GENERAL & TERMS AND CONDITIONS
1. EMD: Rs. 10,000.00 (Rupees Ten thousand only), by way of RGTS/ NEFT. Bank Guarantee from any nationalized / scheduled / Multinational Bank for the EMD amount can also be accepted.
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: 10,000/=
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.
Bidders whose turnover is more than Rs: 50 crores 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.
2) After the finalization of tender, individual rate contract will be issued to all successful bidders and the individual order will be released to all successful bidders based on the distribution of tender quantity as shown below,
Distribution of Tender quantity among all the qualified bidders.
Negotiated L1 price will be offered to other bidders whose price bid was opened. The tender quantity will be split among bidders as follows.
a) If only one bidder (among L2, L3, L4, L5, L6, etc) agrees to match the negotiated L1 bidders price then tender quantity will be split as follows:
L1 bidder will get 70 % of Tender quantity
Other bidder who agreed to match the negotiated L1 price will get 30 % of Tender quantity
b) If two or more bidders (among L2, L3, L4, L5, L6, etc) agree to match the negotiated L1 bidders price then Tender quantity will be split as follows
L1 bidder will get 60 % of Tender quantity
Next higher bidder than L1 bidder who agrees to match the negotiated L1 price (Bidder â€™Aâ€™) will get 25 % of Tender quantity
Next higher bidder than Bidder â€˜Aâ€™ who agrees to match the negotiated L1 price will get 15 % of Tender quantity.
c) If none of the other bidders whose price bid was opened agree to match the negotiated L1 price, Andrew Yule reserves the right to order the entire Tender quantity on the L1 bidder.
3) THE RIGHTS OF THE COMPANY
Bidders who have quote other payment terms & condition having financial implication will be loaded as per Andrew Yuleâ€™s norms.
We reserve 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.
Our Bank details for making RTGS payment.
Bank Name and Address ALLAHBAD BANK
CHENNAI ADYAR BRANCH
19,1ST STREET, PADMANABHA NAGAR
CHENNAI 600 020
IFSC Code ALLA0211103
Account No 20276303182
Account Name ANDREW YULE & COMPANY LIMITED