Excise And Taxation Department Tender
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Financial
Bid Capacity
The bid capacity required in the given tender to bid involves specific values and formulas related to the Earnest Money Deposit (EMD) and Security.
The EMD is calculated as 3% of the reserve price for one group, and for more than one group, it is 3% of EMD for each group.
The Security is equivalent to 15% of the discovered license fee for a Group.
Additionally, if the discovered license fee/bid exceeds the reserve price of a Group by 20%, an additional security equivalent to 10% of the difference between the discovered license fee/bid and the reserve price is required.
The formulas for calculating the bid capacity are:
- EMD = 3% of reserve price (for one group)
- EMD = 3% of EMD (for each group, if bidding for more than one group)
- Security = 15% of discovered license fee (for a Group)
- Additional Security = 10% of (discovered license fee - reserve price), if discovered license fee exceeds reserve price by 20%
Other costs include a non-refundable participation fee of Rs. 5,00,000 to participate in the e-tender for each group.
However, specific details regarding the exact bid capacity value are not explicitly provided, but the mentioned formulas and values are crucial for determining the bid capacity required in the tender.
Costs
EMD
₹ 1,27,59,000Document Cost
₹ 5,00,000Tender Fee
₹ 5,900
Description
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Contact
Tender Id
2025_DET_135912_21Bid Award Id
ViewTender No
DNIT-1Tender Authority
Excise And Taxation Department ViewPurchaser Address
-Website
eproc.punjab.gov.in
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Result
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