Bids are Invited For currency counting machine in CHENNAI, TAMIL NADU

The eligibility requirements include being a registered entity equipped with necessary business licenses. Bidders should demonstrate experience in providing similar equipment, with references available for verification. Compliance with applicable local and international regulations is mandatory for eligibility.

Participating bidders must submit relevant certificates that demonstrate their compliance with quality standards. This may include ISO certifications and any other relevant documentation that showcases the technical capability of the currency counting machines being offered.

The registration process involves submitting the necessary documentation via the specified platform, completing the required forms, and fulfilling eligibility criteria. Bidders must ensure that all submission requirements are met before the deadline to qualify for participation in the tender.

Bidders must be prepared to submit a performance security deposit, typically a percentage of the total contract value, upon award of the tender. The performance security ensures that the selected vendor fulfills all contractual obligations and adheres to agreed-upon service standards.

The payment terms typically include an upfront payment after contract signing, followed by installment payments based on delivery milestones and acceptance of the machines by the Ministry of Railways. Bidders should ensure transparency in their financial proposals regarding payment schedules.

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