Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in a prescribed format, which includes the reserve license fee for the group in figures and the quoted license fee to be entered by the bidder. 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. 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 successful bidder needs to deposit security equivalent to 15% of the discovered license fee for a group. The formulas for calculating the EMD and security are: - EMD = 3% of reserve price for one group - Security = 15% of discovered license fee for a group - Additional security = 10% of (discovered license fee - reserve price), if the discovered license fee exceeds the reserve price by 20% The EMD for each group can be calculated as 3% of the reserve price for that group. For example, for a group with a reserve price of 41.97 crores, the EMD would be 3% of 41.97 crores, which is 1.2591 crores. Thus, the bid capacity required in terms of EMD varies by group based on the reserve price set for each.