2. The General Bid format and Price Bid format submitted ... - Tender
2. The General Bid format and Price Bid format submitted ... - Tender
2. The General Bid format and Price Bid format submitted ... - Tender
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( 4 )within the validity period to pay the prices quoted, cannot refuse the payment.This shall also mean that the <strong>Bid</strong>ders can not withdraw, vary or change their <strong>Bid</strong>suntil the validity period is over. Once the rate is accepted by the management ofRoida-C Iron & Manganese Mines of IDCOL, the price shall remain firm duringthe period of contract.7. Unitage – <strong>The</strong> basic price shall be increased by 1.5% per percentage increase inFe content beyond 65%.8. Loading & Transportation (by road dispatch) – It shall be arranged by thebuyer in compliance with the statutory provisions. <strong>Bid</strong>ders selected shall load intheir trucks the Iron Ore lump in Roida-C Mine <strong>and</strong> transport it to requireddestination at their cost.9. Sampling & Analysis – It shall be conducted in our laboratory <strong>and</strong> ourLaboratory analysis report is final <strong>and</strong> binding for all purposes. In case, thebuyer so desire, they may depute their authorised representative/Analyst at thetime of sampling & analysis.10. E.M.D. - <strong>The</strong> bidder has to submit Dem<strong>and</strong> Draft as indicated in the above tableas EMD in favour of “ <strong>The</strong> I.D.C. of Orissa Ltd. ” payable at Bhubaneswar on anyNationalised Bank situated at Bhubaneswar along with the offer failing which, theoffer will not be taken in to consideration. <strong>The</strong> EMD of unsuccessful bidder shallbe refunded as early as possible. <strong>The</strong> EMD of successful bidder shall beconverted in to Security deposit (interest free) <strong>and</strong> in the event of failure todeposit 100% sale value within four days from the date of issue of the SaleOrder, the Security deposit thereof shall be forfeited <strong>and</strong> the deals will be closed.<strong>The</strong> bidders, who have already deposited the EMD amount earlier <strong>and</strong> is retainedby IDCOL / IKIWL, need not submit further. Only they have to furnish the detailsof deposit at Clause No.7of the <strong>General</strong> <strong>Bid</strong> Format.11. Payment – <strong>The</strong> buyer has to lift the material against 100% sale value in shapeof Dem<strong>and</strong> Draft drawn in favour of IDCOL KALINGA IRON WORKS LTD.- MINESRECEIPT ACCOUNT payable at Barbil on State Bank of India, Bank of India, Bank
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