Premises And Estate Section, Circle Office, Pune. Tel:

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 2013Only one Schedule B is required for each bidder. The Document cost and EMD are to be paidonly once. The price bids of all offers of a single bidder may be submitted in one envelope.20. The bidder shall disclose at the technical bid stage itself the names of any close relativesworking with the Canara Bank.21. OPENING & EVALUATION OF THE OFFERS RECEIVEDAll the offers received will be screened and shortlisted by the in-house Committee of thebank based on the requirements specified and the details submitted by the bidder, ifrequired by carrying out inspection of the offered sites. All such shortlisted offers will befurther inspected by the Committee of the Bank.The offers meeting the eligibility criteria will be shortlisted for opening of the price bids.With a view to bring all the eligible offers on common platform / payment terms etc, ifrequired, the Bank at its discretion can call further price bids from all such shortlistedbidders.The rate per sft quoted will be taken into account for the final selection of the offer.The decision of the Bank in selection of the Bidder shall be final and binding on theparticipating applicants.The successful bidder shall arrange for originals of all the necessarydocuments stipulated in para 18 above before entering intoagreement to sale.Bank reserves the right to accept or reject any or all the bids or to consider lessernumber of blocks / flats or to split the total requirement and purchase from differentbidders without assigning any reason whatsoever.22. The decision of the Bank shall be final, conclusive and binding on all the tenderersconcerned and upon all questions relating to all matters / conditions / instructions /clauses and their interpretations.General ManagerSignature of the BidderCANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 5 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 2013BID - O F F E RWe have read and examined and understood the Notice Inviting bid, Instructions to bidders,General Conditions of Contract, and all other documents in the bid document for outrightpurchase of ready built residential flats to Canara Bank.We hereby submit our offer in the prescribed form including all schedules in accordance in allrespects with the bid document.We agree to keep the bid open for 120 days from the due date of opening of Technical Bidsthereof and not to make any modifications in its terms and conditions. A sum of Rs.1.00 lac(Rupees one lac only) is hereby forwarded as Earnest Money in the form of Demand Draft/Payorder.In the event of our withdrawing or modifying the offer or failure to furnish such otherdocuments/clarifications/information as may be called for by the Bank during its validity periodor in the event of our failure to sign the Sale Agreement within the period specified by the Bankor our failure to comply with any of the instructions contained in the bid document, we agree thatthe Bank shall, without prejudice to any other right or remedy, be at liberty to forfeit the saidEarnest Money absolutely.We hereby declare that we treat the bid documents, drawings and other records connected withthe work as secret/confidential documents and shall not communicate information/derived therefrom to any persons other than a person to whom we are authorized to communicate the same oruse the information in any manner prejudicial to the safety of the State / the Bank.We fully understand and agree that you are not bound to accept our or any bid and that you arefree to cancel the bid process without assigning any reason whatsoever.Shri. , authorized representative of the Company, is the personauthorized to negotiate commercial, technical terms & conditions &sign on behalf of the firmany Agreement, Bills & receipts for this offer.We agree that until a formal agreement on stamp paper is prepared and signed, this bid with yourwritten acceptance thereof shall constitute a binding contract between us.Dated the: .Signature of Bidder:Name & addressIncluding Pin Code andTelephone No:Signature, name and address of Witness (1):Witness (2):CANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 6 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 2013ACCEPTANCEThe above bid (as modified as provided in the letters mentioned hereunder) is accepted by me forand on behalf of Canara Bank for a sum of Rs.(Rupees only]The letters referred to below shall also form part of this contract agreement:a)b)c)Dated this day of 20 .For & on behalf of Canara BankSignature:Designation:CANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 7 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 2013GENERAL TERMS & CONDITIONS1. Interpretation: In construing these conditions, the specifications, the schedules, price bid,Technical bid and Agreement, the following words shall have the meaning herein assigned tothem except where the subject or context otherwise requires:1.1. Canara Bank or The Bank or Bank: The term shall denote Canara Bank with its HeadOffice at 112, J.C.Road, Bangalore having its local administrative office (Circle Office)at FP 790(part), Near Mangala Theatre, Shivaji Road, Shivajinagar, Pune dulyrepresented by the General Manager or Deputy General Manager or any authorisedrepresentatives on its behalf.1.2. BidderorVendororContractor:Thetermshallmean(Name & address of the vendor) and their heirs, legal representatives, assigns andsuccessors.1.3. Work: This term shall mean the work covered by this contract i.e construction and saleof premises as detailed in the bid including all connected works necessary to completethe contract in all respects.1.4. Specifications: This term shall mean the Technical Specifications attached to the biddocuments, or submitted by the bidder with his bid or subsequently and accepted by theBank, including modifications if any and made part of the agreement to sale, for thework.1.5. “Act of Insolvency” shall mean any act as such as defined by the Presidency TownsInsolvency Act or in provincial Insolvency Act or any amending statutes.1.6. “Price Bid” shall mean the price bid submitted by the bidder with the quoted rates of thebidder.2. Submission of offers: The entire set of offer document should be submitted completed in allrespects and signed at relevant places together with initials on all other pages. Nomodifications, writing (except where provided for) or corrections can be made in the bidpapers by the bidder. The bid shall be submitted in the manner specified in the Instructionsto Bidders. The bidder shall note that the bid shall remain open for consideration for theperiod mentioned elsewhere in the bid document.CANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 8 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 20133. Scope: This offer is for planning designing, constructing and handing over vacant possessionof the ready built flats as committed in the offer document by the bidder and accepted by theBank with all services and amenities and appurtenant land including getting all sanctions andapprovals from appropriate authorities and local bodies and including registration ofdocuments, transferring the title with Completion/Occupancy Certificate from the localstatutory authorities and satisfactory completion of the Defect Liability Period.4. Conveyance Deed/Sale Agreement: The successful bidder whose offer is accepted shouldexecute the conveyance deed simultaneously with the handing over of possession of the propertycomplete in all respects within the time frame informed by the Bank. In case this is not possibledue to non-completion of the construction work or other reasons, the bidder shall sign a SaleAgreement and / or Construction Agreement with the Bank in mutually acceptable formats within2 weeks of acceptance of the offer.The Bank shall pay for all stamp duty, registration fees. All other expenses includingincidental expenses shall be borne by the bidder.5. Permits & Licenses: All sanction, permits, licenses and foreign exchange, if any, required,for procurement of all raw materials, machinery etc and employment of labour required forcompleting the work shall be arranged by the bidder himself at his own cost.6. Taxes, Cess, Duties, Registration, Stamp duty charges: The quoted rate must include allduties, royalties, cess, service tax, sales tax, VAT or any other taxes or local charges ifapplicable but excluding registration and stamp duty charges. The bidder shall agree andundertake to pay all taxes, cess and other public charges payable to statutory and other bodiespertaining to the property up to the date of handing over possession. The bidder shallindemnify the Bank against such liabilities and shall be responsible for any claims andliabilities.7. Escalation: The rate quoted shall be firm throughout the tenure of the contract and willnot be subject to any fluctuation due to increase in cost of materials, labour, sales tax,Octroi etc.8. Government & Local Rules: The bidder shall conform to the provisions of all the local lawsand Acts relating to the work and to the Regulations etc. of the Government and LocalAuthorities. The cost, if any, shall be deemed to have been included in the quoted rates,taking into account all liabilities for licenses, fees etc. that are payable in this regard and shallCANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 9 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 2013indemnify Canara Bank against such liabilities and shall be responsible for all actions arisingfrom such claims or liabilities.9. Earnest Money: The bidder will have to deposit earnest money to the extent and in the formdetailed in the Instructions to the bidder. The earnest money will not bear any interest. Afteropening & scrutiny of technical bids, the earnest money of bidders who are not shortlisted forfurther consideration will be refunded. The EMD of shortlisted bidders will be kept tillfinalization of proposal. In the case of the successful bidder to whom the contract is awarded,the earnest money will be retained as part security deposit till the contract is performed in allrespects. Bank may accept Bank guarantee of equivalent amount (as per format given inAnnexure I) in lieu of such security deposit. The Earnest Money is liable to be forfeited inthe circumstances indicated in the general Instructions to bidders.10. Notice inviting objections: It is the policy of the Bank to issue public notice in the leadingnews papers inviting claims/objections from the public, if any, before entering into the saleagreement / conveyance deed / MOU for the offered property. The bidder should not haveany objection for this.11. Inspection of the property: The short listed properties will be visited by BankOfficials/empanelled valuers, Architect for assessing the valuation and to verify the qualityof construction, materials used, etc. The bidder should make necessary arrangements andprovide the requisite information/ documentary proof to them for which no payment will bemade.12. Payment Terms: Unless otherwise specified in the Sale Agreement or otherwise agreed to,normally, the Bank will make no advance payment and payment will be made at the time ofregistration of the conveyance deed and handing over vacant possession. 3% of the purchaseconsideration (or as finalised & specified in the Sale Agreement), will be withheld at the timeof making payment, towards Security Deposit/retention money for a period of 12 months(defects liability period). The withheld retention amount will be released after satisfactorycompletion of defect liability period of 12 months counted from the date of handing overpossession or date of registration whichever is later.The payment will be based on the Built-up-area of flats as defined in this documentelsewhere but areas to be transferred to the Bank shall be as detailed in clause 13 below. Noseparate payment will be made for the items/areas/ amenities, which are not included in theBuilt-up-area. The cost of such items/ areas/ services/ amenities, which are not specificallyCANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 10 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 2013included, is deemed to be included in the rates quoted in the price bid unless a specific ratehas been quoted and accepted. The rates should be quoted accordingly.All payments will be made by NEFT/ RTGS only.13. Built-up-area: The built up area of a flat alone will be measured at its floor level bymeasuring out to out dimensions between exterior plastered surfaces of exterior walls. Incase of common walls with adjoining flats 50% of the thickness of the common wall willbe measured. Please note that built up area of flat will not include staircases, drybalconies, flower beds, garden balconies, lift lobby, mumties, common entrance lobby /lounge, outside passage, pump room, security cabin, Over head tanks, sump/ suctiontanks, sanitary ducts / shafts, refuge areas, health club, gymnasium, area under stiltsetc. Further, the projections of columns / walls / boxing / fins etc beyond external face/line of the wall will not be considered for measurement of built up area of the flat. Thearea of the open balcony of the flat will be considered at 50% of the actual balconyarea and built up area of the fully covered balcony with windows will be consideredfull, in case there is official permission available from statutory authority to do so. Theprojected niches / cupboard spaces having height less than 7 (seven) feet and breadthless than 1 ft 6 inches will not be considered. The cost of the flat will be decided basedon the joint measurements of the Built Up area (BUA) at site as per norms stated above.This is applicable for all types of flats irrespective of the nature of the flats.However for the purpose of registration of flats, the proportionate common areas /amenities which are part and parcel of the flats shall be passed on to the Bank and asuitable clause to this effect shall be incorporated in the agreement to sale/ absolute saledeed. Further the prevailing area norms / guidelines of the registration authorities willbe followed and the successful bidder shall get the registration done duly providing thedetails of such required areas (like carpet area or super built up area or saleable areaetc.) and no extra is payable for such areas other than the built up area as definedabove.The following will be excluded in calculating the Built-up-area:13.1.Porch/portico without walls and plinth;13.2.Verandahs/balconies/slab projections/sit outs which are not enclosed and notprotected by a roof;13.3.Shafts for services which are open to sky;13.4.Mumty at terrace level;CANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 11 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 201313.5.Underground sumps;13.6.Overhead tanks (even if it is RCC / masonry tanks);13.7.Cut-outs in floor slabs individually exceeding 20 sft;13.8.Slab projections, plinth projections, cornices and the like at different floor levelsfor architectural effect;13.9.Niches, storage space, lofts etc with clear height less than 7 feet & width less than1 ft 6 inches;13.10.Swimming pool, common clubhouse / recreation halls, open badminton courts,open car park areas13.11.Such areas for which a separate rate has been agreed upon.Joint measurements (correct to one centimeter) will be taken in the presence of bank officialsand vendor’s authorized representative for finalizing the exact Built-up-area.The covered parking area in basement or stilt floors will be considered separately and biddersare requested to quote the rates in the particular column provided in Price bid.14. Security Deposit: A sum equivalent to 3 (three) percent of the total value of dealincluding EMD amount shall be deducted from the final payment of the successfulbidder. The Security Deposit deducted from the payment to the bidder shall be refunded onsatisfactory completion of the Defect Liability Period or after submission of buildingcompletion/occupation certificates, whichever is later, after deducting any amount due to theBank from the bidder on any account.No interest will be paid on security deposit. Canara Bank may prescribe any other mode ofsecurity.15. Defect Liability Period: The works covered by this contract shall have a defect liabilityperiod of 12 months from the date of registration or from the date of taking over possessionby the Bank whichever is later. If any defect or deficiency of whatever nature is noticedduring this period, the same shall forthwith be removed by the bidder to the satisfaction ofthe Bank, at the bidder’s own cost and within a reasonable time of his being informed, failingwhich the Bank may, at its sole discretion, either remove such defects and deficiencies andrecover the expenses incurred, or assess the cost of removing such defects and deficienciesand recover such assessed cost, from the Security Deposit or any other money due under thiscontract or under any other contract.16. Time for completion and handing over: Time is the essence of this contract. The timestipulated in the Sale Agreement or elsewhere for handing over complete possession of thepremises in all respects including the various services shall be followed strictly.CANARA BANK, PREMISES & ESTATE SECTION, CIRCLE OFFICE, PUNE.PAGE 12 OF 32

OFFER DOCUMENT FOR PURCHASE OF READY BUILT RESIDENTIAL FLATS AT PUNE CITYJUNE 201317. Liquidated Damages: If the bidder/ vendor fails to complete in all respects the premiseswith all services including obtaining all clearances and Completion/Occupancy Certificate tothe satisfaction of Canara Bank and hand over vacant possession within the stipulated period,without prejudice to any other right or remedy available to the Bank on account of suchbreach, the bidder shall be bound to pay to Canara Bank, as agreed compensation, a sumcalculated at the rate of Rs. 10.00 (Rupees ten only) per sft of built-up area for every monthor part thereof of the delay till the actual date of handing over possession. Such compensationshall be recovered from the Earnest Money/ Security Deposit of the bidder or from futurepayments to be made to the bidder or in any other manner.18. Successful bidder to Provide for Everything Necessary: The bidder shall provide everything necessary as per the intent and meaning of the sale agreement and as per the agreedmakes and or schedules of materials specifications taken together whether the same may ormay not be particularly mentioned or fully described therein, provided that the same can bereasonably inferred there from and if the bidder finds any discrepancies therein he shallimmediately and in writing, refer the same to Canara Bank whose decision shall be final andbinding. The successful bidder shall allow any third party inspections to ascertain thebuilding related stability, soundness, quality of the materials used and their testing and suchother inspections.19. Materials, Workmanship, Sampling, Testing of Materials: All the works specified andprovided for in the specification

Canara Bank intends to purchase about 24 nos (2BHK) and 8 nos (3BKH) ready built flats at Pune City preferably located within 7 kms from Shivajinagar, Pune locality from Developers/Builders who have flats already built or under construction & ready for possession within 6 months period. The Bank’s requirements are given in the Offer Document.