(488 kb)
Date : Feb 07, 2024
Sale of Briquettes of Shredded Currency Notes, Lucknow

Minutes of the Pre-Bid Meeting

Reserve Bank of India, Lucknow invites e-Tender under two bid system (technical bid and price bid) for Sale of Briquettes of Shredded Currency Notes from reputed and experienced contractors for the period April 01, 2024 to March 31, 2025 and which can be extended by the Bank on annual basis, at its opinion, for a further period of two years.

2. The e-Tender along with the detailed Tender Notice is available at MSTC website https://www.mstcecommerce.com/eprocn and the website of the Bank at https://www.rbi.org.in under the menu ‘Tenders’.

3. All interested bidders must register themselves with the MSTC through the above referred website to participate in the e-Tendering process.

4. The estimated cost of work is ₹49 lakhs (approx.) per year, however, the actual amount may vary.

5. The schedule for the e-Tendering process is as under:

Sr. No. e-Tender Schedule Scheduled Date and Time
1) E-tender No. RBI/Lucknow RBI/Lucknow Regional Office/Issue/1/23-24/ET/493 [sale of shredded note]
2) Date of NIT available to parties to download February 07, 2024 from 12:00 PM
3) Pre-Bid Meeting February 19, 2024 at 3:00 PM (Venue: Issue Department, Reserve Bank of India, Gomti Nagar, Lucknow)
4) Publication of minutes of Pre-bid meeting/addendum, if any February 21, 2024
5) Earnest Money Deposit Rs. 98,000/-
6) Last date of submission of EMD February 28, 2024 till 12:00 PM
7) Date of starting of e-Tender submission of online Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eproc February 07, 2024 from 12:00 PM
8) Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid. February 28, 2024 till 12:00 PM
9) Date & time of opening of Tender February 29, 2024 at 11:00 AM
10) Transaction Fee Payment of Transaction Fee as mentioned in the MSTC portal through MSTC payment gateway /NEFT / RTGS in favour of MSTC Limited

6. The Part-II i.e., price bid will be opened in respect of only those contractors/bidders who satisfy all criteria stipulated in Part-I on the same day or at later date as intimated by the Bank. The Bank is not bound to accept the highest tender and reserves the right to accept either in full or in part any tender. The Bank reserves the right to accept or reject any or all e-Tenders without assigning any reasons thereof.

Note: All the tenderers may please note that any amendments / corrigendum to the e-Tender, if issued in future, will only be notified on the website of RBI and MSTC as given above and will not be published in the newspaper.

Regional Director
Reserve Bank of India