Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in a format that includes details such as the reserve license fee for a group and the quoted license fee by the bidder. The formulas for calculating the bid capacity are indirectly related to the Earnest Money Deposit (EMD) and security deposit requirements. The EMD is calculated as 3% of the reserve price for one group, and for more than one group, it is 3% of the EMD for each group. The security deposit is 15% of the discovered license fee for a group, with additional deposits required at specific times after the allotment of a group. 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. The e-bid quoted by the bidder shall remain firm during the entire tender process. The formulas provided are: - EMD = 3% of reserve price for one group - EMD for more than one group = 3% of EMD for each group - Security = 15% of discovered license fee - Additional security (if applicable) = 10% of (discovered license fee - reserve price) The bid capacity required is directly related to the financial capacity of the bidder to furnish the EMD and participate in the bidding process.