| i. | e-Tender No. | RBI/Chennai Regional office/Estate/25/24-25/ET/611 [CivilRenovExecutiveToiletMOP] |
| ii. | Name and location of the work. | Civil Works for renovation of the Executive Toilet at Board Room area of 3rd Floor at the Main Office Premises (MOP), Chennai 600001. |
| iii. | Name & address of tender inviting authority. | The Regional Director, Reserve Bank of India, Estate Department, Fort Glacis, 16, Rajaji Salai, Chennai-600001. Tel No.: 044 - 2539 9108/9066
E Mail id : estatechennai@rbi.org.in |
| iv. | Estimated cost put to tender. | ₹18 lakh (inclusive of G.S.T) |
| v. | Earnest Money Deposit (EMD). | 2% of the ‘Contract Amount’ shall be remitted by the successful bidder, as EMD, on issue of Letter of Acceptance of the tender by the Bank. |
| vi. | Retention Money (RM) to be deducted from each RA bill towards DLP | at the rate of 5% of the value of each bill certified. |
| vii. | Performance Security Bank Guarantee | For 5% of the accepted ‘Contract Value’, valid for the entire period of currency of contract (including DLP). (To be submitted by the Successful bidder only). PBG would also be accepted to be deposited in the form of NEFT for the equivalent amount. However, the amount would not attract any interest. |
| viii. | Liquidated damages | 0.25% of the accepted contract amount per week, subject to a maximum total of 10% of the accepted Contract Price. |
| ix. | Period of completion. | 45 days from 3rd calendar day of issue of work order. |
| x. | Time for Settlement of Bills | 30 days from the receipt of the Interim Bill and 45 days from the receipt of the Final Bill. |
| xi. | Interim Bill / Running Account (RA) bill | Each RA Bill shall be ₹10 Lakh |
| xii. | Release of EMD / Performance Security Guarantees. | EMD remitted by the successful bidder shall be released upon signing the contract agreement and submission of Performance Security Bank Guarantee. The Performance Security Bank Guarantee shall be released by the Bank on successful completion of DLP. |
| xiii. | Interest on Delayed payment | Simple interest @ 3 % per annum |
| xiv. | (a) Tender documents available on and to be downloaded / submitted through e-Tender mode. | Through Bank’s approved e-Tender portal https://www.mstcecommerce.com/eprocn |
| (b) Period during which Tender documents will be available in the MSTC e-tender portal. | From November 29, 2024 to 11:00 Hrs. on December 09, 2024. |
| xv. | Important instructions on e-Tender and amount of transaction fee to be paid. | For instructions on e-Tender, please refer to Section I: Important Instructions regarding E-tender of the tender document.
e-Tender transaction fee shall be paid in the MSTC Website as applicable. |
| xvi. | Date of NIT (Notice Inviting Tender) available to parties for download | November 29, 2024 onwards |
| xvii. | Date of Starting of e-Tender for submission of bid (online) -Techno-commercial (Part I) bid and Price-bid (Part II). | 11:00 Hrs. on December 06, 2024. |
| xviii. | Last date and time of submission of bid (online) -Techno-commercial (Part I) bid and Price-bid (Part II). | 11:00 Hrs. on December 09, 2024. |
| xix. | Date & time for opening of Techno-commercial bid (Part I) | 11:30 Hrs. on December 09, 2024. |
| xx. | Date & time for opening of Price-bid (Part II) bid. | If no special conditions are put forth by the bidders, Part II (Price Bid) of the tender shall also be opened thereafter on the same day or else Part II (Price Bid) shall be opened on a subsequent date which shall be intimated to the bidders. |
| xxi. | Validity of the tender | 03 months from the date of opening of the PART- I of the Tender. |
| xxii. | Transaction fee | Payment of Transaction fee as mentioned in the MSTC portal through MSTC payment gateway/NEFT/RTGS in favour of MSTC LIMITED. |
| xxiii. | Contact details of tender inviting authority personnel. | (i) Shri. S. Ramesh
(AGM, Estate Department)
044 - 2539 9922/ sramesh@rbi.org.in
(ii) Shri. R.V.Shiva
(Manager, Estate Department)
044 - 2539 9108/ rvshiva@rbi.org.in
(iii) Shri. Kshitij Dahat
(Assistant Manager, Estate Department)
044 - 2539 9066 / kgdahat@rbi.org.in |
2. For full details please refer Tender document, Techno-Commercial Bid (Part I) and Price-Bid (Part II). Further corrigendum / addendum if any, will be hosted on the Bank’s website https://www.rbi.org.in/ under the link ‘Tender’s and https://www.mstcecommerce.com/eprocn. The Bank is not bound to accept the lowest tender and reserves the right to accept either full or in part of any tender. The Bank also reserves the right to reject any one or all of the tenders without assigning any reason, thereof.