Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified and includes: 1. Reserve license fee for the group (in figures) in Rs. Crores 2. Quoted license fee (in figures) to be entered by the bidder in Rs. Crores 3. Quoted License Fees (in words) in Rs Crores Formulas for calculating the security and additional security are: - Security Money: 15% of the discovered license fee for a Group. - Additional security: 10% of the difference between the discovered license fee/bid and the reserve price, if the bid exceeds the reserve price by 20%. The bid capacity required in terms of value includes: - Earnest Money Deposit (EMD): 3% of reserve price for one group. - Security Money: 15% of the discovered license fee for a Group. - Additional security: 10% of the difference between the discovered license fee/bid and the reserve price, if the bid exceeds the reserve price by 20%. - Non-refundable participation fee: Rs. 5,00,000.