IDCOL KALINGA IRON WORKS LIMITED (IKIWL) - Imimg

( 4 )11. The bidders must give their full Name, address, Excise Central Codenumber (if they have one) and telephone numbers in the bids submitted by them.They should also give their FAX number and e-mail address, if they have one.They shall be intimated at either of these addresses about the acceptance of theirbid. Notwithstanding the intimation as above, they shall keep in touch with the NewDelhi 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.12. If it is not possible for a single bidder to afford to purchase the entire rakeload of pig iron, the bid may be submitted by a group of firms (business entities)quoting jointly. In that case the names, TIN numbers, Excise Central Codenumbers(wherever relevant) and Telephone numbers (FAX numbers, whereverthey have) and full addresses of all the firms shall be given in the bid indicatingapproximately the quantity to be purchased by each, such that the total quantity ofpig iron of that bid shall approximately be 2500 MTs. It shall be presumed that thejoint bidders shall purchase the entire rake load of pig iron, even if the actualquantity turns out to be different than 2500 MTs. The bid may be signed by one ofthem by enclosing the written authority of the remaining ones. Alternatively, all maysign the bid.13. An Earnest Money Deposit (EMD) of Rs.1.00 lakh shall be submittedalongwith the bid in the form of crossed Demand Draft drawn in favour of M/s.IDCOL Kalinga Iron Works Ltd. and payable at New Delhi. This shall be forfeitedfor failure to pay the advance (see clause 15 below) in time, Otherwise, it shall bereturned / refunded as early as feasible. However, no such Earnest MoneyDeposit is payable at the time of submission of the bid in case of regularcustomers, who have been purchasing the full rake load of pig iron from M/s.IKIWL. The decision in this respect of the M/s. IKIWL or its authorized officer shallbe final and binding. It can be communicated to the prospective bidders in advanceof the submission of bid, if they approach M/s. IKIWL or its authorized officer at theNew Delhi address mentioned above.