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Contract Bidding Open For REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER

Bid Publish Date

02-Nov-2024, 3:27 pm

Bid End Date

11-Dec-2024, 3:00 pm

EMD

₹1,92,000

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Progress

Issue02-Nov-2024, 3:27 pm
Technical12-Oct-2024, 5:10 pm
Financial
AwardCompleted
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Quantity

8820000

Bid Type

Two Packet Bid

Categories 8

A tender has been published for Security Printing And Minting Corporation Of India Limited (spmcil) REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER. Quantity: 8820000 by. Submission Deadline: 11-12-2024 15: 00: 00. Check eligibility and apply.

Additional Tender Data

Commercial Details

Tender Category

Goods

Bid To RA

No

Bid To RA Enabled

No

Item Category

REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER

Authority Records

MINISTRY OF FINANCEECONOMIC AFFAIRS DEPARTMENT

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Documents 7

GeM-Bidding-7093818.pdf

Main Document

Technical Specification/Buyer Specification Document

TECHNICAL

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Required Documents

1

Certificate (Requested in ATC)

2

Additional Doc 1 (Requested in ATC)

3

Additional Doc 2 (Requested in ATC)

4

Additional Doc 3 (Requested in ATC)

5

Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

6

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

Corrigendum Updates

1 Update
#1

Update

26-Nov-2024

Extended Deadline

11-Dec-2024, 3:00 pm

Opening Date

11-Dec-2024, 3:30 pm

Technical Results

S.No Seller Item Date Status
1
HINDUSTAN PLATINUM PRIVATE LIMITED   Under PMA
Make : HPPL Model : HINDUSTAN PLATINUM PRIVATE LIMITED Title : REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER10-12-2024 17:10:14
2
JALAN AND COMPANY   Under PMA
Make : JALAAN'S Model : PUR SILVER INGOT Title : REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER10-12-2024 23:13:01
3
JAYTEE ALLOYS & COMPONENTS LIMITED   Under PMA
Make : JAYTEE Model : JAYTEE Title : REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER11-12-2024 13:24:51
4
PARKER PRECIOUS METALS LLP   Under PMA
Make : PARKER PRECIOUS METALS Model : PARKER Title : REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER10-12-2024 13:38:49

Financial Results

Rank Seller Price Item
L1
JALAN AND COMPANY(MSE,MII)( MSE Social Category:General )    Under PMA
Item Categories : REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER
L2
HINDUSTAN PLATINUM PRIVATE LIMITED (MII)   Under PMA
Item Categories : REFINING AND MANUFACTURING OF PURE SILVER INGOTS FROM 18MT OF QA SILVER

Frequently Asked Questions

What are the eligibility requirements for the GEM/2024/B/5568398 tender?

The eligibility requirements include being a registered entity, demonstrating prior experience in silver refining, and possessing the financial capability to fulfill the contract. Bidders must also submit all required documentation outlined in the tender specifications.

What certificates are required for submission?

Bidders are required to submit several certificates, including a valid registration certificate, financial certificates, and any additional documents specified in the Additional Terms and Conditions (ATC). Supporting documents for exemptions must also be included if applicable.

How do I register to participate in the tender process?

The registration process typically involves creating an account on the designated tender portal. Bidders must provide all necessary details and submit required documents for verification. Once registered, bidders can access tender documents and submit their bids electronically.

What formats are accepted for document submission?

Documents must be submitted in standard formats such as PDF or Word. Ensure that all files are well-organized and clearly labeled according to the requirements specified in the tender document.

What are the technical specifications for the tender?

The technical specifications encompass quality standards for refining processes, purity levels for silver ingots, and compliance with safety regulations. Specific details can be found in the technical specification document linked within the main tender documentation.

Are there any compliance requirements related to quality?

Yes, all bidders must meet stringent quality standards as defined in the technical specifications. Compliance with both national and international standards for silver refining is an essential requirement for successful bid evaluation.

What are the Earnest Money Deposit (EMD) details?

The EMD for this tender is 192,000. This fee must accompany bid submissions to secure the bid and demonstrates the bidder's commitment to the process. The EMD will be refunded post-tender conclusion for unsuccessful bidders.

What performance security is required after winning the bid?

Performance security requirements, if applicable, will be outlined in the contract agreement post-award. Generally, this includes a monetary guarantee to assure the successful execution of the project.

How will payments be processed?

Payment terms will typically be outlined in the contract following the awarding of the bid. Bidders should prepare to negotiate terms based on milestone completions or upon delivery confirmation.

What are the key timelines and deadlines for submission?

While specific deadlines are not provided here, bidders should refer to the main tender documentation for a complete schedule, including bid submission and opening dates.

How are bids evaluated and selected?

Bids will be evaluated using a total value-wise evaluation method. Criteria include financial viability, adherence to technical specifications, and overall credibility of the bid. A systematic review will ensure transparency in the selection process.

When can bidders expect notifications of results?

Notices regarding the outcomes of the tender process will be communicated through the official channels as specified in the tender documentation. Bidders should ensure that their contact details are accurate for timely notifications.

What benefits are available for Micro, Small, and Medium Enterprises (MSEs)?

MSEs are eligible for exemptions regarding years of experience, allowing for increased participation and competition within the tender process. This is aimed to support the growth of smaller entities.

Are there any special provisions for startups?

Yes, the tender makes provisions for startups to enhance their participation. Specific requirements and eligible conditions are outlined in the tender documents.

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

All bidders are encouraged to align their processes with 'Make in India' initiatives, promoting local manufacturing and procurement standards. Compliance with local content rules is also essential in the evaluation process.

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