Tender
By Murray & Co., Under
instructions from and at
Sundram Fasteners Ltd., Metals
Form Division, Harita, Hosur-635 109 Tender No.D054H/10/T003 due on 3.8.2010 by 3 p.m. TERMS AND CONDITIONS
1. The tender sale is
conducted by Murray & Co., under instructions from M/s. Sundram Fasteners Ltd., Metal Forms Division, Harita, Hosur,
hereinafter referred to as the COMPANY. 2. Prospective tenderers should inspect the materials before tendering
since no complaint regarding the quality, description, quantity, etc. will be
entertained once the tender is submitted. 3. The materials can be
inspected at M/s. Sundram Fasteners Ltd., Metal Forms
Division, Harita, Hosur on 2.8.2010 during factory working hours
and on 3.8.2010 from 8.30 a.m. to 2.30 p.m. 4. Offers are to be submitted
in the prescribed tender form, which will be available at the time of
inspection. Offers should be submitted in the unit mentioned in the tender
form. The tender form should be
complete in all respects. The PAN number, Excise Registration and Sales Tax
Registration numbers should be indicated clearly in the spaces provided. 5. Last date of receipt of
tender is
3.8.2010 by 3 p.m. at Sundram Fasteners Ltd., Harita, Hosur-635 109.
Tender offers should be in a sealed envelope superscribed
as “Tender No. D054H/10/T003 due on 3.8.2010 by 3 p.m.” 6. The tender document should
be complete in all respects. All offers should be made only in the unit
mentioned and should be exclusive of Excise duty, CESS on Excise duty, VAT and TCS. 7.
The purchaser shall quote
his PAN number & TIN (Tax Identification Number) 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.
8. If
the purchaser is an end user of the scrap material, 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 9. Tender should be
accompanied by a Tender Deposit of 20% of the offer by way of Demand Draft favouring Sundram Fasteners
Ltd., Hosur drawn on any scheduled Bank at Hosur. Tenders
without deposit or with insufficient deposit are liable to be summarily
rejected 10. All offers are subject to
acceptance by the COMPANY. Offers will be accepted within twenty days from
the due date of the tender. The
COMPANY reserves the right to accept or reject any tender without assigning
any reasons. Tenderers, whose offers are accepted
by the COMPANY, shall be the purchasers. Upon acceptance of any of the
offers, the COMPANY, will at its discretion apportion the tender deposit as
Earnest Money Deposit (EMD) for the lots allotted to the purchaser, up to the
full value of the lot. 11. The COMPANY is at liberty
to accept or reject any of the lots and adjust the Tender Deposit in entirety
towards the lot(s) accepted, as deposit, and the tenderer
shall be agreeable for the same. It
will be at sole discretion of the Company to adjust the Tender Deposit
submitted along with the tender in entirety against 12. 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. 13. The purchaser shall within
7 days from the date of acceptance of the offer(s), arrange to pay for the
materials at Sundram Fasteners Ltd., Hosur by way of Demand Draft payable at Hosur, favouring Sundram Fasteners Ltd. 14. Along with the payment of sale value, the purchaser should remit the Excise
duty, CESS on ED, 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. 15. 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 additional charges at the rate of 0.25%
per day of default on the sale value, in addition to the amounts
detailed in clauses above. 16. The materials paid for as
per the clauses above should be removed from the factory premises at the
purchaser’s own cost within 10 days from the date of acceptance of the
offers. The quantity indicated is only approximate and the purchaser should
clear the entire accumulation at the agreed rate. 17. If the purchaser fails to
clear the materials as stipulated in clauses above, the COMPANY may at its
discretion, permit the purchaser to remit the amounts for an extended period
subject to payment of ground rent at the rate of 0.25% per day of default on the sale value. 18. 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. 19. 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. 20. 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., 21. 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 MURRAY & CO., 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., 22. 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. 23. The decision of the
COMPANY will be final and binding in all matters. 24. For other Conditions
contact MURRAY & CO., No.340, LIST OF MATERIALS
Details of tenderer and
Deposit: Name of Tenderer_____________________________________________________ Address____________________________________________________________________
__________________________________________________________________________ Contact
Person______________________________________________________ Phone____________________________
Excise Regn. No. __________________ PAN ___ ________________________ TIN __________________________________ Tender
Deposit Rs. _______________ (Rupees ____________________________) DD No.
_______________Dt. ________ Bank ______________/ Cash_________ I/ We submit my/ our offer
subject to the terms and conditions, which we have carefully read and
understood. I/ We agree to all the Conditions of Sale herein above written. _____________________________ (Signature of the Tenderer) Seal Date:
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