Common Contracts
1 similar null contracts
NOTICE INVITING TENDER (NIT)May 18th, 2024
works such as scaffolding, cleaning, overheads, profit, statutory expenses, incidental charges and all relatedexpenses to complete the work 20 EVALUATION OF PRICE BIDS AND FINALIZATION 1. In case you/ your firm qualifies the technical bid, you/ your firm will have to arrange to participate in the on- line reverse auction to be conducted by M/s. Antares Systems Limited for submitting your price bid on line. The details and other documents relating to reverse auction are placed at Sample Business Rule Document.2. The L1 Bidder will be selected on the basis of net total of the price evaluation as quoted in the E-Reverse Auction.a. If the final L1 bid is unreasonably low i.e. L1 bid is less by 10% or more of the Estimated Cost, the contractor shall submit additional Security Deposit in the form of PBG/DD for an amount equal to difference in the 92.5 % of the estimated cost vis-a-vis final tender amount quoted by the L1 contractor. PBG/DD to be submitted within 7 days from issue of lett
