In terms of Para e of Section-I of the tender document of the captioned tender, a Pre-bid meeting was held on March 13, 2019 at 3:00 P.M. at Reserve Bank of India, Issue Department Conference Room, Ground Floor, Fort, Mumbai - 400 001. Representatives from three (3) firms attended the said meeting. 2. The queries raised by the representatives of the participating firms, vis-à-vis our clarifications in regard thereto were as under: | Sl. No. | Queries raised by the Participants | Relevant paras/clauses in the Tender Documents | Clarifications issued by RBI, Mumbai | | 1) | Regarding method of evaluation of L1 | Section VIII of the tender document | Weighted rate method was explained to the participants. | | 2) | Whether Earnest Money can be deposited through NEFT | Section II – Instructions to Bidders | Earnest Money cannot be deposited by any means other than Demand Draft | | 3) | Prospective tenderers enquired about the volume/frequency of work | Section II – Instructions to Bidders | It was clearly mentioned to the prospective tenderers that frequency of work depends entirely on the supply and demand for currency in the Mumbai Circle. Reserve Bank of India is not under any obligation whatsoever to provide any minimum value of work to the winning bidder. | | |