FMS - GAIL

31. Conversion to
Single Currency
for Comparison
of Bids
[Applicable for
ICB tenders only]
32. Evaluation and
Comparison of
Bids
33. Preference for
Domestic Bidders
[Applicable for
ICB cases only]
34. Purchase
Preference
35. Compensation
for extended stay
quoted will govern.
30.2 The amount stated in the bid will be adjusted by the Employer in
accordance with the above procedure for the correction of errors and,
with the concurrence of the bidder, shall be considered as binding upon
the bidder. If the bidder does not accept the corrected amount of bid, its
bid will be rejected, and the bid security shall be forfeited.
31.1 To facilitate evaluation and comparison, GAIL will convert all bid
prices expressed in the amounts in various currencies in which bid
price is payable, to Indian Rupees at the Bill Collection selling rates
of Foreign Exchange as declared by State Bank of India a day prior to
priced bid opening.
31.2 Evaluation and comparison of prices of previously determined
substantially responsive bids shall take into account stipulations given
in Article 32.
32.1 Overall L1 basis.
33.1 Deleted
34.1 Purchase Preference to Central Government Public Sector
Undertakings shall be allowed as per government guidelines in vogue.
35.1 Not applicable
F. Award of Contract
36. Award 36.1 Subject to Clause 29, GAIL will award the contract to the successful
bidder whose bid has been determined to be substantially responsive and
has been determined as the lowest, is determined to be qualified to
37. Employer’s Right
to Accept Any
Bid and to Reject
Any or All Bids
38. Notification of
Award
39. Signing of
Agreement
satisfactorily perform the contract.
37.1 GAIL reserves the right to accept or reject any bid, and to annul the
bidding process and reject all bids, at any time prior to award of
contract, without thereby incurring any liability to the affected bidder
or bidders or any obligations to inform the affected bidder or bidders of
the ground for GAIL’S ACTION.
38.1 Prior to the expiration of period of bid validity GAIL will notify the
successful bidder in writing by fax, cable or telex to be confirmed in
writing, that his bid has been accepted. The notification of award / Fax
of Intent will constitute the formation of the Contract.
38.2 Delivery shall be counted from the date of notification of award / Fax
of Intent.
The notification of award will constitute the formation of a Contract,
until the Contract has been effected pursuant to signing of Contract as
per Clause 39 of ITB.
Upon the successful bidder’s furnishing of contract performance security,
pursuant to Clause 40 of ITB, GAIL will promptly notify each unsuccessful
bidder and will discharge his bid security, pursuant to Clause 16 of ITB.
39.1 GAIL will award the Contract to the successful bidder, who, within 15
days of receipt of the same, shall sign and return the acceptance copy
to GAIL.
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