Payment schedule will be as follows:-

The date of intimation of acceptance shall be the date on which intimation regarding the final acceptance of the bid is dispatched to the purchaser by registered with AD post/ Speed Post at his notified address.

If the purchaser do not pay the balance of the purchase money in the manner and with in the date and time specified, the Assets Sales Committee shall be at liberty to forfeit the Earnest Money and any other deposit made and proceed to resell the unit

All money received by way of EMD or other payments, shall be kept in St. George' Forane Church, Edappally.

RIGHT TO REJECT OFFERS

The right to accept or reject any or all offers without assigning any reason is reserved. The right of negotiations with the highest bidder is also reserved.

HANDING OVER OF POSSESSION OF SITE

The Church would hand over possession of the subject property to tenderers simultaneously with receipt of full amount.

WITHDRAWAL OF OFFER

In case the successful tenderer withdrawals his offer subsequent to being accepted by the Asset Sales Committee, any payment made by the tenderer including EMD would be forfeited by St. George  Forane Church. Edappally.

PROVISION FOR SETTLMENT OF DISPUTES

In case of any dispute between the parties in respect of interpretation of the terms of this tender document or anything arising there from, such dispute or difference shall be referred to the Chancellor of Archdiocese of Ernakulam - Angamaly. He shall be empowered to adjudicate and decide the disputes, if any, between the parties and his decision shall be final, conclusive and binding on both the parties.

Arbitration

Any disputes between purchaser and the land owner should be submitted Chancellor of Archdiocese of Ernakulam- Angamaly. After the receiving the letter, chancellor will appoint a sole arbitrator for both parties, the decision of arbitrator   will be final and binding to both parties.

MISPRESENTATION/FRAUD/ BREACH OF TERMS AND CONDITIONS

If it is discovered at any point of time that the tenderer/ purchaser has purchased the land by suppression of any fact or misstatement or misrepresentation or fraud or if there is any breach of the conditions of the tender or violation of any of the terms of the sale deed, the sale may be cancelled by the Church . In such an event tenderer / purchaser will not be entitled to any compensation whatsoever, or refund of any earnest money or any other amount paid by him.

1. NOTE

1.Canvassing in connection with the tenders is strictly prohibited and the tender submitted by the tenderer who resorts to canvassing shall be rejected summarily.

2. Tenderer shall not add any new condition or delete any condition from the offer. The offer shall be submitted in the form as it is. Any conditional offer is liable to be rejected summarily. However their suggestions can be put in the first cover, in Second Cover only price bid,  any other document the bidder should be rejected.

3. An offer must be by filling in the enclosed tender forms separately which must be completed in all respect and all the documents required must be enclosed. Incomplete offers shall be rejected summiarily.

4. 1. first concern contains the EMD and all other documents expect price bid.

4.2.  Second Cover contains only the price bid and those covers rejected those which are contains other documents except price bid.