Chandigarh Administration Tender

The bid capacity required in the given tender to bid having value is based on the Earnest Money Deposit (EMD) which varies according to the Reserve Price of the Licensing Unit. The EMD required for placing the e-bids is as follows: - For Reserve Price of Rs.1,00,00,001/- to Rs.2,00,00,000/-, the EMD is Rs 10,00,000/- - For Reserve Price of Rs.2,00,00,001/- to Rs.3,00,00,000/-, the EMD is Rs 15,00,000/- - For Reserve Price of Rs.3,00,00,001/- to Rs.4,00,00,000/-, the EMD is Rs 20,00,000/- - For Reserve Price of Rs.4,00,00,001/- to Rs.5,00,00,000/-, the EMD is Rs 25,00,000/- - For Reserve Price of Rs.5,00,00,001/- and above, the EMD is Rs 30,00,000/- There are no specific formulas provided for calculating the bid capacity. The bid capacity required is directly related to the ability to pay the EMD and meet the reserve price of the licensing unit one is bidding on.