Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value and formulas can be calculated using the following formulas: 1. EMD = 3% of reserve price for one group 2. EMD = 3% of EMD for each group for more than one group 3. Security Money = 15% of discovered license fee for a Group 4. Additional Security = 10% of (discovered license fee/bid - reserve price) if the discovered license fee/bid exceeds the reserve price by 20% Additionally, the bid price shall be in Indian Rupees, and any conditional bid will be rejected. The quoted license fee is to be entered by the bidder in the specified format, and the amount in words will prevail in case of a discrepancy between words and figures. The Earnest Money Deposit (EMD) and Security Money are key components of the bid capacity, with specific percentages and payment schedules outlined. The EMD is 3% of the reserve price, and the Security Money is 15% of the discovered license fee, with a payment schedule that includes adjustments and deposits at various stages. The bid capacity is also subject to a cap on the maximum number of groups allotted to a single entity, which is 5 Excise Groups, but this can be increased or decreased based on local conditions.