NIQ Terms & Conditions

01. Security Deposit: - The bidder, whose tender is accepted, shall submit Security Deposit of equivalent to 10% of the Contract Amount or 10% will be deducted as Security Deposit from each bill and the same amount will be release after satisfactory completion of work. No interest will be payable on security deposit.

02. Concessions to Small Scale Industries (SSI) Units & Central Public Sector Enterprises (CPSEs) will be applicable as per Govt. of India guidelines.

03. No Quotation shall be accepted to a party or an individual falling under the Following categories:

a) Having outstanding dues in respect of any contract with Airports Authority of India, at any airport under its administrative control. b) Debarred /black-listed by Central Vigilance Commission, Central Bureau of Investigation or by Airports Authority of India.

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