SUPPLY FROM BEARING

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.

Buyer Added text based ATC clauses Vendors to go thru tender attachments carefully to understand scope, terms and con ditions. Consignee details mentioned are for indicative purpose but for actual requirement kindly refer the tender document. Vendor to upload all requisite documents as stipulated in the tender document. Bills to be raised in the name of consignee. Without prejudice to Buyer’s right to price adjustment by way of discount or any othe r right or remedy available to Buyer, Buyer may terminate the Contract or any part th ereof by a written notice to the Seller, if:

• i)The Seller fails to comply with any material term of the Contract. ii) The Seller informs Buyer of its inability to deliver the Material(s) or any part the reof within the stipulated Delivery Period or such inability otherwise becomes apparent. iii) The Seller fails to deliver the Material(s) or any part thereof within the stipulate d Delivery Period and/or to replace/rectify any rejected or defective Material(s) promptly. iv) The Seller becomes bankrupt or goes into liquidation.
• v)The Seller makes a general assignment for the benefit of creditors. vi) A receiver is appointed for any substantial property owned by the Seller. vii) The Seller has misrepresented to Buyer, acting on which misrepresentation Bu yer has placed the Purchase Order on the Seller. HPCL BG formats only to be used. HPCL Terms and Conditions shall supersede. Bidder shall upload Bidder Organization details, Declaration of HSN No., GST rate GS T Status & GSTIN of supply location, HPCL integrity pact, Declaration of Relatives, HP CL GST Declaration & HPCL Delisting declaration undertaking along with bid docume nt for evaluation (please refer tender document attached in Scope of Work and Job d escription document. for details). Bidders seeking benefits under MSE/Public Procurement Policy shall ensure that their MSE sta tus is correctly updated, validated, and reflected in their GeM profile at the time of bid submis sion. Mere submission/uploading of Udyam Registration Certificate, EMD exemption documents, or any other supporting documents in the bid shall not automatically entitle the bidder for MSE p urchase preference benefits unless the MSE status is duly reflected/validated in the GeM syste m during bid evaluation. In case the bidder’s MSE status is not reflected/verified in GeM at the relevant stage of evalua tion, the bidder shall not be considered for MSE purchase preference benefits, and no subsequ ent claim/request in this regard shall be entertained by the Buyer. It shall be the sole responsibility of the bidder to ensure correctness and validity of MSE detail s in GeM prior to bid submission. No post-bid representation regarding non-reflection/non-vali dation of MSE status in GeM shall be considered. .

Buyer uploaded ATC document Click here to view the file.