Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value can be determined from the "PRICE SCHEDULE" section, where the bidder needs to quote a license fee for the group in Indian Rupees, with both figures and words, and it should be more than or equal to the reserve license fee for the group. The bid capacity required includes: 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. 2. Participation fee: Rs. 5,00,000. 3. Security Money: 15% of the discovered license fee for a Group. 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. The formulas for bid capacity 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%