Version 3
This will create Version 3 of contract CTR-2025-0042
Current version: v2.0 | Last amended: 08 Dec 2024 by Vikram Patel

Tracked Changes 4 changes

Contract Value ₹1,65,00,000 ₹1,85,00,000
Line 1 – Qty 12 Nos 15 Nos
Delivery Terms Ex-Works (Bangalore) FOR Destination
T&C – Clause 2 30 working days 45 working days
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Contract Details
Editing contract CTR-2025-0042 – changes are tracked automatically
Vendor cannot be changed on active contracts
Previous: ₹1,65,00,000
Previous: Ex-Works (Bangalore)
Auto-Renewal
Automatically renew contract on expiry
Price Escalation Clause
Allow annual price escalation based on WPI/CPI index
Performance Security Required
Vendor must submit performance bank guarantee
Contracted Items
Modified items are highlighted. Add or remove items as needed.
# Item / Material HSN/SAC Code UOM Qty Unit Rate (₹) GST % Total (₹)
1 ₹21,96,600
2 ₹8,08,300
3 ₹2,97,360
Subtotal
₹27,85,000
GST (18%)
₹5,01,300
Grand Total
₹32,86,300
Terms & Conditions
Clause 2 has been modified – highlighted below

1. SCOPE OF SUPPLY

The Vendor shall supply the items as listed in the line items section in accordance with the specifications provided by VCNR Technologies India Private Limited ("Buyer"), for the laboratory furniture manufacturing facility in Bangalore, Karnataka.

2. DELIVERY SCHEDULE

All items shall be delivered within 45 working days from the date of individual Purchase Orders raised under this contract. Partial deliveries are acceptable subject to prior written approval from the Buyer. (Changed from 30 working days in v2)

3. QUALITY ASSURANCE

All materials supplied must conform to IS/BIS standards and applicable laboratory safety norms. Test certificates, material certificates, and compliance documentation must accompany each delivery.

4. PAYMENT TERMS

Payment shall be made within 30 days from the date of receipt of valid GST invoice and successful three-way match (PO-GRN-Invoice). TDS deductions applicable as per the Income Tax Act, 1961.

5. LIQUIDATED DAMAGES

For delays beyond the committed delivery schedule, LD @ 0.5% per week of delay shall be applicable, subject to a maximum of 5% of the PO value.

Supporting Documents
Existing documents from previous versions plus any new uploads
Vendor_ISO_Certificate_2025.pdf 1.2 MB v1
Rate_Schedule_Annexure_A_Rev2.docx 380 KB v2
BOQ_Lab_Equipment_FY2025_Updated.xlsx 245 KB New
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Amendment History
Previous versions and amendments of this contract
v2
Version 2.0 – Rate Revision
Updated unit rates for Line Item 1 (Fume Hood) from ₹1,18,000 to ₹1,24,000 based on raw material cost increase. Added performance security clause as per management directive.
Vikram Patel 08 Dec 2024 Approved by Deepa Raghavan
v1
Version 1.0 – Original Contract
Initial contract creation for supply of laboratory fume hoods, anti-vibration tables, and emergency safety equipment. Base value: ₹1,52,00,000. Rate contract for FY 2025-26.
Anita Kumar 15 Oct 2024 Approved by Suresh Iyer (CFO)