Event Equipment e-Tenders

Payment to the agency will be as per actual work done and as per the inspection report and evaluation by the committee constituted by esg of the work done by the agency and subject to bills invoices certification by the technical section of esg.

The selection of the agency will be based on the lowest financial bid.

The agency shall have a cumulative gross turnover of minimum inr 20 lakhs for the last three financial years ****, ****, ****.

In the event of the successful agency defaults in maintaining the agreed timeframes scheduled set of activities as laid down in the contract, esg shall have the right to cancel the contract at any time and make alternative arrangement at the discretion of esg, in which case extra expenditure involved, will be recovered from the successful agency and the agency shall be liable to pay liquidated damages subject to a maximum of 20 of the total work order amount as an agreed pre estimate of the damages suffered.

The bid is liable to be disqualified if the information submitted in technical bid is found to be misrepresenting, misleading, incorrect or false, accidentally, unwillingly, or otherwise, at any point of time including during the execution of the work, if any.

The contract will be awarded to the bidder who has offered the lowest evaluated acceptable bid price.

Bidders must fulfill the qualifying criteria laid down separately in the tender notice.

For failure to complete the work, the contractor shall pay liquidated damages at half percent of the contract amount revised contract amount whichever is less, per week of delay.

Bidders are encouraged to visit and examine the site at their own responsibility, cost and risk.

Bidders may be disqualified if they make misleading or false representations in the forms, statements and attachments submitted as proof of the qualification requirements.