As Per ITT & TDS & Conditions mentioned below:
1) The rates quoted by the tenderer shall remain fixed for the entire duration of the contract till the contracted work is completed through the contract period. Any price adjustment, escalation, or additional financial claim shall never be entertained/ allowed under any circumstances until the completion of the works.
2) Payment of bills shall be made subject to the availability of funds. However, the contractor shall complete all works within the stipulated time specified in the contract.
3) All payments shall be made according to the rates quoted/submitted by the winner tenderer. Any claim. request, or demand for additional payment due to price escalation, extension of time, market fluctuation, or any other reason shall never be entertained for the interest of the government, as the budget for this work is fixed in the DPP. By participating in this tender, all the tenderers shall he deemed to have unconditionally accepted the above terms and conditions.
Construction of 10-Storied Academic Cum Workshop Building With 10-Storied Foundation Including Sanitary, Water Supply, Fire Fighting & Electrification Works at Mymensingh Polytechnic Institute, Mymensingh. (Pile Foundation).