Contract Bidding Open For Supply of Lab Rare Earth Drum Magnetic Separator (Carbon composite Drum) for IRERC, Kollam in KOLLAM, KERALA

The eligibility requirements include being a registered entity capable of supplying laboratory equipment, particularly magnetic separators. Bidders must showcase a good standing in business registration and prior experience in delivering similar products. A sound financial background demonstrating the ability to fulfil the contract obligations is also crucial.

Bidders are required to meet certain technical specifications, including the performance and operational efficiency of the rare earth drum magnetic separator. Compliance with established industry standards for quality and safety is mandatory, and vendors must include comprehensive technical documentation that highlights the product's robustness and usability in laboratory environments.

Bids should be submitted digitally through the designated e-procurement platform. Accepted document formats generally include PDF for most technical and financial submissions. Compliance with the specified submission guidelines is crucial for ensuring bids are considered eligible.

The Earnest Money Deposit (EMD) acts as a security deposit ensuring that bidders adhere to their offers. This financial commitment helps prevent frivolous bids and is typically refundable upon contract award or rejection. Successful bidders will also need to comply with the performance security requirements post-award.

MSEs have several benefits including potential price preference during evaluation, increased chances of contract awards, and provisions for easier compliance with regulatory requirements. The aim is to promote competitiveness and innovation while aligning with government policies like ‘Make in India’ which encourages local sourcing.