and Ubuntu Linux Online feature of virtualization software update or upgrade (remote update via Management Console should be supported) Data security: - No local data storage on device. Option to enable & disable USB data access control from Management Console. Ports:- Access device should have built-in 100 Mbps Ethernet port, Speaker, Mic port, 2 USB for peripheral connectivity & 2 USB for KBD/ Mouse Display: - Access device should have built-in SVGA Monitor output port supporting resolution upto 1920 x 1080 wide display. Power: - Power consumption of each access Make and Model of OEM brands Deviations if any and reasons Tender Document No.KSBCL/SYS2-039 Page 17 of 22
2. 18.5-inch LED Backlit LCD Wide screen Monitor 3. 104 keys Keyboard 4. Optical Mouse device should not exceed more than 5 watts. Each user should have independent desktop working environment. Each access device should be able to be fixed to TFT Monitor. VESA Monitor mounting bracket should be included along with Access Device. Power supply/cord, Virtualization software CD/ license, software installation & user guide, Quick Install Guide. 3 Years Onsite Warranty. TCO-05 certified, EPA ENERGY STAR 5.0 Qualified, Tilt: -5 to +20, 5ms Response Time, Max Preset Resolution: 1440 x 900 at 60 Hz, etc., 3 Years Onsite Warranty USB wired 104 keys, Windows 7 compatible Keyboard. 3 Years Onsite Warranty USB & wired Optical Mouse, Windows 7 compatible. 3 Years Onsite Warranty Signature of Vendor Name & Designation: Company/ firm Seal Signature of Vendor with Company/ firm Seal Tender Document No.KSBCL/SYS2-039 Page 18 of 22
Annexure 7 Commercials of the Offer (In Indian Rupees) Sl. Item Description Model Unit Quantity Item Rate No. and Make Unit Rate X quantity cxd All taxes Sub total a b c d e f g=e+f 1. Zero Client Access Device 2. Monitor 3. Key Board 4. Mouse GRAND TOTAL (Words): Note: The vendors are required to fill all the columns in the price schedule in numeric INR only (No NA/blank column/ - / NIL etc.). Signature of Vendor with Company/ firm Seal Tender Document No.KSBCL/SYS2-039 Page 19 of 22
Annexure 8 Performance Bank Guarantee To: The Managing Director, Karnataka State Beverages Corporation Limited, No.78, Seethalakshmi Tower Mission Road, Bangalore-560 027. WHEREAS...(Company/ firm Name) registered under the Indian Companies Act 1956 and having its Registered Office at..., hereinafter referred to as the VENDOR has undertaken to Supply and deliver Install the Hardware / Software, including supply of Spares, Comprehensive inland Transportation, Storage at site, their installation, Testing and Commissioning and demonstration of Guaranteed Performance and Training of Personnel in respect of Hardware / Software in terms of the Purchase Order bearing No.... dated..., hereinafter referred to as the CONTRACT. AND WHEREAS in terms of the Conditions stipulated in the said Contract, the VENDOR is required to furnish, performance Bank Guarantee issued by a Scheduled Commercial Bank in your favour to secure due and satisfactory compliance of the obligations of the VENDOR in accordance with the Contract ; THEREFORE, WE,...(Name of the Bank) furnish you this Performance Guarantee in the manner hereinafter contained and agree with you as follows: 1. We,...Bank do hereby undertake to pay the amounts due and payable under this Guarantee without any demur, merely on a demand, which has to be served on us before the expiry of this guarantee, time being essence of the contract, from you stating that the amount claimed is due by way of loss or damage caused to or would be caused to or suffered by you by reason of breach by the said vendor of any of the terms and conditions contained in the Contract or by reason of the vendor s failure to perform the said contract. Any such demand made on us within the time stipulated above shall be conclusive as regards the amount due and payable by us under this guarantee. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs... (Rupees ----------- Only). Tender Document No.KSBCL/SYS2-039 Page 20 of 22
2. We undertake to pay to you any money so demanded notwithstanding any dispute/s raised by the vendor in any suit or proceeding before any Court or Tribunal relating thereto, our liability under these presents being absolute and unequivocal. The payment so made by us under this guarantee shall be a valid discharge of our liability for payment there under and the vendor shall have no claim against us for making such payment. 3. We further agree that, if demand. as stated above, is made on us within the stipulated period, the guarantee herein contained shall remain in full force and effect and that it shall continue to be enforceable till all your dues under or by virtue of the said contract have been fully paid and your claims satisfied or discharged or till you certify that the terms and conditions of the said contract have been fully and properly carried out by the said vendor and accordingly discharge this guarantee. Provided, however, serving of a written claim / demand in terms hereof on us for payment under this guarantee on or before the stipulated period, time being the essence of contract, shall be a condition precedent for accrual of our liability / your rights under this guarantee. 4. We further agree with you that you shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder, to vary any of the terms and conditions of the said Contract or to extend time for performance by the said vendor from time to time or to postpone for any time or from time to time any of the powers exercisable by us against the said VENDOR and to forbear or enforce any of the terms and conditions relating to the said Contract and we shall not be relieved from our liability by reason of such variation, or extension being granted to the said Vendor or for any forbearance, act or omission on our part or any indulgence by us to the said vendor or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us. 5. This Guarantee will not be discharged due to the change in the constitution of our Corporation or the Vendor. 6. We lastly undertake not to revoke this guarantee during its currency except with your written consent. NOTWITHSTANDING anything contained herein above; i) Our liability under this Guarantee shall not exceed Rs...... (Rupees...only ) ; Tender Document No.KSBCL/SYS2-039 Page 21 of 22
ii) iii) This Guarantee shall be valid upto and including the...(mention date); and We are liable to pay the guaranteed amount or any part thereof under this Bank Guarantee only and only if you serve upon us a written claim or demand on or before the expiry of this guarantee. Dated this ------------ day of --------2014 For and on behalf of Branch Manager Seal Address Tender Document No.KSBCL/SYS2-039 Page 22 of 22