E-tender No.: RBI/Lucknow Regional Office/Estate/24/25-26/ET/1051 A reference is invited to the captioned e-tender no. RBI/Lucknow Regional Office/Estate/24/25-26/ET/1051 which was uploaded/ floated on February 23, 2026 on MSTC portal (www.mstcecommerce.com). 2. Please find the following modification in the Tender (Part-I) (page 147, para iii of Clause SC 2) as under: - Mobilization Advance: - (i) Mobilisation Advance of 7.5 % of contract amount will be paid against application and submission of Bank Guarantee in TWO equal instalments with simple interest of 8% per annum would be applicable on any mobilization advance payment made. Format of the Bank Guarantee is attached as Annex 12. (ii) Mobilisation Advance shall be released based on the request of the contractor, after signing the contract agreement, submission of Performance Bank guarantee and submitting all insurance documents as required in the Tender. (iii) The second tranche of Mobilisation Advance shall be released only after the Contractor furnishes proof of the full utilization of the Mobilization Advance released earlier for the project-related purposes to the entire satisfaction of the Bank. The Mobilisation Advance extended shall be used for establishment of site offices for agency and the Employer, testing lab with testing equipment, basic amenities, barricading, air pollution mitigation measures and equipment, various machineries required for the project, scaffolding and formwork. For assessing the utilized amount of mobilization advance, 90% of the price for new material/machinery and 50% of the price of the old material/machinery shall be considered. (iv) Recovery of Mobilisation Advance with accrued interest shall invariably commence after 10% of the gross work value has been executed and certified and the entire mobilization advance amount shall be recovered by the time 80% of completion of work in terms of value of work done. The whole of the balance then outstanding shall immediately become due to payable by Contractor to the Employer. (v) The guarantee/(s) of a scheduled bank, which is/are required to be furnished against payment of Mobilisation Advance under the accepted terms and conditions of the Contract, shall be furnished. In order to implement the time-based recovery of the with-interest mobilization advance from the Contractor, ‘Bank Guarantee’ shall be equivalent to 110% of the amount. Further, the empanelled firms can modify the price quote till closing of bids. 3. All other terms and conditions mentioned in the tender and the corrigendums issued earlier, remain unchanged. Regional Director
Reserve Bank of India
Lucknow |