of the e-auction. In case of any conflict or difference among any provisions of
GTC, BSTC & STC, the provisions of STC will supersede others in the particular
e-auction.
By bidding in the e-auction, it is construed that the successful bidder(s) have
fully understood the Special terms and conditions of the e-auction/Lot read
along with the GTC & BSTC and agreed the same in to 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,https://www.mstcindia.co.in
A) CONTACT
DETAILS:
1. Seller/Principal Details: ORISSA POWER TRANSMISSION CORPORATION LTD., BBSR:- Shri.
S.B. Kar , Ph: 06742547185, Email :
sto.cle.bbs@optcl.co.in , Address : GM(S&S) CIRCLE, OPTCL, Bhoinagar, Near
Pantaloon, Janpath, BHUBANESWAR,751022,Odisha, INDIA.
2. MSTC LIMTED, Bhubaneswar Branch: Mr. Santanu Das, Junior Manager, Ph :
(0674)- 2950091/ 2544199/ 3511215, Mob : 9804984108, e-mail id:
bbropn5@mstcindia.in ,
Address: MSTC Limited (A Government of India Enterprise), 2nd Floor, IPICOL
House-Annexe Building, Bhubaneswar - 751022 , ODISHA..
For issues related to system setting please contact MSTC held desk at email
:helpdesk@mstcindia.co.in or call at :07969066600
Important
Link for Payment:
B) For
payment of Pre Bid EMD:
Click here for Guide to Pay PRE-BID EMD
1) For
participation in this e-auction, interested bidders need to deposit Pre-Bid EMD
as per e-Auction Terms & Conditions with MSTC before the close of e-Auction as
per the procedure below:
2) Bidders after a successful login will access the PAY PRE BID EMD link at
their homepage to make pre- bid payment through RTGS/NEFT.
3) Credit of Pre-bid EMD shall be given to the bidder only after receipt of
payment in a specific H.O- SBI/PNB/AXIS/INDUSIND account and after updation of
such information in the e-Auction website. This may take some time as per the
banking process and hence bidders, in their own interest, are advised to submit
the pre-bid EMD amount well in advance to avoid any last-minute problem.
4) Pre-Bid EMD must be paid by the bidder (NEFT/RTGS) through the above-stated
link only otherwise the pre-bid activation will not work. Refund to non H1
bidder as per their online request will also be processed from H.O. within 3
days from the date of refund request.
5) If the successful bidder fails to make the balance value payment/full value
payment/post-bid payments, pre-bid EMD will be forfeited. Pre-bid EMD of the
successful bidder shall be adjusted with Security Deposit and the Acceptance
Letter will be issued.
C) For
payment of sale value and transaction fee:
Click
here for e-Payment Guide
1) Once the
lots are approved by the seller, the successful bidder will be intimated by MSTC
to deposit a 100 % payment plus taxes and a transaction fee of MSTC within 7
days from the date of auction/date of approval of bids. Pre-bid EMD will be
adjusted in this payment. Once the full value payment and the transaction fee of
MSTC are received, an Acceptance and Delivery order will be issued. The
successful bidder has to make the payment favoring SELLER directly in the
account of the seller and payment favoring MSTC using the e-payment gateway of
MSTC. MSTC will be sending the details of the full payment to be made via Email
to the successful buyer. The procedure for making payment favoring MSTC can be
downloaded from the below guide.
2) Successful bidder has to make a full payment within 7 days from the date of
auction/date of approval of bids.
3) Buyer has to make a payment favouring the seller directly in the account of
the seller. The account details of the seller are mentioned below. Please note
that MSTC will not be accepting balance payment favoring the seller in their
account under any circumstances.
C) ACCOUNT DETAILS:
Beneficiary Name: OPTC LTD,BHUBANESWAR
Bank Name :Union Bank of India
A/c No : 380801010035093
IFS Code :UBIN0538086
D) GENERAL
CONDITIONS:
1.
MSTC Ltd. shall hereinafter be referred to as MSTC and will act in the capacity
of the Selling Agents of the seller who will act as Principal/Owners.
2.All the
offer shall be valid for a period of 90 days from the date of closing of e-
auction.
3.Only RVSF
Units registered with MSTC having valid RVSF registration certificate shall be
allowed to participate in the auction. The RVSF units are requested to register
for each unit separately as per registration certificate issued by states
government. Bidders should ascertain that they are having all the requisite
documents/licenses/certificates/clearances, etc. for participation in the event.
Any wrong bidding on account of the bidder due to non-availability of requisite
documents/licences/certificates/clearances, etc. shall lead to forfeiture of
their pre-bid EMD without any claims and consideration to them. RVSF units not
registered with MSTC can register with MSTC. Refer to Buyers (RVSF) guide
provided in our websitehttps://www.mstcecommerce.com/auctionhome/elv/index.jsp
4.All the
materials are offered for sale on AS IS WHERE IS basis. Rate must be quoted on
unit basis for each lot separately not part thereof i.e. in Rupees per unit
only. The quantity indicated against the lot is purely indicative.
5.The
Principal/Owner of the materials reserves the right to withdraw at any stage the
sale of any item or quantity of material either by number or by weight or any
other specific unit etc, even after issue of Sale Order/Delivery Order. The
Principal/Owner will not be bound to assign any reason or details thereof for
such withdrawal. Value of the materials so withdrawn, if any, and paid by the
buyer will be refunded. The Principal will however, not be responsible for any
damage, loss, direct or consequential compensation whatsoever to the buyer nor
for payment of any interest.
6.The Sale
will be governed by the Material List & Special Terms & Conditions (STC)
displayed on the Live e-Auction Floor (and not under Forthcoming Auctions) as
well as the General Terms & Conditions (GTC) and Buyer Specific Terms &
Conditions (BSTC) already accepted by the Bidder at the time of e-Auction
Registration with MSTC. The Material List & STC displayed under View Forthcoming
Auctions on MSTC's e-Auction Website are tentative and subject to change at
MSTC's sole discretion before the start of e-Auction. Bidders should therefore
download the Material List and STC displayed only under View Live Auctions for
their record purpose, if required. The BSTC and GTC can be seen and downloaded
by going to the Home Page of the e-Auction Website and clicking on NEW USER.
Participation in the e-Auction will be deemed to imply that the Bidder has made
himself thoroughly aware of and accepted the STC, BSTC and GTC. In case of any
conflict between the STC and BSTC, the STC shall prevail. MSTC shall have the
right to issue addendum to the STC or BSTC, 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.
7.MSTC/Principal reserves the right to call all the eligible bidder(s) for
revised bid along with requisite EMD for any lot.
8.The
quantity in actual may turn out to be more or less than the estimated quantity.
In the event of actual quantity turning out to be less than the estimated
quantity, the buyer shall not be entitled to claim any damages, loss of interest
or compensation on this count.
9. Rate must
be quoted exclusive of applicable taxes and duties which will be charged as on
date of delivery. Any variation in such taxes and duties will be borne by the
buyer/s.
E) INSPECTION
DETAILS:
10. Instructions for inspection of material: a) Inspection of material shall be
allowed only in the period given in catalogue. b) Bidder coming for inspection
should carry authorization letter for inspection, if bidder is sending their
representative for inspection. c) Maximum 2 persons from one firm shall be
allowed to inspect the material at a time.
11. Bidder/s have to inspect the material thoroughly and satisfy themselves
about the nature, quality, quantity, hazardous/explosive properties, if any,
before submitting their bid. In case they come across any material beyond the
scope of the description of material, it should be informed to seller/MSTC.
After the
submission of bid(s) by the Bidder, a presumption would be drawn that the bidder
has inspected the material and has satisfied himself about the nature, quantity,
quality, other technical specifications, taxes-duties and legalities prior to
the e-auction. No complaint, whatsoever, on the points referred above, would be
entertained after the submission of the bid.
Pictures/videos if any attached in auction catalogue are for reference purpose
only. Bidders should physically inspect the material at site to confirm the
quantity/quality of the material
12.Pre Bid EMD:
Pre Bid EMD
applicable against each lot is mentioned in the table detailing the lot details.
Bidders have to maintain balance of the Pre-Bid EMD into their buyer ledger to
become eligible to participate in the auction. For detail process for submitting
Pre BID EMD refer toImportant Link for Paymentmentioned earlier in the
auction catalogue.
Bidders, in their own interest, are advised to submit the pre-bid EMD amount
well in advance to avoid any last minute issues. The Prebid EMD of the
successful bidder shall be deducted from the buyer's ledger and shall be
adjusted with Full Sale Value/Security Deposit/Transaction fee.
The balance Pre-Bid EMD available in buyers ledger shall be refunded on receipt
of online refund request from the buyer's login to the bank account of buyer
registered in MSTC portal. Non payment of Full sale value along with transaction
fee shall result in forfeiture of Prebid EMD by MSTC.
F) POST BID
FORMALITIES
13. E-auction
lot Status/result: 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 e-Auction which will be
displayed up to 7 (Seven) days from the date of Closing of e-Auction (excluding
the date of closing of e-Auction) and payment of Post-Bid EMD/SD must be made
accordingly. Although immediately after closing of e-Auction, a system generated
automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder
for accepted/STA lots. 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.
14. The Contract shall be treated as having been entered into as soon as the bid
is confirmed in favor of the successful bidders. The period of contract shall be
of sixty days from the date of last Delivery order by MSTC against full payment
made by the party. The contract shall be deemed to be complete as soon as the
Area is cleared of the entire material allotted or on completion of the period
of contract as mentioned above, whichever is earlier.
15. Payment Terms:
a. Post Bid Earnest Money Deposit (EMD): The successful bidder shall have to
deposit EMD @25% of the Material Value after adjusting pre bid EMD within 4 days
of acceptance of BID.
b. Balance Sale Value : The successful bidder shall have to deposit the Balance
Sale Value i.e.75% of Material Value on Material Value + Taxes on 100% of
Material Value after adjusting the EMD within 7 days of acceptance of bid. .