Tender Sale

By Murray & Co.,

 

Under instructions from and at

Sundram Fasteners Ltd., Padi, Chennai-50 

Tender No.D054/09/T014  due on 18.2.2010 by 5 p.m.

At Murray & Co., 340, Thambu Chetty Street, Chennai-1

 

        TERMS AND CONDITIONS

  1. The tender sale is conducted by Murray & Co., under instructions from M/s. Sundram Fasteners Ltd., Padi, Chennai-50 hereinafter referred to as the COMPANY.
  2. Prospective tenderers should inspect the equipment before tendering since no complaint regarding the quality, description, etc. will be entertained once the tender is submitted.
  3. The equipment can be inspected at Sundram Fasteners Ltd., Padi, Chennai-50 on 16.2.2010 &  17.2.2010 during factory working hours.
  4. Offers are to be submitted in the prescribed tender form, which will be available at the time of inspection. The tender form should be complete in all respects. Offers once submitted can not be withdrawn under any circumstances. The Permanent Account Number, Tax Identification Number &  Excise Registration  Number should be indicated clearly in the spaces provided.
  5. Last date of receipt of tender is 18.2.2010  by 5 p.m at Murray & Co., 340, Thambu Chetty Street, Chennai-1.  Tender offers should be in a sealed envelope superscribed as “Tender No. D054/09/T014 due on 18.2.2010 by 5 p.m.”  
  6. All offers should be exclusive of  VAT and TCS.

7.     All tenderers (prospective purchasers) should have valid license issued by Inspector of  Factories for dismantling and erection.  Allotment of the contract for dismantling and removal of the equipment would be made only to parties holding the valid license.

  1. The experience and abilities of the tenderers would also be taken into consideration while deciding on allotment of the dismantling and demolition contract. M/s.Sundram Fasteners Ltd., Padi reserves the right to allot the contract to any of the tenderers, not necessarily the highest tenderer, if in its opinion, any of the tenderers are found most suitable and capable of carrying out the work, irrespective of the rate offered.
  2. The Company reserves the right to negotiate with any of the tenderers and in such an event the tender deposit of the tenderers will be retained till the negotiations are completed.
  3. The tenderers should make themselves available for direct negotiation. Negotiations will be held at the Company’s discretion with the top three or more tenderers, if found necessary and the allotment would be made not only based on the rates offered by the tenderers, but also their past experience and ability in the opinion of the Company
  4. All offers are subject to acceptance by the COMPANY The Company has the right to accept/reject the tenders based on their own assessment and without  assigning any reason and no claims can be entertained from any of the tenderers.
  5. The purchaser shall quote his PAN & TIN in the tender form and Invoices will be raised by the COMPANY only in the name given in the tender form. Under no circumstances will requests for raising invoices in favour of parties other than the tenderer be considered.
  6. If the purchaser is an end user, self declaration in the prescribed format should be attached to the tender form.  If the purchaser possess a certificate from the Assessing Officer for collection of TCS at a lower rate than prescribed under the Act, such certificate shall be attached to the tender form, failing which TCS will be levied as prescribed under the Act
  7. Tender should be accompanied by a Tender Deposit of 20% of the offer by way of Demand Draft favouring Sundram Fasteners Ltd., drawn on any scheduled Bank at Chennai.  Tenders without deposit or with insufficient deposit are liable to be summarily rejected.
  8. The tenderer  whose offer is accepted by the COMPANY, shall be the purchaser.
  9. Acceptance of the offer(s) will be communicated to the purchasers, to the address given in the tender form. It is however the responsibility of the tenderers to ascertain if their offer(s) have been accepted by the COMPANY. Non-receipt of intimation shall not be an excuse for delayed payment.
  10. The purchaser shall within seven days from the date of acceptance of the offer(s), arrange to pay for the materials at Sundram Fasteners Ltd., Padi by way of Demand Draft payable at Chennai, favouring Sundram Fasteners Ltd.
  11. Along with the payment of sale value, the purchaser should remit VAT and tax collected at source, as applicable at the time of delivery.  Any changes in the tax or duty structure including changes to VAT system, shall be borne by the purchaser. 
  12. In addition to the sale value and VAT, the purchaser shall pay security deposit of 10% of the value as Security Deposit within seven days from the date of confirmation of the offer. The security deposit would be returned to the purchaser, without interest, on proper fulfillment of the dismantling and removal work to the entire satisfaction of the Company, unless it is determined under these terms of sale.
  13. If the purchaser fails to remit the amounts as detailed in clauses above, the COMPANY may at its discretion, permit the purchaser to remit the amounts for an extended period, subject to payment of interest at the rate of  0.25%  per day of default on the balance sale value, in addition to the amounts detailed in clauses above.
  14. Workmen Compensation Insurance should be taken out in a manner specified by M/s.Sundram Fasteners Ltd., Padi and it should cover all the workers at the site from the date of commencement of dismantling upto the date of completion of work.
  15. All the labourers working on behalf of the purchaser shall be covered under INSURANCE & PF and the purchaser shall be responsible for compliance with all the statutory provisions and safety regulations. All the workmen should use tested and certified safety belts at all times while working at heights. Life line, if requires, should be installed by the purchaser. All workmen should wear helmets. Two supervisors (one for job supervision and another for safety supervision) should be present at all times at the work site.  All dismantling work and working at heights should be stopped by 4 p.m. daily.
  16. The purchaser at his cost shall provide all necessary scaffolding and barricading.  No demolition work should be started without providing proper scaffolding.
  17. On payment of the sale value, VAT and Security deposit and satisfying the insurance and safety clauses set out hereinabove, the purchaser will be allowed to dismantle and remove the equipments.
  18. The total time allowed for dismantling the equipment, demolition and removal of debris is ten  days from the date of payment of the value & Security deposit. In case the dismantling and removal is not completed within ten days, the purchaser shall pay the Company liquidated damages at the rate of Rs.1000/- per day or part thereof so long as the work of demolition remain incomplete, which shall not in any event exceeding a further period of five days, at the expiry of which if the work is incomplete, the amounts paid will stand forfeited and the purchaser shall have no claim whatsoever on the materials remaining uncleared and the Company has the right to dispose off such materials in any manner. In the event of such a re-sale, the purchaser shall not be entitled to any profits on the re-sale but shall make good any loss in the same. [ Working day = 8 AM to 4 PM ]
  19. The purchaser should strictly follow all the safety regulations existing in the factory for the entire work.  It is the responsibility of the tenderer to know the safety requirements of the Company while carrying out the work.
  20. Dismantled items should be removed then and there and should not be stored at site under any circumstances.
  21. Two copies of the photographs of all workmen should be provided and handed over to the Company prior to commencement of work.
  22. Failure on the part of the purchaser to pay for and/ or remove the materials as provided in the Clauses above, will result in the forfeiture of the Earnest Money Deposit/ amounts paid to the COMPANY. In the event of such forfeiture, the COMPANY may dispose of the materials in any manner they may choose to, at the risk and expense of the defaulting purchaser, without any notice to them. The defaulting purchaser will be liable for the loss, if any, incurred from such resale but they shall not be entitled to profits, if any from such re-sale.
  23. The COMPANY will not be liable for any accident or injury to any of the purchaser’s workmen or transport while in the COMPANY premises.
  24. Purchaser’s workmen and transport shall observe the rules and regulations of the COMPANY in regard to entry or exit from the COMPANY, safety, etc.,
  25. Scrap materials shall be deemed to be sold by the COMPANY and purchased by the purchaser under the contract once the purchaser pays for the same to the COMPANY. Materials, once sold to the purchaser under this contract, if not removed immediately, shall be lying in the Company’s premises at the risk of the purchaser and the COMPANY shall not be liable for any damage or loss by fire, floods, weather or theft etc.,
  26. The purchaser will be held liable for damages or loss caused to the Company’s building, property, materials or men by the purchasers’ workmen’s or transport whether directly or indirectly.
  27. The decision of the COMPANY will be final and binding in all matters.

MATERIALS OFFERED FOR SALE 

 

Lot #

Description

Quantity

VAT%

TCS%

1

PSA Nitrogen Generator

 

Capacity: 35 N M3/Hr.

Make: Indicon Polymech Delhi Ltd.,

Year of Manufacture: 1992

 

with panel board, Ingersoll Rand  compressor  750 rpm , valves (non return & safety valves), Surge and De-oxo apparatus, Storage and Distribution Pressure Vessel (capacity 20 m3    5 Bars)   pipelines & electrical cables

 

for dismantling and removal of usable materials and clearance of debris     

1 Set

12.5

1

 

 

MURRAY & CO.,

Govt. Auctioneers & Estate Agents

340 (Old No 164) Thambu Chetty Street

Chennai – 600 001

Phone : 25345201 / 25345202

Fax No + 91-44-25359083

E-Mail : enquiry@murrays.in

Web Site: www.murrays.in