Reverse Auction. “BHEL shall be resorting to Reverse Auction (RA) (Guidelines as available on xxx.xxxx.xxx) for this tender. RA shall be conducted among all the techno-commercially qualified bidders. “Price bids of all techno-commercially qualified bidders shall be opened and same shall be considered as initial bids of bidders in RA. In case any bidder(s) does not participate in online Reverse Auction, their sealed envelope price bid along with applicable loading, if any, shall be considered for ranking.”
Appears in 3 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
Reverse Auction. Applicable. “BHEL shall be resorting to Reverse Auction (RA) (Guidelines as available on xxx.xxxx.xxxxxx.xxxx.xxx on “supplier registration page”.) for this tender. RA shall be conducted among all the techno-commercially qualified bidders. “Price bids Bids of all the techno-commercially qualified bidders shall be opened and same shall be considered as initial bids of bidders in RA. In case any bidder(s) does do(es) not participate in online Reverse Auction, their sealed envelope price bid along with applicable loading, if any, shall be considered for ranking.”
Appears in 1 contract
Samples: Framework Agreement/Rate Contract
