Tender Document

This sale is also governed by

GENERAL TERMS & CONDITIONS (GTC), (CLICK HERE)

BUYER SPECIFIC TERMS & CONDITIONS (BSTC) (CLICK HERE) AND

MSTC shall have the right to issue addendum to the GTC or BSTC or STC to clarify, amend, modify, supplement or delete any of the conditions, clauses or items stated therein and the Addendum so issued shall form a part of the original STC.

ALL CONTRACTS/TRANSACTIONS ENTERED INTO BY THE BUYER/BIDDER ARISING OUT OF THIS E-AUCTION SHALL BE GOVERNED BY THE INTEGRITY PACT AVAILABLE ON OUR WEBSITE, www.mstcindia.co.in

NOTE * Sale is on "As is where is Basis" & "No Complaint Basis". Bidders are advised to inspect the materials & satisfy themselves regarding condition of the materials.

e-TENDER CUM e-AUCTION BIDDING PROCESS:

1. During live auction, on clicking the e-Tender-cum-e-auction number a dialog box will appear asking the bidder to choose the mode of bidding _e-Auction or _e-Tender. The bidders can participate either in e-tender or e-auction or both.

2. If the bidder chooses e-Tender, the e-tender submission page will appear with all details. Now, the bidder can type his bid against the lot of his choice and click on _BID_ button to submit their bid. Once a bid is registered against a lot, the _BID_ button against the lot will get disabled and they cannot bid for the same lot again. To view their bid, they may click on the link _Your Bid_ and see the bid and bid date and time.

3. To participate in the e-Auction, the bidder has to click the auction Number and choose e-Auction, from the dialogue box, as their mode of bidding. The auction floor will open up with relevant details.

4. There will be no extension of time for bidding in e-Tender. This means that e-tender will close at the scheduled close time, even if the e-Auction for the same lots may continue in the extended period.

5. In the event of e-tender and e-auction price being equal, the price bid accorded first with reference to time will get precedence.

6. After closure of the e-Tender-Cum-e-Auction, system will select the final highest bid after comparing the highest bids received in e-tender and e-Auction.

NOTE TO BUYERS : THE HIGHEST BIDS RECEIVED IN THIS e-TENDER-cum- e-AUCTION SALE IS SUBJECT TO FURTHER CONFIRMATION BY THE SELLER, REGARDING ACCEPTANCE OR OTHERWISE OF THE HIGHEST BIDS WITHOUT ASSIGNING ANY REASON (EVEN THOUGH THE HI BIDDER MAY GET THE AUTO- SYSTEM GENERATED EMAIL AS THEIR HI BID HAVING BEEN ACCEPTED OR STA). FOR ACCEPTED LOTS, THE H-1(HIGHEST) BIDDER HAS TO SUBMIT EMD/ Security Deposit @ 10% OF THE MATERIAL VALUE ONLY.

In order to participate in bidding for lots which require pre bid EMD, the bidder is required to have sufficient balance in the EMD wallet provided to the bidder for the purpose. A bidder can add money to its EMD wallet anytime through e-payment mode only and by following the link Pay Pre Bid EMD provided in the dashboard. Bidders in their own interest are advised to keep sufficient balance in their EMD wallet to bid in any auction and avoid any last minute hiccup. MSTC/Seller shall not be responsible for any delay in crediting of the money in MSTCs bank account due to any reason resulting in delay in updating the EMD wallet of the bidder

Bidders after successful login will get three new links at their homepage as:

Pay Pre Bid EMD EMD Refund Request EMD Ledger

Pre Bid EMD must be paid by the bidder (NEFT/RTGS) through this first link only. For Refunds, Bidders need to request through the second link only. Refund to bidder as per their online request will also be processed from HO on the next working day. PRE Bid EMD of H1 bidders will not be adjusted with balance material value. The same will be refunded to buyer after completion of material delivery. No interest will be paid for the Pre Bid EMD paid to MSTC Ltd. during such period.

PREBID EMD FOR EACH LOT as per the details given in Lot Description to be made must be deposited on or before ONE DAY PRIOR TO E-AUCTION DATE. PREBID EMD MUST BE PAID BY THE BIDDER NEFT/RTGS mode through PAY PREBID EMD MODE FROM THE WEBSITE https://www.mstcecommerce.com TO PARTICIPATE IN THE E-AUCTION.

Interested parties who are registered with MSTC for e-Auction (since eauction registration for buyers is an ongoing process, new customers can also register at our website i.e. www.mstcecommerce.com and fulfill the requirement in time) must deposit the above pre-bid EMD for being allowed to bid in this e-Auction.

1) Date of Inspection:For inspection of materials, the seller/company name, date of commencement of inspection, name of contact official with their contact details are as mentioned above. The eauction commencement date/ closing date are also as mentioned above.
Bidders may inspect the materials on working day during office hours i.e., from 9:00 a.m. to 5:00 p.m. by prior appointment from Mr. Maheswaran T to satisfy yourself to give the best offer.

2) EAUCTION RESULT/STATUS: eAuction Result/Status: The status of the highest bids having been accepted on Confirmed or STA basis must be personally seen by the Bidders online through the link Auction Lot Status immediately after closing of eAuction which will be displayed upto 7 (Seven) days from the date of Closing of eAuction (excluding the date of closing ofeAuction) and payment of Post-Bid EMD/SD must be made accordingly. Although immediately after closing of eAuction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder. The bidders must always keep their registered email account valid, failing which bidders will be liable for non-compliance of payment/delivery instructions if issued by MSTC/SELLER from time to time.

RTGS DETAILS FOR LARSEN AND TOUBRO LIMITED

Account Name: LARSEN AND TOUBRO LIMITED
Bank : IDBI BANK
Branch : CHENNAI MAIN BRANCH
Account No: 129103000002196
IFSC Code : IBKL0000129

3) PAYMENT OF EMD/SD:

a) EMD Payment to be made by way of epayment in favour of "MSTC Limited" Within 5 (Five) calendar days from the date of closing of eAuction (excluding the date of eAuction closing) by the highest Bidder whose bid is accepted on Confirmed basis. Non-payment will result in automatic deactivation of Bidders Password. Although immediately after closing of eAuction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder advising him to deposit the prescribed Post-Bid EMD/SD within the stipulated time through NEFT/RTGS. It must be noted by the Bidders that such Sale Intimation Letter will be issued by MSTC only for the purpose of record and payment of Post-Bid EMD/SD will have to be made within the stipulated time counted from the date of Closing ofeAuction irrespective of the date of issue of the Sale Intimation Letter by email. Bidders must, therefore keep a watch on their incoming e-mail. Normally no hard copy of the Sale Intimation Letter (on Confirmed) will be issued by MSTC. In case the successful Bidder pays the EMD/SD, but fails to pay the balance material value alongwith applicable Duties and Taxes within the due date, then his EMD/SD will stand automatically forfeited. If the last date of payment happens to be the Bank/MSTC Holiday, the payment will be accepted on the next day

b) Rate of EMD/SD : Post-Bid EMD/SD will be @ 10% of the Sale Value for Lots Sold on Confirmed basis

c) Post-Bid EMD/SD by way of e-Payment in favour of MSTC LIMITED and mail should be forwarded to MSTC regarding payment details. Post-Bid EMD/SD is adjustable towards material value only after receipt of the balance material value alongwith applicable Duties & Taxes within the due date, failing which the Post-Bid EMD/SD will stand automatically forfeited

4) PAYMENT OF BALANCE SALE VALUE WITH TAXES AND DUTIES: In case of sold / confirmed lots the buyer will have to deposit balance material value within 5 (Five)calendar days from the date of Sale Order and in case of lot accepted on STA basis the balance payment has to be made within 5 (Five) calendar days from the date of Sale Order, as per the following manners.

(i) Service Charge payment of the material value to be paid in favour of MSTC Limited, by way of E-PAYMENT/RTGS (DDS WILL NOT BE ACCEPTED) which is using the E-PAYMENT link provided in the www.mstcecommerce.com website (The same has to be intimated by E-Mail to rrashid@mstcindia.co.in

(ii) The Balance Material Value of the Material value for accepted lots or for STA lots, alongwith Applicable GST, on Gross material value should be paid by way of RTGS/NEFT in f/o "LARSEN AND TOUBRO" (DDS WILL NOT BE ACCEPTED.) Buyer should intimate the payment details to rrashid@mstcindia.co.in

It must be noted by the Bidders that such Sale order/acceptance Letter will be issued by MSTC only for the purpose of record and payment of balance sale value along with taxes and duties must be made within the above specified time. If the last date of payment happens to be the Bank/MSTC Holiday, the payment will be accepted on the next working day without late payment charge.

b) DEFAULT IN PAYMENT: In case of default in payment of the balance Sale Value within the prescribed time limits, the due payment may be made together with late payment charges @ 1% per week or part thereof calculated on the remaining Sale Value for a maximum period of two weeks. However, this shall not confer any right to the Bidder to make any Late Payment of Balance Sale Value or applicable Duties and Taxes and MSTC/Seller reserves the right not to accept the payment of the Balance Sale Value with or without the additional charges after the expiry of the due payment time as mentioned above.

5) DELIVERY ORDER: On receipt of balance payment towards sale value along with taxes and duties, delivery order will be issued indicating the delivery period as under : The period of delivery will be 30 calendar days counted from the date of Delivery Order. If the last date of delivery happens to be the closed Holiday for sellers, the delivery will be allowed on the next day without ground rent. If Buyer / Bidder deposits the payment favoring the Seller / Principal in MSTCs Bank Account, it will be refunded back to Buyers / Bidders Bank Account.

6) DEFAULT IN DELIVERY: In case of delay in lifting beyond the above specified period, ground rent @ 1% per week or part thereof upto a period of 2 weeks will be charged by the seller in advance. In case the delay is beyond 2 weeks, the seller will have the option to grant further extention, in exceptional cases. with/without additional ground rent, depending upon the circumstances for such delay or forfeit the entire amount at their sole discretion.

MSTC Ltd is mere an e-Auction Service Provider for the seller who has the ownership and physical possession of the material. Any dispute regarding quantity, quality and delivery of the materials are to be represented to the Seller and not to MSTC LTD. Applicable Taxes and Other charges at the time of Delivery to be borne by the buyer

CLICK HERE FOR GENERAL TERMS AND CONDITIONS

Auction Details

Seller Details

Contact Person MSTC:

Contact Person at L&T

MSTC HELPDESK

This sale is also governed by

e-payment guide

ALL CONTRACTS/TRANSACTIONS ENTERED INTO BY THE BUYER/BIDDER ARISING OUT OF THIS E-AUCTION SHALL BE GOVERNED BY THE INTEGRITY PACT AVAILABLE ON OUR WEBSITE, www.mstcindia.co.in

RTGS DETAILS FOR LARSEN AND TOUBRO LIMITED