MARUTI SUZUKI INDIA LIMITED
Palam Gurgaon Road Gurgaon-122015
SVR Department
Ref.MSIL/SVR/-Tender 520
TERMS AND CONDITIONS Part-II
(To be signed on each page by the participant in Tender)
1. Pre-Bid pricing: The Pre-Bid is open to all buyers in MSIL E-Auction.
a) In pre-bid prospective bidders can participate after depositing EMD as per term of payment of EMD.
b) Bidders can give their highest rates in pre-bid before the auction.
c) Pre bid entry once updated cannot be changed afterwards.
2. Pre Bid will be on 18th Feb 2017.
3. Tender will be on 20th Feb 2017.
4. Monthly price indexation for Iron and Steel items:
Monthly price indexation will be with monthly average of prices published in NCDEX (steel long) web site put together [monthly price indexation = monthly average of NCDEX web site] for item sl. no 11 to 29. If the rate is not published in NCDEX web site. MSIL reserves the right to revise the price revision policy for indexation from website of same newspapers or introduce new indexation system from other newspapers / websites. Base rate will be [base rate = (monthly average NCDEX] from 26-Jan-2017 to 20-Feb-2017. (If rate is not published on 20-Feb-2017 next date will be taken).
5. Monthly price indexation for Aluminum items:
Monthly price indexation will be with monthly average of prices published in economic times (ET) C.G Ingot and Business Standard (BS) Aluminum Ingot (Mumbai) put together [monthly price indexation = (ET monthly average + BS monthly average)/2] for item sl no 1 to 10.If the rate in ET or BS is not showing any increasing/decreasing trend then indexation with single newspaper/site will be considered for that month. if there is a continues non movement of rates that paper's rate/site would be considered only after at least one month of post correction and also start showing similar movement as that of other paper. If the rate is not published both in ET and BS, MSIL reserves the right to revise the price revision policy for indexation from website of same newspapers or introduce new indexation system from other newspapers / websites. Base rate will be [base rate = (ET monthly average + BS monthly average)/2] from 26-Jan-2017 to 20-Feb-2017. (If rate is not published on 20-Feb-2017 next date will be taken).
6. Monthly price indexation for Copper Items:
Monthly price indexation will be with monthly average of prices published in economic times (ET) Copper mixed scrap and Business Standard (BS) copper utensils scrap put together [monthly price indexation = (ET monthly average + BS monthly average)/2] for item slno. 43. If the rate in ET or BS is not showing any increasing/decreasing trend then indexation with single newspaper/site will be considered for that month. if there is a continues non movement of rates that paper's rate/site would be considered only after at least one month of post correction and also start showing similar movement as that of other paper. If the rate is not published both in ET and BS, MSIL reserves the right to revise the price revision policy for indexation from website of same newspapers or introduce new indexation system from other newspapers / websites. Base rate will be [Base rate = (ET monthly average + BS monthly average)/2] from 26-Jan-2017 to 20-Feb-2017. (If rate is not published on 20-Feb-2017 next date will be taken).
7. Tender Validity as per tender sheet.
8. The type of scrap offered can be inspected between 9.30 hrs. To 17:30 hrs. On any working day up to 17th Feb 2017 at MSILG, MSILM and MSIL (MPT). The materials have to be lifted from Scrap Shop and or any other place/s within the factory of MSILG/MSILM/MSILMPT.
(Signature)
Name and Designation of Authorized Signatory with seal
DY.GENERAL MANAGER (SVR)
Sign & seal 1