Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the PRICE SCHEDULE template. To determine the bid capacity, the bidder needs to quote a license fee for the group in Rs. Crores, with the quoted license fee being equal to or higher than the reserve license fee for the group. The formulas for calculating the bid capacity are as follows: - Earnest Money Deposit (EMD): 3% of the reserve price for one group and for more than one group 3% of EMD for each 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 discovered license fee/bid exceeds the reserve price of a Group by 20%. - Payment schedule for Security Money: - 3% (EMD) adjusted at the time of submission of tender. - 4% within 48 hours of the allotment of the Group. - 5% within 7 days of the allotment of a Group or by 31st March, 2025, whichever is earlier. - 3% by 30th April, 2025. - Adjustment of security and additional security: - 1% of security money adjusted in each installment of license fee payable for the months of June, 2025 and February, 2025. - 13% of security money adjusted in the license fee for the month of March, 2026. - Entire Additional security money adjusted in the monthly installment of license fee for the month January, 2026. Additionally, there are specific rates mentioned: 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 formulas found in the given tender.