Leasing Service of DG-Set - Department of Financial Services

The eligibility requirements include being a registered entity with a valid business license and having at least three years of proven experience in the leasing service for DG-Set. Bidders must also ensure compliance with all statutory regulations and maintain financial capability as showcased through recent financial statements.

Bidders must meet comprehensive technical specifications including load capacity, compliance with emission norms, and warranty terms for the DG-Sets offered. A demonstration of historical performance data and commitment to maintenance services as part of the leasing contract is also obligatory.

Bidders are expected to provide a performance security that is typically a percentage of the contract value, ensuring that they fulfill their obligations under the leasing services agreement. This security is intended to safeguard against defaults in performance of the services laid out in the tender documentation.

Payment terms will typically involve an advance upon contract signing, followed by milestone payments correlating with the delivery of services and maintenance support. Clear conditions regarding satisfactory performance must be met before subsequent payments are made.

MSEs may avail special considerations such as relaxed eligibility criteria, exclusive bidding quotas, and potential subsidies. The government aims to promote the growth and participation of locally operated MSEs through such provisions in the leasing service for DG-Set contract.