TRANSCON DEVELOPERS PVT. LTD.

LETTER OF INTENT

Project Address-Deliverables & Bills: Awardee Name : Order Date : 14 -Jun-2017

WO No.:
Transcon Triumph Abhishek Millennium Contracts Projects/TDPL-Andheri/Phase-1/Sales/ WO/
M/S MNP Associates Pvt.Ltd. Plumbing / Jun2017/
Kadam Chawl, Revised / Amended WO. No.:
Opp pramukh heights,
Veera Desai Extension Road,
Andheri (W), Mumbai - 400 058. Reference:
CIN / /Tender No. 1 & Dt.: 10.1.2017
Site Details : Awardee Details:
Ashok Gupte: 9821898282 / 9821887272 Pre-Final Quotation No. & Dt.: 18.5.2017
PM: Ajay Kadam : 7506256257 TEL NO. :022-40481111
DGM: Pankaj Pol LOI No & Dt :. 29.5.2017 Via email
ESIC :
PAN No.:
For Queries on Accounts / Payment : VAT Tin No.: Remarks:
ashraf.sheikh@transcon.in CST No.: Order type: Plumbing ( L+M)
ST No.:
Invoice Billing Details: Applicable Annexure & Appendix:
Transcon Developers Pvt. Ltd. Appendix: - WO for : Entire Project except Infra
Address: Same as Project Address Annexure: 1 + A + B +C + D
works
WO Start Date: 1st Jul 2017
PAN No.: AAECC9463G;
VAT Tin No.: 27660933695V ; WO End Date: 1st Oct 2018
ST:

LOI Entries
With Reference to your Final offer and subsequent discussions with you, we are pleased to release this order superseding all previous
communications (written/verbal), negotiations and orders, against the detailed specifications along with terms & conditions mentioned in
this order:

TERMS & CONDITIONS:

1) Scope of Works: The specifications and scope of work as enumerated in tender / quotation forms the part of this
ORDER. Any conditions / specifications mentioned in Awardee’s said quotation which is at variance from the
condition from the condition / specification mentioned in this ORDER, the terms, conditions and specifications
mentioned in this ORDER shall take precedence.

It is presumed that the the awardee has visited the site and has been thoroughly conversant with the
surroundings, scope & nature of work, local problems, if any, etc.., prior to submission of quotation.

Time shall be considered as the essence of this Contract and the Awardee hereby agrees to commence the Work
and to complete the Work during the Contract Period. Notwithstanding the above the Awardee shall improve on
the implementation period and make every effort to complete the Project ahead of schedule. The Awardee shall

Signature and Seal of “Client” Page 1 of 5 Signature and Seal of “Awardee”

Veera Desai Road, Near Oberoi Springs, Off New Link Road, Andheri (W), Mum-400 053 : 022- 66128100 Email: rohan.bagadiya@transcon.in
 TRANSCON DEVELOPERS PVT. LTD.
not make any claim against the temporary stoppage of work, due to unavoidable reason beyond Client’s control,
Work front availability etc.

The Awardee shall be responsible for the works on composite ( Material + Labour ) basis. The Awardee shall be
responsible for Order, delivery , Storage, Loading & Unloading of Material as per Works schedule. The Client
shall not accept any delay due to non-availability of Material at site.

2) Mobilization & Resource development: Jun 15, 2017

3) Schedule of work: After kick-off meeting on 1-Jun-2017, within 15 days awardee shall submit the schedule of
work to be executed with programme bar chart.

4) Time period: The work shall be completed as per accepted schedule by Engineer-In-charge (E-I-C).

5) Withholding Payments: If the work progress is found unsatisfactory, a part bill amount shall be withheld and shall
be released only after bringing the progress back to the original schedule.

6) Material - Comprehensive Warranty: As per Manufacturing warranty

7) Defects Liability Period: The Contractor shall consider Defects liability period of 5 years from the Completion of the
Plumbing Works. During this defects liability period, contractor shall rectify any defects that arise due to faulty Material ,
Workmanship without any additional cost to the Client within 10 days of getting notice from Client. 

8) Warranty for Works :

The contractor shall submit to the Client Warranty or Guarantee Certificates for all the materials (as requested by Client)
used for the Project Plumbing Works. The contractor shall submit the Comprehensive Warranty for the works executed
with details of Vendor, Contact details, Test certificates, Warranty/Guarantee period.

9) Order Value:
The approximate value of work for the assigned is derived from the Bill of Quantities as per final offer dated May-31-
2017, having the agreed and accepted amount of INR 3.45 Cr + taxes. The Contract value priced by the Contractor
shall remain the base for arriving the Unit rate per Toilet amounting to INR 48,591.55 (as per 710 toilets) for mentioned
scope of works. 

10) B.O.Q: The quantities indicated in Annexure-1 are approximate / estimated and may vary by any extent as per the
job requirement and payment shall be made as per the actual quantity executed & measured for, at site.

11) Variance: Any variation in the indicated area considered for payment shall not constitute reason for any variation
in resource requirement, item rate, claims, disputes and / or any other payment. No claim or dispute shall be
entertained on this account.

12) Accepted Rates: The finalized price are inclusive of all direct and indirect cost required for executing the work
comprising of but not limited to material, wastage, transportation, loading & unloading, shifting to the location of
work, curing, debris removal (waste likely to be generated during the work phase), housekeeping, labour, Travel
Expenses, Equipment & Machinery, Tools & Tackles, erection of scaffolding, Insurance, Contractor all Risk Policy
(CAR), Workmen compensation policy, PF & ESIC, profit & overheads, supervision, rework, damages, royalties,
all the prevailing taxes & duties, octroi, etc. Additionally its not limited to
 To execute the work at all leads, lifts, heights & depths,
 To execute all types and nature of work irrespective of sizes and shapes.
 To mobilize at site sufficient workforce (˘skilled / semi-skilled/ unskilled)
 Any cost towards mobilization / demobilization,
 Cost towards deputing of one whole time representative to receive instructions for to control and guide the

Signature and Seal of “Client” Page 2 of 5 Signature and Seal of “Awardee”

Veera Desai Road, Near Oberoi Springs, Off New Link Road, Andheri (W), Mum-400 053 : 022- 66128100 Email: rohan.bagadiya@transcon.in
 TRANSCON DEVELOPERS PVT. LTD.
workforce for better inputs.
 To execute the work with best workmanship to achieve desired quality of work.
 To execute work in extended hours (overtime), if needed, as per requirement of the project.
 To execute work in close co-ordination with other contractors working at site.
 To provide hand tools to the respected category of workforce for their use of work and quality checking.
 To maintain hygenic condition at labour-camp (if provided)- by your workforce.
 To Pay to the workforce not lesser than Minimum wage/ Fair wage as applicable at the project site.
 For Safety, Safety PPE/ barrication and security,of his men and machinery at site,
 Any idiling or extended stay charges for whatsoever reasons,
 Any rates that’s inclusive of anything that’s required for completion of work in all respect as may be applicable for
this work, damage cause due to your work, etc.

No claim for additional payment/ escalation beyond the agreed price shall be entertained.

13) Taxes : The vendor shall pay all prevailing taxes promptly, and issue in favour of Company appropriate tax paid
challan / acknowledgements and other required compliance documents, that’s mandatory for releasing the tax
amount of the invoice. Additionally, TDS as per applicable rates shall be deducted from your bills.
14) Extra Work / Item: You will take our written prior approval for any extra work/item to be done, in addition to the
ones mentioned in this work order. You will commence the extra works / items after the receipt of the amended
work order.

15) Order Validity: The rates are firm and shall remain valid, fixed and firm for the entire duration of the contract until
the completion of the works to the satisfaction of Client’s Project-in-Charge. The rates are not subject to any
change in drawing, elevation, etc... The rate shall be valid for any variation in size of building, number of floors,
decreased or increased.

16) Payments: Payments will be made based on actual work executed, measured and certified. Awardee must
submit the Invoices as per the format approved by client & set out in Annexure-A.

17) Terms of Payment: - Awardee shall submit R/A bills on pro-rata basis as per the progress of certified work at site
once in a month which shall be paid in approx. 45 days from receipt of invoice along with WO & necessary
documents.

18) Performance Bond : 

The contractor shall submit Performance Bank Guarantee equivalent to 5% of the Contract Value within
14 days of Issue of Letter of Intent.

19) Retention Money :

Cash Retention equivalent to an amount of 5% of each Running Account Bill subject to maximum of 5%
of Contract Value shall be retained till end of the Defect Liability Period. 
20) Work Execution standard: All work must be executed by awardee under strict compliance of concerned BIS/ISI
code of Practice for material and method of working and as per contract documents and client/consultant’s
instructions.

21) Housekeeping: It is the responsibility of the contractor within his accepted rates to keep always the working area
neat & clean. On completion of day’s work, the respective contractor shall not leave the site without keeping the
surplus materials which are being used by him in order ie. Stacking properly in the working area.

Signature and Seal of “Client” Page 3 of 5 Signature and Seal of “Awardee”

Veera Desai Road, Near Oberoi Springs, Off New Link Road, Andheri (W), Mum-400 053 : 022- 66128100 Email: rohan.bagadiya@transcon.in
 TRANSCON DEVELOPERS PVT. LTD.

22) Contractor shall be solely responsible for any accident while execution of site all medical treatment will be bare
contractor only.

23) During the execution of the work, if any Wastage or damage to any material or property ( Private/ Government /
Third Party) at site by your labour / team, then the same will be deducted from awardee amount and client shall
be promptly indemnified against all such claims..

24) Special Terms: This Order is subject to all Terms and Conditions set forth herein and/or annexed hereto and/or
attachments hereto and/or enclosures hereto, which becomes an integral part of this Order. Ie. Acceptance of
this Purchase Order is acceptance of our Appendix / Annexure’s too.

25) In case of any conflict in any terms and conditions then that ‘terms and conditions’ of this Order will supersede the
‘Annexure Terms and Conditions’ set out in Annexure’s.

26) Green Building 

You are requested to submit the Compliance Certificate, conforming to IGBC Standards for LEED
certification. The Contractor shall be responsible for taking all the necessary documentation, measures
during Construction Phase as required & directed by the Client’s Representatives to the attain the
subject certification.

Accepted Unconditionally

For M/s Transcon Developers Pvt. Ltd. For M/s

Mr. Rishi Todi / Authorized Signatory Director / Authorized Signatory

(Name & Seal) (Name & Company Seal )

Enclosures available in URL: https://goo.gl/7b8PzJ (or) http://bit.ly/wo-terms-transcon

1) (i) “Annexure A” – Invoice Policies & Procedure (ii) Invoice Format (supporting “Annexure A”)

2) “Annexure B” - Standard Terms and Conditions. (3) “Annexure C” - Supplies / MATERIAL – General Terms & Condition.

4) “Annexure D” – Work / Labour – Standard Terms & Conditions

Note: Duly Signed WO is mandatory.

Signature and Seal of “Client” Page 4 of 5 Signature and Seal of “Awardee”

Veera Desai Road, Near Oberoi Springs, Off New Link Road, Andheri (W), Mum-400 053 : 022- 66128100 Email: rohan.bagadiya@transcon.in
 TRANSCON DEVELOPERS PVT. LTD.
Annexure -1 (Itemwise Schedule of Quantities & Rates)

Option 1 (without low noise) as per the attached / Embedded Ecel File

Signature and Seal of “Client” Page 5 of 5 Signature and Seal of “Awardee”

Veera Desai Road, Near Oberoi Springs, Off New Link Road, Andheri (W), Mum-400 053 : 022- 66128100 Email: rohan.bagadiya@transcon.in