CENTRAL ACT Q-Z
R Railway Claims Tribunal Act 1987 Railway Property (Unlawful Possession) Act 1966 Railways Employment of Members of Armed Forces Act 1965 Rajghat Samadhi Act 1951 &nb
Read MoreANALYSIS TO CLAUSE 2 OF CPWD CONTRACTS
Clause:2 Compensation for Delay This clause deals with liquidated compensation to be imposed on the contractor in case of delay. The compensation is predefined (liquidated) @ 1.5% per month to be computed on per day basis subject to maximum of 10% of the contract value. The decision of the authority imposing compensation is final and binding and it is not open to Arbitration. Following important points are to be learnt. Meaning of compensation The term compensatio
Read MoreANALYSIS OF CLAUSE 3 OF CPWD CONTRACTS
1. Under this clause contract can be determined not rescinded and there is only risk of earnest money, Security deposit already recovered and Performance guarantee and there is no risk and cost. 2. There is a subtle difference between determination of contract and recession of contract. 3. It is not compulsory that EMD, Security and P.G. are compulsorily to be forfeited but it is discretion of the department. However this forfeiture is illegal and not in accordance with Indian Contract Act
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