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Invitation to Bid - PLAIN CARBON STEEL PARTED INGOT/BILLET OF SIZE 150(+ /- 10MM) X150(+ - 10MM) X100(+ -20MM) PLAIN CA

Bid Publish Date

14-Nov-2024, 5:44 pm

Bid End Date

05-Dec-2024, 6:00 pm

EMD

₹12,82,099

Latest Corrigendum Available

Progress

Issue14-Nov-2024, 5:44 pm
Corrigendum12-Dec-2024
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

247500

Bid Type

Two Packet Bid

Categories 3

Yantra India Limited invites bids for PLAIN CARBON STEEL PARTED INGOT/BILLET OF SIZE 150(+ /- 10MM) X150(+ - 10MM) X100(+ -20MM) PLAIN CARBON S. Quantity: 247500. Submission Deadline: 05-12-2024 18: 00: 00. Submit your proposal before the deadline.

Documents 3

GeM-Bidding-7140950.pdf

Main Document

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

Bidder Turnover *In case any bidder is seeking exemption from Experience / Turnover Criteria

2

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Corrigendum Updates

1 Update
#1

Update

12-Dec-2024

Extended Deadline

16-Dec-2024, 9:00 am

Opening Date

16-Dec-2024, 9:30 am

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1INDIA INDUSTRIAL ENTERPRISES(MII)   Under PMA Winner ₹1,73,45,974Item Categories : PLAIN CARBON STEEL PARTED INGOT/BILLET OF SIZE 150(+ /- 10MM) X150(+ - 10MM) X100(+ -20MM) PLAIN CA
L2BANSAL ALLOYS AND METALS PRIVATE LIMITED (MII)   Under PMA₹2,05,13,136Item Categories : PLAIN CARBON STEEL PARTED INGOT/BILLET OF SIZE 150(+ /- 10MM) X150(+ - 10MM) X100(+ -20MM) PLAIN CA
L3SAARLOHA ADVANCED MATERIALS PRIVATE LIMITED (MII)   Under PMA₹2,27,44,830Item Categories : PLAIN CARBON STEEL PARTED INGOT/BILLET OF SIZE 150(+ /- 10MM) X150(+ - 10MM) X100(+ -20MM) PLAIN CA

🎉 L1 Winner

INDIA INDUSTRIAL ENTERPRISES(MII)   Under PMA

Final Price: ₹1,73,45,974

Frequently Asked Questions

What are the eligibility requirements for **GEM/2024/B/5610189**?

The eligibility requirements include being a registered entity, meting a minimum average annual turnover of ₹ 85 Lakh, and adherence to the technical specifications in the provided documentation. Supporting documentation is required for any exemptions sought by bidders regarding experience or turnover.

What documents are required to qualify for bidding?

Bidders must submit their registration documents, the Earnest Money Deposit (EMD), and any supporting documents for exemption from experience or turnover, along with test certificates for compliance with the specified materials' requirements.

How can a bidder register for this tender?

To register for the tender, bidders need to access the GeM portal, create a registered account, and complete their profile with all necessary information. Following the registration, they can navigate to the specific tender and submit their bids electronically.

What is the accepted document format for submissions?

Documents must be submitted in PDF format, as specified in the tender documentation. Other formats may not be accepted. Bidders are advised to review submission guidelines thoroughly to ensure compliance.

What are the technical specifications for the steel ingots/billets?

The technical specifications state that the ingots/billets should comply with specific compositions, including Carbon, Silicon, Manganese, Sulfur, among others, as detailed in the tender documentation. Bidders must ensure that their products conform to these requirements.

What quality standards should be followed?

Bidders must ensure compliance with industry-standard quality control measures during the manufacturing process of the ingots/billets and include documentation demonstrating adherence to these standards throughout the supply process.

Are there any compliance requirements that bidders must adhere to?

Yes, bidders must comply with all applicable regulations and standards pertinent to the manufacture and supply of steel products. Additionally, they must meet the specific requirements set forth in the tender documentation.

What is the **Earnest Money Deposit (EMD)** amount for this tender?

The Earnest Money Deposit (EMD) for this tender is set at ₹ 1,282,099. This amount must be submitted along with the bid to ensure that the bidder is committed to pursuing the tender.

What are the current performance security requirements?

The performance security requirements will be detailed in the contract post award and generally require submission of a security bond, typically a percentage of the total contract value, to ensure compliance with the terms of the tender.

What are the payment terms once the tender is awarded?

Payment terms will vary, but generally, they will depend on the milestones achieved following the delivery of the materials. Detailed payment terms will be outlined in the final contract agreement.

How will the price evaluation be conducted?

The price evaluation will consider the total value-wise evaluation method, where the offers will be assessed based on cost-effectiveness alongside compliance with technical requirements and quality standards.

How are submissions evaluated and selected?

Submissions will undergo a comprehensive evaluation based on several criteria, including the cost of the bid, technical compliance, and the submitted documentation. The bidder with the best value proposition will be selected for awarding the contract.

When will results be notified to bidders?

Notification of results will be communicated to bidders once the evaluation process is complete, typically through the same portal where bids were submitted. Bidders are encouraged to monitor this platform for updates.

Are there benefits for Micro, Small, and Medium Enterprises (MSEs)?

Yes, MSEs are provided with certain benefits, including exemptions or relaxations in eligibility criteria, which aim to enhance the participation of smaller businesses in government contracts.

Are there any special provisions for startups?

This tender encourages startups to participate, offering favorable evaluation criteria to promote inclusivity and growth within the sector, which may include supportive measures for initial bidders.

How does this tender comply with 'Make in India' policies?

This tender aligns with the 'Make in India' initiative by promoting domestic manufacturing and local sourcing of materials, which underlies the objective of boosting local economies and reducing imports.

What local content & procurement rules apply to this tender?

Local content procurement rules apply, ensuring that a certain threshold of the materials is sourced or manufactured within the country. Bidders are encouraged to comply with guidelines that promote local aspirations and capabilities.

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