Bids are Invited For SELF LOCK NUTS M24 CLASS 8, HI TEMP

The eligibility requirements for this tender include being a registered entity and demonstrating a minimum of three years of prior experience in supplying Self Lock Nuts or similar components. Additionally, bidders must provide adequate evidence of financial stability, demonstrated by at least a 50% past performance in related contracts.

Bidders are required to ensure that the Self Lock Nuts M24 Class 8, Hi Temp comply with IS 6731 and any additional specifications highlighted in the tender documents. This includes providing a compliance certificate and OEM authorization to verify the product quality meets the given standards.

Required documents for submission include but are not limited to OEM Authorization Certificates, past performance records, detailed financial turnover, and any additional documentation listed in the Document Required from Seller section of the tender.

To register, bidders must create an account on the tender portal. The registration requires completion of necessary details about the business entity, followed by the upload of mandatory documents that demonstrate eligibility for participating in tenders.

The accepted document formats are typically PDF and DOC formats. Bidders should refer to the submission guidelines in the tender document for any specific format requirements.

The Earnest Money Deposit (EMD) is a security deposit that financial bidders are required to submit along with their bid. The exact amount will be specified in the tender documents and is intended to demonstrate the bidder’s seriousness regarding the offer.

Successful bidders will be required to submit a performance security, the terms, and amounts of which are mentioned in the main tender document. This security guarantees the contract obligations will be fulfilled.

Payment terms for this tender generally include milestone-based payments linked to delivery and acceptance of the products. Detailed terms will be provided in the contract agreement post-evaluation.

Price evaluation will be conducted based on the total value of bids, factoring both technical compliance and the cost proposed. The tender will follow a structured analysis to ensure financial prudence and fairness in awarding.

Bids must be submitted electronically through the designated tender portal adhering to the two-bid system. It is crucial that bidders follow the instructions outlined in the main document regarding submission as well as ensuring timely delivery of Technical and Financial bids.

After the evaluation process is completed, all bidders will be promptly notified regarding the results. Notification may occur through email or via updates published on the tender portal.

Yes, MSEs benefit from certain provisions such as relaxed eligibility criteria, and they are encouraged to participate to promote greater inclusion in the tender process. Specific details can be referred to in the main document.

Participation in this tender aligns with the 'Make in India' initiative by promoting indigenous manufacturing and supporting local businesses in supplying necessary products thereby enhancing domestic capabilities.

Bidders must be familiar with local content and procurement regulations as outlined in the tender documentation. Compliance with these regulations is essential to promote regional economic benefits and sustainable procurement practices.