Excise And Taxation Department Tender

The bid capacity required in the given tender includes specific financial details and formulas. To participate, bidders must furnish an Earnest Money Deposit (EMD) of 3% of the reserve price for one group, and for multiple groups, 3% of the EMD for each group. A non-refundable participation fee of Rs. 5,00,000 is also required. The financial bid must be in a prescribed format, including the reserve license fee for the group in figures (in Rs. Crores), the quoted license fee (in figures) in Rs. Crores, and the quoted license fees (in words) in Rs. Crores. The formulas and conditions for the bid value are as follows: - The bid price must be in Indian Rupees. - Conditional bids are rejected. - In case of discrepancy between words and figures, the amount in words prevails. - Bids less than the reserve price or without a quoted price are disqualified. Additional security calculations are based on the difference between the discovered license fee/bid and the reserve price, with specific percentages and timelines for payment and adjustment against the license fee. The bid capacity required includes: 1. Earnest Money Deposit (EMD): 3% of the reserve price. 2. Participation fee: Rs. 5,00,000. 3. Security Money: 15% of the discovered license fee. 4. Additional security: 10% of the difference between the discovered license fee/bid and the reserve price, if applicable. Formulas for calculation include: - EMD = 3% of reserve price (for one group) - EMD for multiple groups = 3% of EMD for each group These details outline the bid capacity required for participation in the tender.