Paper For Magnetic Ink Character Recognition (MICR) Cheque Printing (V3) Conforming To IS 11087

OPTION CLAUSE: The Purchaser reserves the right to increase or decrease the quantity to be ordered up to 25 percent of bid quantity at the time of placement of contract. The purchaser also reserves the right to increase the ordered quantity up to 25% of the contracted quantity during the currency of the contract at the contracted rates. The delivery period of quantity shall commence from the last date of original delivery order and in cases where option clause is exercised during the extended delivery period the additional time shall commence from the last date of extended delivery period. The additional delivery time shall be (Increased quantity ÷ Original quantity) × Original delivery period (in days), subject to minimum of 30 days. If the original delivery period is less than 30 days, the additional time equals the original delivery period. The Purchaser may extend this calculated delivery duration up to the original delivery period while exercising the option clause. Bidders must comply with these terms.

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Bidders can also submit the EMD with Payment online through RTGS / internet banking in Beneficiary name IOB UTILITY ACCOUNT Account No. 901102000641125 IFSC Code IOBA0009011 Bank Name INDIAN OVERSEAS BANK Branch address CENTRAL OFFICE, GAD, CHENNAI . Bidder to indicate bid number and name of bidding entity in the transaction details field at the time of on- line transfer. Bidder has to upload scanned copy / proof of the Online Payment Transfer along with bid.