Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified and includes several components. The formulas or specific values required for the bid are: - The bid price shall be in Indian Rupees. - Any conditional bid will be rejected. - If there is a discrepancy between words and figures, the amount in words will prevail. - If there is no bid quoted or the bid is less than the reserve price of the group, the bid shall be declared as disqualified. To participate in the e-tender, the bidder needs to furnish an Earnest Money Deposit (EMD) which is 3% of the reserve price for one group, and for more than one group, 3% of EMD for each group. The formulas for calculating the EMD are: - For one group: EMD = 3% of reserve price - For more than one group: EMD for each group = 3% of reserve price for each group Additionally, there is a non-refundable participation fee of Rs. 5,00,000 and a security deposit requirement which is 15% of the discovered license fee for a group. The bid capacity required in terms of value includes: - Non-refundable participation fee: Rs. 5,00,000 - Earnest Money Deposit (EMD): 3% of reserve price for one group, and for more than one group, 3% of EMD for each group - Security deposit: 15% of the discovered license fee for a group - Additional security (if applicable): 10% of the difference between the discovered license fee/bid and the reserve price.