GENERAL & TERMS AND CONDITIONS
1) EMD: Rs. 3,000.00 (Rupees Three thousand 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: 3,000/=
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) 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