GENERAL & TERMS AND CONDITIONS
1) EMD: Rs. 9,499.00 (Rupees Nine thousand four hundred and ninety nine only), should be paid by way of RGTS/ NEFT.
For bidders already enlisted with AYCL- Chennai-Operation, having outstanding amount more than the EMD amount or who have already submitted the EMD against our earlier tenders or those who have security deposit with Andrew Yule may apply for adjustment of the same. The total EMD should be Rs: 9,499/-
Bidders who are MSMED units may apply for exemption from furnishing EMD by making a specific request in writing and enclosing the necessary document in support of the same.
If reason for non-submission of EMD or adjustment against the outstanding balance for EMD is not mentioned in Techno-commercial bid of tender, the tender will be rejected.
Distribution of Tender quantity among all the qualified bidders
The tender quantity will be split among bidders (maximum 2 bidders) as follows.
a) If only one bidder (among L2, L3,L4, etc) agrees to match the L1 bidders price then tender quantity will be split as follows
L1 bidder will get 65% of Tender quantity
Other bidder who agreed to match the L1 landed price will get 35 % of Tender quantity
b) If none of the other bidders whose price bid was opened agree to match the L1 price L1 bidder will get the entire tender quantity.
2) THE RIGHTS OF THE COMPANY
We reserves the right to accept or reject any or all the tenders or to waive any informality, minor deviation or omission without assigning any reasons whatsoever.
Short Closure of Rate Contract: AYCL reserves the right to short close the rate contract at any point of time during validity of the contract with suitable prior notice to the bidders / vendors
Our Bank details for making RTGS payment.
Bank Name and Address INDIAN BANK
CHENNAI ADYAR BRANCH
NO.91, FIRST MAIN ROAD, GANDHINAGAR,ADYAR
CHENNAI 600 020
IFSC Code IDIB000A002
Account No 20276303182
Account Name ANDREW YULE & COMPANY LIMITED