any agency is less than the stipulated EMD, their offer shall be rejected.
iii. EMD may be furnished in any of the following forms:
a. For EMD amount of any value:
Pay Order / Cross Demand Draft / Banker’s Cheque in favor of NTPC
Limited, payable at Patna.
b. In case EMD amount is >Rs 50,000.00 then, besides above:
Bank Guarantee (BG) from a Nationalized Bank / other banks (as per
NTPC approved list) also will be acceptable. Format of BG against Bid
Security and List of Banks for Bid Security are attached. BG should be
unconditional and irrevocable and should be valid for a period of 45 days
beyond the bid validity period. The Bank Guarantee Verification Check
List duly filled in as per format attached has to be submitted in this
regard. Bidder shall ensure that all the points of check list are replied in
“Yes”.
c. SSI units of Bihar / SSI units (of other states) registered with the
National Small Scale Industries Corporation shall be exempted from the
payment of Earnest Money Deposit. Bidders seeking exemption should
submit a Photocopy of valid registration certificate preferably attested by
Notary / Gazetted Officer/ Magistrate 1st class, giving details such as
validity.
d. Submission of EMD is exempted from IIMs/IITs/ NITs/IISc./ CBRI/CPRI/
GSI/CWPRS/ CWC and other Govt. Institutes/agencies (excluding
PSUs).
e. In case of any doubt on eligibility of such exemption/concession, bidder
may get clarification from NTPC official before submission of his bid.
f. The Bid Security of all the unsuccessful Bidders will be returned after
award of the Job.
g.The Bid Security shall be forfeited in any of the following circumstances
by NTPC without any notice or proof of damage to the Owner:
1
.
.
If the Bidder withdraws or varies its Bid during the period of Bid
validity specified by the Bidder in the Bid Proposal.
2
In case the Bidder does not accept the corrections towards the
discrepancies in their bid, where ever the breakup of prices have been
asked separately.
3.
If any deviation, variation or additional condition etc. found anywhere
in our technical and / or / Price Bid implicit or explicit, shall stand
unconditionally withdrawn, without any cost implication whatsoever to
employer, failing which the bid security shall be forfeited.
4.
5.
6.
In the case of a successful bidder, if the bidder fails within the
specified time limit to furnish the acceptance of Letter of Award /
Purchase Order.
In the case of successful Bidder, if the Bidder fails, within the time
limit, to furnish the required Contract Performance Guarantee in case
the same is required as per conditions of the P.O / LOA.
If the bidder / their representative commit any fraud while competing
for this contract pursuant to Fraud prevention policy of NTPC.
h. No interest shall be payable by NTPC on the Bid Security.
i. ANY BID NOT ACCOMPANIED BY A BID SECURITY IN A SEPARATE