T000003586_FileName1_SPECIAL PRODUCT ... - Bharat Petroleum

2. A cash receipt will be issued for the EMD, after the tenders (technical bid) are opened andscrutinized. The tenderer should retain the cash receipt for obtaining refund.3. Cheques or request for adjustment against any previously deposited EMD / pending dues / bills /security deposits for other contracts etc. will not be accepted as EMD, and any tender with suchstipulation will be treated as without EMD and shall be rejected.4. Interest is not payable on EMD.5. EMD is liable to be forfeited, if the tenderer modifies/ withdraws the offer and does not bid on linefor all the destinations / or refuses to accept the LOI/ Work Order after acceptance of BPCL‟s offerwithin the prescribed validity of the tender, or if the tenderer does not furnish the required securitydeposit, or if the tenderer is unable to position any or all offered tank-lorry/s within one monthafter the issuance of Letter of Intent award of contract. Failure to submit the bid confirmation(Attachment-12) within two working days on completion of electronic bidding, or if a variation isobserved between on-line bid price and the bid confirmation price, it would result in forfeiture ofEMD.6 EMD would be refunded to unsuccessful tenderers only after finalization of the tender. Whileclaiming refund, the original Cash Receipt issued by the BPCL must be surrendered. In case theCash Receipt is lost / misplaced, an Indemnity Bond in specified proforma supplied by the BPCL isto be submitted on non-judicial stamp paper of appropriate value (at tenderer‟s cost), dulynotarized.D. NEGOTIATIONS:1. BPCL reserves the right to negotiate with any or all the tenderers.2. Tenderers may be required to visit BPCL or any other office of the BPCL for negotiations/verification of documents, entirely at the cost of tenderers.3. Only the proprietor of the firm or the legally authorized representative of the firm may personallyattend such negotiations, as commitments made and/ or clarifications given during the negotiationswill be binding on the tenderer/s. He/ She should carry the necessary authorization to attend suchnegotiations and to hand over an authenticated copy of the same to BPCL‟s representative/sparticipating in negotiations.4. Originals of the documents submitted as copies along with the tender documents, as well asdocumentation to substantiate statements made in the tender document are to be produced forverification by the BPCL during negotiations or at any other time at the discretion of BPCL.E. SECURITY DEPOSIT (SD):1. Successful tenderers will be required to furnish SD within 15 days of issuance of LOI/ Work Orderat the following rates:The security deposit will be Rs. 5, 00,000/-.(Rupees Five lakhs Only). Minimum of Rs. 1,00,000/-shall be paid in the form of Demand Draft drawn on any Scheduled Bank in favour of BPCL, payableat Mumbai and balance amount may be deposited in the form of Bank Guarantee strictly inspecified Performa, valid for three & half years.2. Adjustment of EMD towards SD is permissible for the portion of SD payable by DD. Cash receiptsfor SD paid by DD will be issued by BPCL.9BPC/WR/SPECIAL PRODUCTS/2012-2015.