Reference to this office advertisement published in Daily Mashriq, Daily Aaj and The News on 29-08-2018 regarding “Tender Notice” for the Construction of Academic Block at Khushal Khan Khattak University, Karak. The following amendments/additions may please be considered as part of the said Tender Notice.
- The word “Bid Cost” mentioned at serial No. 6 of the advertisement is substituted with “estimated cost”.
- All bidders are required to be registered with the Khyber Pakhtunkhwa Revenue Authority, established under the Khyber Pakhtunkhwa Finance Act, 2013 (Khyber Pakhtunkhwa Act No. XXI of 2013), for works, consulting and non-consulting services as listed in Schedule-II of the Act ibid.
- After commencements of work by the successful bidder 8% call deposit may be replaced with a bank guarantee of the same amount from the scheduled bank and the additional security shall be released to the contractor in four installments i.e. 25% to be released after completing 25% of the project, 50% to be released upon 50% completion, 75% to be released upon 75% completion and the remaining amount to be released after completion of the project. In case the bidder quotes more than 10% below the estimated cost and the bid is not accompanied by the additional security, then the bid shall be considered as non-responsive and the 2nd lowest bidder and so on will be considered accordingly. (this may please be read in continuity with condition mentioned at serial No. 11 of the advertisement)