Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the PRICE SCHEDULE template. 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. Additionally, the bid must be submitted in the prescribed format, and the e-bid quoted by the Bidder shall remain firm (fixed) during the entire tender process and shall not be subject to any variation on any account. 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. A non-refundable participation fee of Rs. 5,00,000 (Rupees five Lakhs only) is required for each group. Furthermore, a security deposit equivalent to 15% of the discovered license fee for a group is required from the successful bidder, which will be recovered in installments. There is also an additional security requirement if the discovered license fee/bid exceeds the reserve price of a group by 20%, which is 10% of the difference between the discovered license fee/bid and the reserve price. The formulas for calculating these amounts are: - EMD = 3% of reserve price for one group - EMD for multiple groups = 3% of EMD for each group - Security deposit = 15% of discovered license fee for a group - Additional security (if applicable) = 10% of (discovered license fee/bid - reserve price) Also, bid capacity formulas found are: - More than Rs. 1000 but less than Rs. 2000, Rs. 45/- per BL - Above Rs. 4000, Rs. 110/- per BL These are the bid capacity requirements mentioned in the given tender.