Government Tender Published for Ferrosilicon for Bulk Supply (V2) as per IS 1110 in VISAKHAPATNAM, ANDHRA PRADESH

The eligibility requirements include being a registered entity capable of supplying bulk Ferrosilicon according to IS 1110 standards. Bidders must also possess the necessary certifications and demonstrate compliance with industry regulations related to safety and quality. Financial stability and a proven track record of completing similar contracts may also be assessed.

The technical specifications for Ferrosilicon involve adherence to IS 1110 standards, which dictate the required chemical composition and physical properties. Suppliers must provide documentation verifying that their products meet these stringent quality benchmarks. Additionally, sample analysis reports may be required during the evaluation phase to assess compliance with specifications.

Payment terms are generally structured to facilitate smooth transactions, entailing a breakdown of payment schedules linked with milestones achieved during delivery. Bidders must present a clearly defined payment proposal in their submissions, which reflects adherence to financial stability and ensures transparency in financial dealings throughout the contract period.

The evaluation and selection process is a two-stage procedure that first assesses eligibility criteria before reviewing technical and financial submissions. Points will be awarded based on compliance with specifications, financial proposals, and delivery capabilities. The final decision will be made by the procurement team at Rashtriya Ispat Nigam Limited, focusing on the best value for the government.

Micro, Small, and Medium Enterprises (MSEs) are granted special provisions in the evaluation process, allowing for a potentially more favorable consideration during bid assessments. The goal is to promote inclusivity and empower small businesses within the manufacturing sector, aligning with government initiatives to foster local enterprise growth and sustainability.