E-REVERSE AUCTION. 1 GIPCL reserves the right to conduct E-Reverse auction through (n) Procure platform.
E-REVERSE AUCTION. 1) GIPCL reserves the right to opt for e-Reverse Auction for the subject tender at sole discretion of GIPCL.
2) To participate in e-Reverse Auction, bidders have to create e-Auction USER ID on xxx.xxxxxxx.xxxxxxxx.xxx and it is mandatory to submit the same along with physical Technical-Commercial Bid; so that the bidder shall be allowed to participate the e- Reverse Auction
3) To participate in e-Reverse Auction, bidders should have registered on nProcure’s e- Auction Portal: xxxxx://x-xxxxxxx.xxxxxxxx.xxx by selecting auctioneer as GIPCL.
4) For conducting e-Reverse Auction, Minimum Five (5) eligible Bidders or 50% out of total eligible Bidders (rounded to the next higher whole number), whichever is higher, shall be invited for participation in e-Reverse Auction
5) Original L1 price (including GST) will be declared through n-Procure’s e-Auction Portal: xxxxx://x-xxxxxxx.xxxxxxxx.xxx to start e-Reverse auction process and final received lowest auction price in the value by e-Reverse auction process will be the final L1 price.
6) For e-Reverse auction Decrement value is 1,00,000 and commencement of e-reverse auction shall be informed to the qualified Bidders before start of e-Reverse Auction. The L1 Bidder`s “Net Price-before e-reverse auction” shall be put up for starting e-Reverse Auction
7) Duration for the e-Reverse auction will be 30 Minutes with a provision of extensions for further 15 Minutes at every single reverse bid received during the last 05 minutes, till there is no further reverse bid entry (hit) by the participating Bidders.
8) Evaluation of tender will be done on gross total quoted amount with GST.
9) After e-Reverse Auction process, final L1 bidder shall be decided on lowest offered rate amongst other bidders during specified e-Reverse Auction process.
10) After e-Reverse Auction process, the original rates quoted by the final L1 bidder for individual items/packages shall be reduced proportionately based on total % reduction from their original quoted gross price v/s price derived after e-reverse auction, keeping GST percentage (%) rate same as originally quoted by final L1 bidder.
11) Pro rata reduction will be applied in the quoted rates for all the items of SoR after price discovery through e-Reverse Auction. • We have quoted X % above the estimated rates as service charge. or We have quoted Y % below the estimated rates as service charge. • Quoted X/Y % will be applicable to each activity on (estimated rates) clause mention in Annexure...
E-REVERSE AUCTION. E-Reverse Auction would be conducted on Unit / net cost to BSNL value for bid evaluation, subsequently after the opening of the Financial-Part. The following would be parameters for e-Reverse Auction: S. No. Parameter Value 1 Date and Time of Reverse-Auction Bidding Event Will be intimated to Technically Responsive bidders after opening of the Financial part
E-REVERSE AUCTION. After submission of Stage I bid documents and online price bid E reverse auction will be conducted. The E reverse auction will be governed by the Business Rules for Reverse Auction as per enclosed pages in Stage I bidding. Technically acceptable contractors against this tender shall be enlisted in our pre-qualified list of Contractors for SHIFTING OF "OFF SPEC" ANP MATERIALS FROM NP SILO AND NP BAGGING PLANT & OTHER AREAS AND CHARGING INTO RECOVERY VESSEL IN ANP PLANT. Contract would be finalized by Online reverse auction Procedure. The Tenderers who do not fulfill all or any of the conditions laid down in the tender document are liable to be ignored at the sole discretion of DFPCL. DFPCL also reserves the right to reject any/all the offers without assigning any reason thereof. In case of any Technical queries you may contact our Job Controller Shri . X X Xxxxxxxx/ S Xxxxx Telephone No.: 000-00000000/000-00000000.For commercial queries you may contact Xx Xxxxxx Xxxxxxxxxxx Tel No 000 00000000. Thanking you, Yours faithfully, For & on behalf of Deepak Fertilisers And Petrochemicals Corporation Limited S.Xxxxxx Associate Vice President (Commercial) Sr No Description No of pages 1 General Terms and Conditions 4 2 Special Terms and Conditions 11 4 Commercial Terms and Conditions 21
