Registered Vendor WITH TSREDCO FOR THE FY 2020- 21. The firms are having the solar GCRT system experience of single location i.e. minimum 10KWp on Solar PV grid connected rooftop at Single location in Telangana State. Proof to be submitted.
Bid Security for Rs. 10000/- (Ten Thousand Rupees only) by way of Demand Draft in Favour of TSREDCO OR Bank Guarantee on any Nationalized Bank in favour of TSREDCO valid for one year period shall be submitted along with Technical Bid. Firms claiming Exemptions for Bid Security shall submit letter from NSIC/ SSI for this work specifically.
The performance security is to be paid at the time of work award and amount will be 10% on work value. The amount is in form of Demand Draft drawn in favour of TSREDCO, payable at Hyderabad OR Bank Guarantee on any Nationalized Bank in favour of TSREDCO at the time of LOA. The bank guarantee should be valid for a period of sixty six months (5.5Years). No interest shall be paid by TSREDCO on the amount of Performance Guarantee deposit. The amount / BG to be refund after 66months warranty period.
Performance security shall be released after completion of 60 months from date of commissioning of plant.
Bidder shall submit bid proposal along with Bid Document fee and EMD, complete in all respect as per the Bid Information Sheet. Technical bids will be opened in presence of authorized representatives of bidders who wish to be present.
TSREDCO have right to reject the bidding process at any stage or right to cancel the tender without mentioning any reason. In the event of any date indicated above is a declared Holiday, the next working day shall become operative for the respective purpose mentioned herein.
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