A pre bid meeting will be held in the Board Room of TCP on Monday January 6, 2017 for consultation with interested parties. All the parties, desirous of participating in the tender may attend the meeting. Sources informed that some 500 metric tons sweeping cargo of urea is available at Gwadar Port (near Hazardous area) and another lot of 635 tons approximately at Gwadar Port (near Reefer point + Hazardous area). While, some 290 metric tons of urea is lying at Landhi Godown for disposal.
As per tender's term of condition, the submitted bids will remain valid for thirty days from the day on which the tender is opened excluding the opening day. Interested parties are required must accompanied bids with the Earnest Money equivalent to at least 5 percent (separate for each lot) of the quoted value in the form of Bank Pay Order/Demand Draft in favour of TCP. Bids not accompanied with the required Earnest Money will not be considered. Earnest Money of successful bidder(s) will be returned / refunded after successful lifting of sold quantity of sweeping urea.
While, TCP will have the right to forfeit the earnest money if the successful bidder fails to fulfil the laid down terms and conditions or commits any breach thereof, without prejudice to TCP's right to claim damages/losses and take any other action.
However, the individuals/sole proprietorships/firms/companies defaulted with the TCP are not eligible to participate in the tender. Further those individuals/sole proprietorships firms/companies who have not fulfilled their contractual obligations with TCP will also not be eligible to participate in the bids, unless they clear their dues along-with penalties or fulfil their contractual obligations with TCP, as the case may be, before the tender opening date.
The successful bidders (buyers) will make payment of at least 50 percent of the whole lot or 200 MT (whichever is lower) ,on the basis of quoted price, within seven days from the date of issuance of letter of acceptance, so as to enable TCP to issue delivery order.
The sold stocks are to be lifted, within fifteen days from the date of issuance of delivery order. In case the goods are not lifted within fifteen days, further extendable by ten days on justifiable grounds, TCP reserves the right to cancel the delivery order and forfeit amount paid, without any notice to the defaulting buyers and sell the un-lifted goods at his risk & cost and recover the losses incurred by TCP. According to tender documents, TCP has a right to reject any or all bid(s) at any time prior to their acceptance, as per rules.
Copyright Business Recorder, 2017