Contract Appreciation Document (CAD)

Sr.
Description Clause No. Details
No.
Project Name - INDIAN INSTITUTE OF MANAGEMENT
1.
KASHIPUR
Client’s name - INDIAN INSTITUTE OF MANAGEMENT
2.
KASHIPUR
Project - SGS India Pvt. Ltd.
3.
Consultants
Scope of work - Construction of academic, hostels and residential
buildings, along with necessary facilities at permanent
4. campus of IIM Kashipur

Contract Price SCHEDULE Rs. 310,00,00,000/- (Rupees Three Hundred and

5.
‘E’ Ten Crores only)
Type Of Agreement Item Rate Contract
6. Contract Document

Commencement Agreement 11th April 2015

7.
Date Document
Completion NIT Document 30 months from Commencement Date
8.
Period
Mile Stones SCHEDULE 0.5% of tendered amount to be withheld in case non
9.
‘F’ achievement of milestone
Performance Clause 1(i) The contractor shall submit an irrevocable
Bank Guarantee Performance Guarantee of 5% (Five percent) of the
tendered amount in addition to other deposits
mentioned elsewhere in the contract for his proper
10. performance of the contract agreement.

Valid up to stipulated date of completion plus 90

days.

Security Deposit Clause 1A Deducting a sum at the rate of 2.5% of the gross
amount of each running and final bill but till the sum
11.
deducted, will amount to security deposit of 2.5% of
the tendered value of the work.
Mobilization Clause 10B(ii) Mobilization advance not exceeding 10% of the
Advance tendered value may be given, if requested by the
contractor in writing within one month of the order to
12.
commence the work. Such advance shall be in two
or more installments to be determined by the
Engineer-in-Charge at his sole discretion
Priorities Of Clause 9 & a. The contract agreement
Contract 9A, Special
b. The letter of acceptance,
Documents Conditions of
Contract c. Bill of quantity
13. d. Special conditions of contract,
e. General conditions of contract,
f. The drawings,
g. The specification,
14. Time and Clause 5.3 Request for rescheduling of Milestones and
Extension of extension of time, to be eligible for consideration,
Delay shall be made by the contractor in writing within
fourteen days of the happening of the event causing
delay on the prescribed form to the authority

15. Excusable Clause 5.2 it shall be regarded as excusable delays which shall
delays entail extension of time for completion:

(i) Force majeure, or

(ii) Abnormally bad weather, or

(iii) Serious loss or damage by fire, or

(iv) Civil commotion, local commotion of workmen,

strike or lockout, affecting any of the trades
employed on the work, or

(v) Delay on the part of other contractors or

tradesmen engaged by Engineer-in-Charge in
executing work not forming part of the Contract, or

(vi) Non-availability of stores, which are the

responsibility of the Institute to supply or

(vii) Non-availability or break down of tools and

Plant to be supplied or supplied by the Institute or

(viii) Any other cause which, in the absolute

discretion of the Engineer-in-Charge is beyond the
Contractor’s control.

If the General Contractor's performance of the

Contract is delayed by a Force Majeure
occurrence, General Contractor shall immediately
provide to the Owner written
Notification of the delay and its estimated duration.
16. Dispute Clause 25(i), Engineer in charge – 15 days
Resolution / (ii) Director of Institue – 30 days
Arbitration Dispute Redressal Committee – 90 days
Sole Arbitrator – Appointed by the Director of
Institue
17. Arbitration Clause 17.2.2 Two arbitrators are to be
, Page 84 appointed, one by each of the parties and third to be
appointed by the said two arbitrators. Any
arbitration under the Contract shall be held in
Mumbai in State of Maharashtra, India.
The decision of the Arbitrators shall be final &
binding to the parties to this Contract and may be
confirmed and entered as a judgment in
any court of competent jurisdiction.

18. Governing Law Clause 25(ii) Arbitration & Conciliation Act, 1996