NTECL/C&M/OT/CS-3970
. Earnest Money Deposit :-
Dt : 03.09.2019
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A. The EMD offered shall, at bidders option, be in the form of (i) Demand Draft / Pay
Order / Banker’s Cheque in favour of ‘NTECL’ payable at Chennai or (ii) an
unconditional and irrevocable Bank Guarantee (BG) from any of the banks specified
in the bidding documents. The format of Bank Guarantee towards bid security shall
be in accordance with the ‘Proforma for BG’ included in the bidding documents.
While getting the Bank Guarantee issued, Bidders are requested to ensure
compliance to the points mentioned in Bank Guarantee Verification Check List in the
bidding documents. Bidders are required to fill up this check list and enclose the
same along with the bank guarantee. EMD for an amount less than or equal to
Rs.50,000/- shall not be accepted in the form of bank guarantee. EMD shall not be
accepted in any other form.
B. The bid security/earnest Money deposit (EMD) shall be kept valid and operative for a
period of 225 days from the date set for opening of tenders (180 days BG validity
period + 45 days claim period). During the validity period the tenderer agrees not to
vary, alter or revoke his tender either in whole or in part. If the tenderer, however,
fails to keep his tender valid for above period, the Owner shall be entitled to forfeit
the EMD amount without any notice or proof of damage.
C. Any Bid not accompanied by an acceptable Bid Security or Valid EMD Exemption
Certificate / Document shall be rejected as being Non Responsive and returned to the
Bidder without being opened.
D. EMD / Tender Fees Exemption:
MSME registered with District Industries Centre/s or Khadi and Village Industries
Commission or Khadi and Village Industries Board or Coir Board or Udyog Aadhaar
or National Small Industries Corporation or Directorate of Handicrafts and Handloom
or any other body specified by Ministry of Micro, Small and Medium Enterprises as
per MSME Act 2006, for goods produced and services rendered, shall be issued the
bidding documents free of cost and shall be exempted from paying Earnest Money
Deposit.
The benefit as above to MSMEs shall be available only for goods / services
produced & provided by MSEs for which they are registered.
MSMEs seeking exemption and benefits should enclose an attested / self certified
copy of valid registration certificate, giving details such as validity, stores/ services
etc. failing which they run the risk of their bid being passed over as ineligible for the
benefits applicable to MSMEs.
10. The Price Bid/s of only those Bidders shall be opened who meets the Qualifying
Requirements.
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1.The Bidder or duly authorized representative/s of the Bidder/s, who are present during
Bid opening shall sign in the Bid opening register. Only one authorized representative
of the bidder shall be allowed for attending the tender opening.
The Bidder or their authorized representative of the Bidder/s will be allowed to
witness the tender opening (Authorization letter is required). Only one authorized
representative of the bidder will be allowed for attending the tender opening.
Without authorization letter, the bidder will not be allowed to witness the Bid
Opening.
Page 7 of 8
Signature & Seal of the Bidder