Professional Documents
Culture Documents
HKKX 4 X Jktlfkku Jkt&I ) Ekpz 1) 2017 191 127
HKKX 4 X Jktlfkku Jkt&I ) Ekpz 1) 2017 191 127
shall be
terminated with
forfeiture of
security deposit.
6. 40(3), 3(xxii) Non-payment of (i) If the breach is
41(2) difference of security remedied within
deposit and the notice period,
performance security no penalty shall
due to enhancement be imposed.
of contract amount. (ii) If the breach is
remedied after
notice period but
before
termination of
contract, four
percent of
security deposit
or rupees forty
thousand,
whichever less,
shall be payable
by the contractor.
(iii) If the breach is
not remedied by
the contractor
after notice
period, contract
shall be
terminated with
forfeiture of
security deposit.