visakhapatnam steel plant materials management ... - Vizag Steel

8.0 BID MONEY/EARNEST MONEY DEPOSIT8.1 Each tender shall be considered only if Bid money in Indian Rupees by meansof either a Cheque/Demand Draft drawn on any Scheduled Bank and payableto Rashtriya Ispat Nigam Ltd. at Visakhapatnam( subject to realization) or aBid Bond in the form of Bank Guarantee (as per the prescribed proforma atAnnexure -V of the Tender Documents) established in favour of RINL for anamount Rs. 7,50,000 (Rs.Seven lakhs fifty thousand only) is submitted alongwith or prior to opening of Part-A: Techno-commercial Bid.8.2 The Bid Bond as mentioned above should be established either in the formof Bank Guarantee issued by any of the Nationalized Bank (whether situatedat Visakhapatnam or outstation) with a clause to enforce the same ontheir local branch at Visakhapatnam or by way of Account payee DemandDraft payable at Visakhapatnam in favour of Rashtriya Ispat Nigam Limited.The Bank Guarantees from other Scheduled Banks (other than Nationalized)Banks) should however be from the branch located in Visakhapatnam. The A/cPAYEE cheque/DD/ bond established through Co-operative Banks are notacceptable. The Bid Bond should be valid till 30.04.2012. Tenders receivedwithout the Bid Bond / Bid Money of requisite value will summarily rejected.Bid money, if paid in cash, shall not accrue interest.8.3 The Bid Money must be submitted along with or prior to opening of Techno-Commercial Bid (Part-A). Tenders received without the EMD / Bid Money ofrequisite value will not be considered by RINL.8.4 The following categories are exempted from submission of EMD/Bid Money(i)(ii)(iii)Central/State/Govt.Public Sector undertakings of India.SSI Units/ Micro and Small Scale enterprises (MSEs) registered withNSIC/District Industries Centre of the state government concerned forthe item(s)/item category of tendered item(s) for which the tenderer isregistered with the respective authority.Units registered with RINL for the tendered item(s).SSIs/MSEs and units registered with RINL needs to submit notarized copies ofthe relevant valid registrations certificates for claiming exemption of EMDalong with Techno Commercial bid.8.5 Condition for availing benefit under purchase preference to local SSIs(MSEs)clause no.1.9(e) of tender notice & payment terms as per clause no. 4.0above by local micro & small enterprenuers (local SSIs): The local SSI unitshall submit notary attested copy of a valid SSI/MSE registrationcertificate/Enterpreneur memorandum acknowledgement part-II issued byany of the following for the items/ item category for which they are registeredfor availing the relevant benefits.20