Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the format as Annexure F, which 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 The formulas or specific values required for the bid are: * The bid price shall be in Indian Rupees. * 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. 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. 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 that group The security deposit requirement is 15% of the discovered license fee for a group, to be deposited in the specified manner. If the discovered license fee/bid exceeds the reserve price of a group by 20%, an additional security equivalent to 10% of the difference between the discovered license fee/bid and the reserve price is required.