Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the financial bid format and the PRICE SCHEDULE template. The bid capacity required is to quote a financial bid that is equal to or greater than the reserve license fee for the group, and to fill in the financial quote in the prescribed format. The formulas for calculating the bid capacity are as follows: - 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% Additionally, the bid price shall be in Indian Rupees, and 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. Other requirements include Earnest Money Deposit, Security Money, and Additional Security, with specific payment schedules and a non-refundable participation fee of Rs. 5,00,000/-.