FREAK LOW QUOTES. 22.1. Bid is considered as Freak Low, If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2-L1) *100/L1) is 30% or more with reference to L1.
FREAK LOW QUOTES. In case after opening of price bid of techno-commercially cleared firms, it is noted that the L-1 firm has quoted very low rates and indicates to withdraw from the tender then EMD shall be forfeited and the firm may be given tender holiday including intimation to other PSUs. However in case the vendor agrees to take-up the job with such low quote and if the rates quoted are found less than GRSE Estimate by 30% and also if the difference in rate between L1 & L2 is 30% or more then the firm will have to give additional Security Deposit of 20% of Order value. There shall not be any exemption applicable against this additional Security Deposit.
FREAK LOW QUOTES. In case after opening of price bid of technically cleared firms, If L1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to other PSUs. If the rates quoted are less than MDL estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1) *100/L1) is 30% or more with reference to L1, then contract only placed after meeting held with L1 bidder to ascertain whether the quoted prices are “workable”.
FREAK LOW QUOTES. In case after opening of price bid of technically cleared firms, it is noted that L-1 firm has quoted very low rates and indicates to withdraw from the tender then EMD shall be forfeited and firm may be given tender holiday including intimation to other PSUs.
FREAK LOW QUOTES. In case after opening of price bid, it is observed that L1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to other PSUs.
FREAK LOW QUOTES. In case after opening of price bid of technically cleared firms, it is noted that L-1 firm has quoted very low rates and indicates to withdraw from the tender then EMD shall be forfeited and firm may be given tender holiday including intimation to other PSUs. If the rate quoted are less than the MDL estimates by 40% or so and if the difference in rate between L-1 and L-2 is 30% or more then the firm will have to give additional BG of 20% of the PO value as additional security. Bank charges for this additional BG shall be borne by MDL and reimbursed against proof of payment.
FREAK LOW QUOTES. Not applicable.
FREAK LOW QUOTES. In case after opening of price bid of technically cleared firms, If L1 firm has quoted very low rates and indicates to withdraw from the tender then firm may be given tender holiday including intimation to other PSUs. If the rates quoted are less than MDL दो बोली जीईएम् -निनिदा जीईएम् /२०२३/बी/४१५७९८३ TWO BID GEM BID GEM/ 2023/B/4157983– BRC for Flushing Activity of Cooling Line of Pipes/ Hoses and Tubes for Project P17A. estimates by 40% or so and if the difference in rate between L1 and L2 (i.e. (L2- L1) *100/L1) is 30% or more with reference to L1, then contract only placed after meeting held with L1 bidder to ascertain whether the quoted prices are “workable”. MDL reserves the right of part-ordering the services. 23.
FREAK LOW QUOTES. Not applicable to this tender.
