T000003628_FileName_02-LPG _rejected_dpr ... - Bharat Petroleum

Bids are submitted in increments (increasing bid amounts).The application automates auto bidding by processing autobids automatically, according to the increment that BPCLoriginally established when creating the auction, submittingoffers to the next bid increment each time a competing Bidderbids, regardless if competing bids are submitted as auto ormanual bids.This feature can be used only once for a particular Lot during aparticular e-Auction and only after the H1 rate is equal to orhigher than the maximum bid amount that the bidder has put inthe system OR when the auto-bidder is not the highest (H1)bidder, will he get the option to further manually bid for thesame.7. Successful bidder shall be required to submit the final prices, quoted during thee-Auction in the Format provided to you after the completion of Auction to ETL,duly signed and stamped as token of acceptance without any new condition otherthan those already agreed to before start of auction immediately after thecompletion of the e-Auction.8. Your bid will be taken as an offer to collect the items mentioned in that particularLot. Bids once made by you, cannot be cancelled / withdrawn and you shall bebound to collect the item as mentioned above at your final bid price. Should youback out and not agree as per the final rates quoted, BPCL shall take actionas appropriate, including forfeiture of EMD for the whole category.9. After the receipt of the EMD and other required documents, the bidder shall beassigned a Unique User Name & Password by e-Procurement TechnologiesLimited. The bidders are advised to change the Password and edit theinformation in the Registration Page after the receipt of initial Password from e-Procurement Technologies Limited to ensure confidentiality. All bids made fromthe Login ID given to them will be deemed to have been made by their company.10. The bidders will be able to view the following on their screen along with thenecessary fields in the e-Auction:a. Highest Bid (H1 unit Rate) in the Auction for the Lots for which they arequalified to bidb. Bid Placed by them (Unit Rate)c. Their Own Rank (H1, H2, H3…. etc. where H1 would be the highest bidder,H2 would be the second highest bidder and so on….)d. Opening unit Price & Bid Increment value for each Lot.11. At the end of the e-Auction, BPCL will decide upon the winner. BPCL’s decisionon award of Contract shall be final and binding on all the Bidders.12. BPCL shall be at liberty to cancel the e-auction process at any time, beforedisposing, without assigning any reason.13. BPCL / ETL shall not have any liability to bidders for any interruption or delay inaccess to the site irrespective of the cause.22