ANALYSIS OF CLAUSE 10CC CPWD CONTRACTS
This clause is different from the clause 10 C. For the clauses i.e. 10 C and 10 CC are for reimbursement of the expenditure which was not anticipated by the contractor at the time of offering his bid but he was compelled to think as the same was the cost of material/labour or both. The other elements of profit, overheads, damages, loss of profit and tools and plants etc. are not covered in the ambit of this clause. Moreover it is a mandate of clause 10 C that the reimbursement will be made to
Read MoreDRAFT LETTER FOR RELEASE OF PERFORMANCE/BANK GUARANTEES
DRAFT LETTER FOR RELEASE OF PERFORMANCE/BANK GUARANTEES
http://www.iconofhumanity.com/admin/postImages/postImages/files/General%20Letter.pdf
Read MoreANALYSIS TO CLAUSE 5 CPWD CONTRACTS
Clause 5:
- In old agreements only earnest money was to be forfeited but in new agreements EM and PG both are to be forfeited
- Force majeure means the consequences of anything over which either party has no control-
- Undertaking of contractor was under duress-
- Extension of time can be granted to the contractor under this clause. Completion of work, if Read More