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Metal Scrap Trading Corporation Limited

  • Opening Date

    20 Aug 2019

  • Closing Date

    20 Aug 2019

  • Tender Amount

    Refer document

  • EMD

    -

  • Auction Start Date

    20 Aug 2019

  • Auction End Date

    20 Aug 2019

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Summary

Mstc/sro/bsnl/11/tuticorin/19-20/14271

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Special Terms & Conditions ALL CONTRACTS/TRANSACTIONS ENTERED INTO BY THE BUYER/BIDDER ARISING OUT OF THIS E-AUCTION SHALL BE GOVERNED BY THE INTEGRITY PACT AVAILABLE ON OUR WEBSITE, www.mstcindia.co.in IMPORTANT: THE MATERIAL LIST & STC DISPLAYED UNDER VIEW FORTHCOMING AUCTIONS ON MSTC'S EAUCTION WEBSITE ARE TENTATIVE AND SUBJECT TO CHANGE AT THE SOLE DISCRETION OF MSTC/PRINCIPAL BEFORE THE START OF EAUCTION. BIDDERS SHOULD, THEREFORE, DOWNLOAD THE MATERIAL LIST AND STC DISPLAYED ONLY UNDER VIEW LIVE AUCTIONS FOR THEIR RECORD PURPOSE, IF REQUIRED, AND BID ACCORDINGLY. This sale is also governed by GENERAL TERMS & CONDITIONS(GTC) and BUYER SPECIFIC TERMS & CONDITIONS(BSTC). This SPECIAL TERMS & CONDITION(STC) supersedes GTC and BSTC. MSTC shall have the right to issue addendum to the GTC or BSTC or STC to clarify, amend, modify, supplement or delete any of the conditions, clauses or items stated therein and the Addendum so issued shall form a part of the original STC Contact Person (MSTC LTD.) :-Shri K Srinivasan,Assistant Manager, Ph: 9840776902 / 044 - 28285092 , e-Mail Id: CONTACT PERSON (BSNL) :SDE(NWP-CFA),9486103825, Email id.:ttsdemm@gmail.com 1) INSPECTION OF LOT/ EAUCTION DATE : For inspection of materials, the seller/company name, date of commencement of inspection, name of contact official with their contact details are as mentioned above. The e-auction commencement date/ closing date are also as mentioned above. The buyer has to satisfy himself about the quality quantity, age, condition etc of the materials. The registered Parties (or their Authorized Representative) should produce their e-Auction Photo ID Card to the Seller or produce a copy of this e-Auction Catalogue downloaded from the Website. 2) EAUCTION RESULT/STATUS : It must be personally seen by the Bidders online through the link Auction Lot Status immediately after closing of e-Auction which will be displayed up to 7 (Seven) days from the date of Closing of e-Auction (excluding the date of closing of e-Auction) and payment of Post-Bid EMD/SD must be made accordingly. Immediately after closing of e-Auction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Successful Bidder. The bidders must always keep their registered email account valid, failing which bidders will be liable for non-compliance of payment/delivery instructions if issued by MSTC/SELLER from time to time. 3) PAYMENT OF EMD/SD: SD payable within 7 (Seven) calendar days from the date of closing of e-auction. The bidder has to deposit SD equivalent to 25% of quoted Basic value of the confirmed lots and 10% of the basic value of the STA lots in the form of DEMAND DRAFT drawn in favour of "BSNL, Chennai Telephones" payable at Chennai on any scheduled bank Non-payment will result in automatic deactivation of Bidders Password. Although immediately after closing of e-Auction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Successful Bidder it must be noted by the Bidders that such Sale Intimation Letter will be issued by MSTC only for the purpose of record and payment of Post-Bid EMD/SD will have to be made within the stipulated time. Bidders must, therefore keep a watch on their incoming e-mail. No hard copy of the Sale Intimation Letter (on Confirmed or STA basis) will be issued by MSTC. Pre and Post-Bid EMD/SD are adjustable towards material value. 4) DEFAULT IN PAYMENT OF EMD/SD In case the successful Bidder fails to pay post bid EMD/SD, their pre-bid EMD, if any, will stand forfeited automatically, besides de-activation of their login. If the last date of payment happens to be the Bank/MSTC Holiday, the payment will be accepted on the next day. b)Rate of EMD/SD : Post-Bid EMD/SD will be @ 25% of the Sale Value for Lots Sold on Confirmed basis and 10 % for the Lots under STA Basis. c) Post-Bid EMD/SD by way of PO / DD of any Scheduled Bank in favour of the seller must be submitted to MSTC, or any office of MSTC (see

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