IDCOL KALINGA IRON WORKS LIMITED (IKIWL) - Tender

( 4 )12. The bidders must mention in their bids the purchase price per MT in figuresas well as in words without erasing, cuttings and over-writings. The prices quotedshould be legible and have no ambiguity. Otherwise the bid shall be rejected. Incase of variation between the prices quoted in words and figures, those quoted inwords shall be final.13. The bidders must give their full Name, address, Excise control code number,Sales Tax Registration number, PAN and Telephone numbers in the bids submittedby them. They should also give their FAX number and e-mail address, if they haveone. They shall be intimated at either of these addresses about the acceptance oftheir bid. Notwithstanding the intimation as above, they shall keep in touch with theKolkata Office about the fate of their bids. Non receipt of intimation above in timeshall not be permitted to be the reason for non payment within the stipulated time.No intimation shall be given, where the bids are rejected.14. An Earnest Money Deposit (EMD) of Rs.25 lakhs shall be submittedalongwith the bid in the form of crossed Demand Draft/ Bankers Cheque/ Pay Orderdrawn in favour of “ M/s. IDCOL Kalinga Iron Works Ltd. ” and payable atKolkata. No interest will be paid on the EMD amount. The EMD of unsuccessfulbidder shall be refunded as early as possible.The EMD of successful bidder shall be converted into security deposit(interest free ) and shall remain at the entire disposal of IDCOL as security forsatisfactory execution and completion of the transaction in question.In the event of failure to deposit the sale value as stipulated in Clause-16 , thesecurity deposit thereof shall be forfeited and the deal shall be closed.this deal.The EMD / any amount of any previous transactions can not be adjusted in