Tender Document - SFCI

the office of the State Farms Corporation of India Ltd., the offer shall remain open
for acceptance till the next working day.
1.11 TERMS OF PAYMENT
The standard payment terms shall be as follows:-
i) 75% payment shall be made after getting the confirmation from the farms
regarding receipt of material in satisfactory condition.
ii) 15% payment shall be made after commissioning and satisfactory performance
during trial and testing.
iii) Balance l0% of the payment shall be made after furnishing of Bank Guarantee for
warranty for performance of the goods.
iv) Printed terms and conditions of the tender shall not be considered as forming part of
the tender.
1.12 RIGHT OF ACCEPTANCE:
The Corporation does not bind itself to accept the lowest or any other tender and
reserves the right to reject the whole tender or part thereof without assigning any
reasons thereof.
1.13 EARNEST MONEY
1.13.1 The firm registered under N.S.S.I.C. is exempted from depositing earnest money.
They should furnish Photostat copy of the registered certificate duly renewed, upto-date
with NSSIC.
1.13.2 Other tenderers should furnish EMD as indicated in section - II as Earnest Money
which may be sent by Bank Draft drawn in favour of the State Farms Corporation
of India Ltd., payable at New Delhi or by cash.
1.13.3 Demand draft should be in favour of State Farms Corp. of India Ltd., attached with
the technical bid offer by way of evidence of deposit of Earnest money.
1.14 LAST DATE OF RECEIPT OF TENDER AND OPENING OF TENDERS.
The tenders should reach the office of the DY. GENERAL MANAGER & HEAD
(ENGG.), State Farms Corp of India Limited ‘Farm Bhawan” l4-l5, Nehru Place,
New Delhi -110019 on or before as indicated in Tender Notice at 1.00 P.M. and
tenders shall be opened at 3.00 P.M. on the same day in the presence of such
tenderers and their representative who wish to attend.