Local Self Government Department Tender

The bid capacity required in the given tender includes: - Bid Security, which will be refunded after submission and acceptance of Performance Guarantee, but its value is not explicitly stated. - Performance Guarantee, which is 5% of the contract amount, with at least 50% in the form of Treasury Fixed Deposit and the balance in the form of a bank guarantee. - Performance Security Deposit, which is 2.5% of the value of work done, deducted from running bills. Formulas related to bid pricing and adjustments are also provided, including: - Rates quoted by the bidder shall include all costs, taxes, and incidental charges. - For variations over 25% of the agreed quantity, the admissible rate for the excess quantity shall be limited to the technically sanctioned estimate rate modified by the overall tender excess/tender deduction. - For percentage rate contracts, no change in rate will be permitted for variations over 25% of agreed quantity. - The rate of extra items shall be arrived at by applying the percentage tender excess/tender deduction to the departmental data rate.