Tender Timeline
Tender Title: Supply of Gold and Silver Coins
Reference Number: GEM/2025/B/5993199
Issuing Authority/Department:
NMDC Limited, under the Ministry of Steel
The tender invites bids for the supply of gold and silver coins, comprising specifically 30 grams of 999 purity gold coins and 100 grams of 999 purity silver coins. The total quantity required for this procurement is 40 coins. The scope of work encompasses the sourcing, supplying, and ensuring timely delivery of these precious metal coins, meeting the standards specified by the issuing authority.
Objectives
The primary objective of this tender is to procure coins of high purity for use in various applications as mandated by NMDC Limited. The procured items are intended to satisfy the requirements of official entities within the organization.
Eligibility Criteria
To participate in this tender, bidders must fulfill certain eligibility requirements. These include being a registered entity under the appropriate legal framework, in addition to possessing necessary licenses pertaining to the sale of precious metals. Bidders should also provide proof of experience in supplying similar items in previous transactions, especially in government or large-scale procurement processes.
Technical Requirements
The coins provided under this tender must adhere to specified purity standards: 999 (24-karat) for gold and 999 for silver. Bidders are required to submit a certificate or an authentication in line with the recognized testing and quality standards governing precious metals in the national context. Detailed information on the production and origin of the metals must also be disclosed.
Financial Requirements
Bidders must present a financial proposal that outlines the prices for the gold and silver coins. The proposal should demonstrate competitive pricing while also addressing any taxation and additional costs associated with logistics and delivery. Financial capacity to deliver as per the stipulated terms should be clearly established.
Document Submission Details
All documents required for this tender must be submitted electronically through the Government E-Marketplace (GEM) portal in the appropriate format. Bidders are encouraged to ensure their documentation is complete and meets specified requirements to avoid disqualification. Submission formats typically include PDF or DOCX formats.
Special Provisions
Considerations for Micro, Small, and Medium Enterprises (MSEs) and startups will be implemented, which may include relaxed financial criteria or additional points in the evaluation process, making this an excellent opportunity for eligible vendors looking to expand their market presence.
Evaluation Process
The evaluation of submitted bids will be based on predefined criteria, including adherence to specified technical and financial requirements. The successful bid will not only consider the cost but also the capability of the bidder to meet delivery timelines and quality standards.
Delivery Locations
Bidders should indicate their proposed delivery locations in the bid. The tender specifies that deliveries must be completed within the geographic territories defined by the NMDC Limited, ensuring smooth logistics for the procurement process.
Contact Information
For any inquiries related to this tender, potential bidders should refer to the official communication channels specified in the GEM portal to ensure accurate and timely responses to their questions.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
10 DocumentsDocuments Required from Seller
- Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements include being a registered entity, possessing necessary licenses for dealing with precious metals, and providing proof of past experience in similar tenders. Bidders must also comply with specific quality and technical standards as outlined in the tender documentation. Additional documentation to support claims of eligibility may also be required.
The technical specifications stipulate that the gold coins must be 30 grams of 999 purity, and the silver coins must be 100 grams of 999 purity. Bidders are required to provide certificates of authenticity and compliance with national quality standards for precious metals. Products that fail to meet these specifications will be deemed non-compliant and rejected during the evaluation process.
The payment terms will be specified in the tenders guidelines, typically requiring an upfront payment followed by verification of compliance with delivery standards. Performance security may be required to protect against defaults and must be maintained in the form prescribed – usually a bank guarantee or cash deposit for the duration of the contract.
Documents for submission must be provided in specified formats, notably PDF or DOCX. Bidders must ensure that all submitted documents are clear and legible to avoid disqualification due to improper formatting.
The evaluation process is structured to assess both technical and financial aspects of the submissions. Bids will be scored based on their adherence to the specifications, the quality of submitted documents, pricing, and the capacity for timely delivery. Notifications regarding the results of the evaluation process will follow the completion of assessments in accordance with the tender guidelines.
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