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 rules for filling the columns are: * The quoted license fee should 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. The bid capacity required in the given tender to bid is 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: In case the discovered license fee/bid exceeds the reserve price of a Group by 20%, then the successful allottee shall be required to deposit an additional security equivalent to 10% of the difference between the discovered license fee/bid and the reserve price. Formulas: - EMD = 3% of reserve price - Security Money = 15% of discovered license fee - Additional Security = 10% of (discovered license fee - reserve price), if discovered license fee exceeds reserve price by 20% Other 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 formulas found in the given tender.