BID DOCUMENTS - IDCO

een so filled in and completed, he shall request the office to have this done before he completes
and delivers his tender.
5. Any person who submits a tender fill up the usual printed form stating at what rate he is willing to
undertake each item of the work. Incomplete tender and tenders which propose any alteration in the
work specified in the said form of invitation to tender, or which contain any other conditions of any
sort, or omit to note the time within which the work can be finished, or which are not accompanied
by the required earnest money will be liable to rejection. No single tender shall include more than
one work, but contractors who tender for two or more works shall submit a separate tender for
each. Tender shall bear the name of the work to which they refer written outside the envelop
Deposits for earnest money herein before mentioned shall be made in the form of Demand Draft or
Irrevocable Bank Guarantee in the prescribed form in favour of Orissa Industrial Infrastructure
Development Corporation, Bhubaneswar on any Nationalized Bank payable at Bhubaneswar
and the Bank Guarantee or Bank Draft thereof should be enclosed with the tender. The EMD
amount shall not be less than the amount specified in the tender call notice.
6. Chief General Manager/ General Manager or any authorized officer will open the tenders in the
presence of the intending contractors who may be present at the time and will enter the amounts of
the tenders in a comparative statement in a suitable form. In the event of a tender being rejected
the earnest money forwarded there with shall thereupon be returned to the tenderer.
7. The Corporation shall have the right to reject all or any of the tenders without assigned any reason
thereof.
8. In the event of a tender being selected for acceptance, the Corporation inform the tenderer of his
selection, who shall thereupon sign copies of the specification and other documents mentioned in
rules 1 and 4 for the purpose of identification, within ten days being called upon to do so, failing
which the offer will be rejected with forfeiture of EMD. The tenderer of the selected tender shall also
deposit the required amount of the Security money (2% of tendered value) within the prescribed
time. If the selected tenderer fails to deposit the required amount of the security money in shape of
Demand Draft or Bank Guarantee, the Corporation may reject the tender with forfeiture the earnest
money. Format for such Bank Guarantee (both as EMD and Initial Security Deposit to be treated as
Performance Guarantee) is enclosed. However, the Contractor may furnish both EMD and ISD in
shape of Bank Draft on any nationalized Bank payable at Bhubaneswar in favour of Orissa
Industrial Infrastructure Development Corporation.
9. When a tender is selected for acceptance, the tenderer shall deposit in the Corporation Office the
required amount of the security money in shape of Bank Guarantee in the prescribed form on any
nationalized bank located in the State of Orissa or Bank Draft in favour of the ‘Orissa Industrial
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