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1. This is an application for appointment of a learned Arbitrator in terms of
Clause 78 of the General Conditions of Contract (GCC) of the respondent
no.1. Pursuant to a notice inviting e-tender dated May 13, 2022, the
petitioner was awarded the work as the L1 bidder. A Letter of Intent dated
July 26, 2022 was issued by the respondent no.3. The estimated value of
the work was Rs.31,04,10,086.95/-. The petitioner furnished a performance
bank guarantee (PBG) for a total sum of Rs.1,55,20,525/-.
2. According to the petitioner, men and machineries were deployed. However,
there were multiple hindrances at the site which resulted in slow progress of
the work. The petitioner contends that the hindrances immensely affected
the work and the respondents were responsible for the delay.
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