12.07.2015 Views

IDCOL KALINGA IRON WORKS LIMITED (IKIWL) - Tender

IDCOL KALINGA IRON WORKS LIMITED (IKIWL) - Tender

IDCOL KALINGA IRON WORKS LIMITED (IKIWL) - Tender

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

( 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. The Earnest Money Deposit (EMD) shall be submitted alongwith the bid in theform of crossed Demand Draft/ Bankers Cheque/ Pay Order drawn in favour of “M/s. <strong>IDCOL</strong> Kalinga Iron Works Ltd. ” and payable at Kolkata as below.EMDAMOUNTa) For LM-II the deposit shall be Rs.7.00 Lakh.b) For LM-II (High Sulphur) deposit shall be Rs.2.50 Lakh.c) For LM-III deposit shall be Rs.1.00 Lakh.d) For Spl. LM deposit shall be Rs.1.00 Lakhe) For Alloy Pig Iron deposit shall be Rs.1.00 LakhNo interest will be paid on the EMD amount. The EMD of unsuccessful bidder shallbe 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 <strong>IDCOL</strong> as security forsatisfactory execution and completion of the transaction in question. In the event offailure to deposit the sale value as stipulated in Clause-16 or failure to execute thetransaction satisfactorily, the security deposit thereof shall be forfeited and the dealshall be closed.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!