Bids are Invited For MICROPROCESSOR BASED FEEDER PROTECTION RELAY FOR LT PANEL in GUNA, MADHYA PRADESH

The eligibility requirements include being a registered entity with the necessary business licenses. Bidders must demonstrate past experience in supplying microprocessor-based electrical components, and adherence to safety regulations and standards specific to electrical products.

Participants must provide several required certificates, including compliance with safety standards, specifications of the relays to be supplied, and financial statements demonstrating the capability to meet the contract's demands.

The registration process involves registering as a vendor with the appropriate governmental body and submitting the required documents along with the bid proposal. Bidders must ensure all required technical documents and financial statements are prepared accurately to avoid disqualification.

Bidders must provide a performance security, typically a bank guarantee or a fixed deposit, to ensure compliance with tender conditions once awarded. The specifics of the performance security will be detailed in the final contract agreement following tender award.

MSEs are provided various benefits, including price preference during the evaluation process, reduced performance security requirements, and increased opportunities for participation. The tender encourages MSEs and startups, aligning with government initiatives to bolster local manufacturing and procurement efforts.