Contract Bidding Open For Barcode Reader Equipment (V2) in SRINAGAR, JAMMU & KASHMIR

The eligibility requirements include being a registered business entity capable of providing the required equipment. Bidders must demonstrate past experience in similar supply contracts and adhere to all regulatory standards set for government procurement. Additionally, all bidders must be compliant with the legal mandate for taxation and any other sector-specific regulations.

Bidders are required to submit various important documents, including proof of business registration, experience certificates, and compliance certifications with industry standards. All documents must be in ACCEPTED formats to ensure they are processed without delay. Bid submissions must also include a detailed financial proposal outlining costs associated with the supply, installation, and potential maintenance services.

Bidders must provide a performance security as part of the contract agreement, ensuring compliance and fulfillment of all contract obligations. The performance security acts as a safeguard for financial commitments and is typically a percentage of the total contract value, refunding upon successful completion of the project.

The evaluation and selection process will focus on the completeness and compliance of submissions with technical and financial obligatory requirements. Bids will be scored based on criteria such as financial viability, technical capabilities, past performance, and alignment with MSE and local content preferences. The best-qualified bidder will be selected for the project award.

MSEs have specific benefits; they are subject to relaxed eligibility criteria and receive priority evaluation during the selection process. This initiative encourages MSEs to participate actively in government tenders, stimulating local business growth and promoting equitable business opportunities.