Excise And Taxation Department Tender

The bid capacity required in the given tender to bid is as follows: 1. Earnest Money Deposit (EMD): 3% of the reserve price for one group, and 3% of EMD for each group for more than one group. Formula: EMD = 3% of reserve price 2. Participation fee: Rs. 5,00,000 (Rupees five Lakhs only) through online process. (No formula) 3. Security Money: 15% of the discovered license fee for a Group. Formula: Security Money = 15% of discovered license fee 4. 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. Formula: Additional security = 10% of (discovered license fee - reserve price) Other formulas mentioned are: - 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% Note: There are also other values mentioned like Rs. 45/- per BL for more than Rs. 1000 but less than Rs. 2000 and Rs. 110/- per BL for above Rs. 4000, but they do not seem to be directly related to the bid capacity.