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Procurement Contracts CTR-2025-0034

Contract CTR-2025-0034

Active Annual Rate Contract – Laboratory Furniture Supply
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Contract Number CTR-2025-0034
Contract Type Annual Rate Contract
Vendor Godrej Interio Ltd.
Total Contract Value ₹2,45,00,000
Effective Date 01 Apr 2025
Expiry Date 31 Mar 2026
GSTIN 29AABCG1234M1Z5
Version v3.1 (Amendment #2)
General Terms
Line Items
Payment Terms
Delivery Terms
SLA / KPIs
Documents
Amendment History
Compliance Status
General Terms & Conditions
Governing Law Indian Contract Act, 1872 – Karnataka jurisdiction
Arbitration SIAC Rules – Seat: Bangalore
Confidentiality NDA executed – Valid till 31 Mar 2028
Force Majeure Standard clause – 60-day notice period
Termination Notice 90 days written notice by either party
Indemnity Cap Limited to 100% of contract value
Insurance Required ₹1,00,00,000 product liability
Warranty Period 5 years from date of installation
Vendor Information
Registered Name Godrej Interio Ltd.
CIN U36100MH2005PLC123456
PAN AABCG1234M
GSTIN 29AABCG1234M1Z5
Registered Address Godrej One, Pirojshanagar, Vikhroli East, Mumbai 400079
Contact Person Rajesh Menon – [email protected]
MSME Registration Not Applicable (Large Enterprise)
Vendor Rating ⭐ 4.3 / 5.0 (Based on 12 evaluations)
Contracted Line Items & Rates
S.No HSN/SAC Item Description UOM Contracted Rate (₹) Est. Qty Est. Value (₹) GST %
1 94036090 Anti-Vibration Table – Granite Top (1200×750mm) Nos 1,85,000 40 74,00,000 18%
2 94036090 Fume Hood – Ducted (1500mm) with PP Liner Nos 2,45,000 25 61,25,000 18%
3 94036090 Lab Work Bench – C-Frame (1800×750mm) Epoxy Top Nos 68,500 60 41,10,000 18%
4 94036090 Wall Mounted Storage Cabinet – SS304 (900×450mm) Nos 42,000 80 33,60,000 18%
5 94036090 Emergency Shower & Eyewash Station – Combo Unit Nos 35,500 30 10,65,000 18%
6 94036090 Reagent Rack – PP Coated Steel (1200mm) Nos 12,200 100 12,20,000 18%
7 94036090 Sink Unit – PP Cup Sink with Gooseneck Faucet Nos 18,600 65 12,09,000 18%
Total Estimated Contract Value ₹2,44,89,000
Payment Terms
Payment Cycle Net 45 days from invoice date
Early Payment Discount 2% if paid within 15 days
Late Payment Interest 1.5% per month on overdue amount
Payment Mode NEFT / RTGS to designated bank account
Advance Payment 10% against Bank Guarantee (BG)
Retention 5% withheld till warranty completion
Currency INR (Indian Rupees)
TDS Applicability 2% TDS u/s 194C of Income Tax Act
Banking Details
Bank Name HDFC Bank Ltd.
Branch Vikhroli East, Mumbai
Account No. XXXX XXXX 5678
IFSC HDFC0001234
Delivery Terms
Incoterms DDP – Delivered Duty Paid (Bangalore)
Delivery Location VCNR Technologies, Plot No. 42, KIADB Industrial Area, Doddaballapur, Bangalore 561203
Standard Lead Time 6–8 weeks from PO date
Installation Included – vendor to provide certified installation team
Freight & Insurance Included in contracted rates (door delivery)
Packaging Standard Export-grade packing – fumigated wooden crates
Inspection Joint inspection at delivery – 48hr acceptance window
Rejection Policy Replacement within 14 working days at vendor's cost
Service Level Agreements & KPIs
KPI Metric Target Current Status Penalty
On-Time Delivery Rate ≥ 95% 97.2%
Met 0.5% per week delay per item
Quality Acceptance Rate ≥ 98% 99.1%
Met Full replacement cost + ₹5,000/incident
Response Time (Warranty) ≤ 24 hours 22 hours
Met ₹2,500 per hour beyond SLA
Documentation Compliance 100% 100%
Met Invoice held till compliance
Installation Completion ≤ 5 days post-delivery 6.5 days avg
Breach ₹10,000 per day delay
Contract Documents
CTR-2025-0034_Master_Agreement_v3.1.pdf
Master Agreement · 2.4 MB · Uploaded 12 Apr 2025 by Anita Kumar
NDA_Godrej_VCNR Technologies_2025.pdf
NDA · 540 KB · Uploaded 15 Mar 2025 by Priya Nair
Rate_Card_FY2025-26_Lab_Furniture.xlsx
Rate Card · 128 KB · Uploaded 01 Apr 2025 by Anita Kumar
Insurance_Certificate_2025.pdf
Insurance · 310 KB · Uploaded 28 Mar 2025 by Rajesh Menon (Vendor)
Bank_Guarantee_Advance_Payment.pdf
BG Document · 180 KB · Uploaded 05 Apr 2025 by Rajesh Menon (Vendor)
Amendment_02_Rate_Revision_Aug2025.docx
Amendment · 95 KB · Uploaded 18 Aug 2025 by Anita Kumar
Amendment History
01 Apr 2025
Original Contract Executed (v1.0)
Master agreement signed by both parties. Value: ₹2,35,00,000. Approved by Arvind Patel (VP Procurement).
15 Jun 2025
Amendment #1 – Scope Extension (v2.0)
Added 2 new line items (Emergency Shower & Reagent Rack). Contract value increased by ₹22,85,000. Approved by Deepak Sharma (CFO).
18 Aug 2025
Amendment #2 – Rate Revision (v3.0)
Steel price escalation clause triggered. Rates for items 1, 3, 4 revised upward by 4.2%. Net value impact: +₹6,12,000. Approved by Arvind Patel.
20 Aug 2025
Minor Correction (v3.1)
Typographical correction in delivery address PIN code. No commercial impact.
Compliance Status
GST Registration & Filing
GSTIN 29AABCG1234M1Z5 – Active · Returns filed up to Dec 2025
Compliant
Insurance – Product Liability
Policy #INS-PL-2025-8834 · Valid till 31 Mar 2026 · Coverage: ₹1 Cr
Compliant
Bank Guarantee (Advance Payment)
BG #HDFC-BG-2025-4421 · ₹24,50,000 · Valid till 30 Jun 2026
Compliant
ISO 9001:2015 Certification
Certificate expiring 28 Feb 2026 – Renewal in progress
Expiring Soon
Annual Safety Audit Report
FY 2025-26 audit report pending – Due by 31 Jan 2026
Overdue
NDA / Confidentiality Agreement
Executed 15 Mar 2025 · Valid till 31 Mar 2028
Compliant

Contract Renewal

This contract is due for renewal on 31 Mar 2026. Auto-renewal clause is active – 60-day advance notice required for non-renewal. Renewal review initiated by system on 01 Jan 2026.

47
days to expiry