Rashtriya Ispat Nigam Limited Tender by Rashtriya Ispat Nigam Limited (GEM/2025/B/6175567)
Custom Bid for Services - Appointment of Conversion Agent for TMT REBARSthru WET LEASING at NAGPUR
Tender Timeline
Tender Title: Custom Bid for Services - Appointment of Conversion Agent for TMT REBARSthru WET LEASING at NAGPUR
Reference Number: GEM/2025/B/6175567
Issuing Authority: Rashtriya Ispat Nigam Limited
Department: Ministry of Steel
Scope of Work and Objectives
The purpose of this tendering process is to appoint a competent conversion agent for TMT REBARS through wet leasing services at Nagpur. The successful bidder will be expected to provide services that enhance production efficiency and facilitate a seamless conversion process. The objectives include ensuring a steady supply of high-quality TMT REBARS, maintaining compliance with industry standards, and optimizing operational capabilities.
Eligibility Criteria
Bidders must meet specific eligibility requirements to qualify for this tender. Eligible entities are those registered and in good standing under applicable laws. Additionally, companies should have prior experience in managing similar conversion agency services or relevant projects. A thorough assessment of business stability and operational capability will also be conducted.
Technical Requirements
Bidders are required to submit detailed technical specifications that demonstrate their capability to perform the duties outlined in the tender. This includes specific methodologies for the conversion process and adherence to quality standards laid out by the Ministry of Steel. This may encompass equipment specifications, workforce qualifications, and operational protocols.
Financial Requirements
Bidders must present comprehensive financial documents that indicate sound financial health, including annual turnover and profit-loss statements from the previous three years. An Earnest Money Deposit (EMD) will be required to ensure commitment and serious intent from the bidding parties. Detailed payment terms and financial expectations will be discussed upon awarding the contract.
Document Submission Details
All interested bidders must ensure that their submission documents are comprehensive and submitted by the stipulated deadlines. The submission must include the completed bid form, technical proposal, financial proposal, and any additional documentation required by the issuing authority. Proper formatting and structured organization of documents are mandated to facilitate the evaluation process.
Special Provisions
The tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups. These entities may receive a reserve benefit in the evaluation process to promote inclusivity and stimulate local economic growth. Compliance with 'Make in India' policies is also emphasized, aiming to enhance local content procurement.
Evaluation Process
The evaluation of the bids will follow a structured process where both technical and financial proposals will be assessed. Evaluation criteria will include the adequacy of the technical specifications, financial viability, and adherence to the outlined objectives. Clarity and completeness of submissions greatly enhance the likelihood of competitive evaluation.
Delivery Locations
The successful bidder will primarily carry out operations in Nagpur. It is essential for bidders to incorporate logistical considerations into their proposals, ensuring effective implementation and service delivery in compliance with local regulations.
Contact Information
For any inquiries regarding this tender, bidders are encouraged to escalate their concerns directly to the designated authorities at Rashtriya Ispat Nigam Limited. Though specific contact details were not provided in the tender documentation, bidders should aim to follow standard communication channels for governmental inquiries.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
16 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- OEM Annual Turnover *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 under applicable laws, having relevant prior experience in managing conversion agency services, and ensuring operational stability. Bidders must demonstrate their capacity in financial health through annual turnover reports and legal compliance documentation.
Bidders must provide comprehensive technical specifications that outline their approach to the conversion agency services. This includes methodologies, equipment details, workforce qualifications, and compliance with quality standards established by the Ministry of Steel.
The document submission process requires interested bidders to compile all necessary paperwork, including technical and financial proposals, and submit them by the defined deadline. Documents must be well-organized and formatted appropriately to facilitate evaluation by the issuing authority.
Bidders are required to present detailed payment terms which will be negotiated post-award. Additionally, an Earnest Money Deposit (EMD) is required to confirm participation and demonstrate seriousness. Performance security requirements may also apply post-award to ensure compliance with contract obligations.
Yes, this tender promotes participation from Micro, Small, and Medium Enterprises (MSEs) and startups. There are provisions in place that may offer benefits during the evaluation process, furthering the goal of inclusivity within the bidding ecosystem and compliance with local content regulations under ‘Make in India’.
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