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South Hard Company's Tender for Selling Scrap Alloys
Release date:
2019-05-17
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Nanchang Cemented Carbide Co., Ltd. – Tender for Sale of Scrap Alloy
Nanchang Cemented Carbide Co., Ltd. intends to publicly solicit bids for the sale of the following scrap alloy through a competitive bidding process.
**I. Quantity and Main Components of Scrap Material (Refer to the Quotation Table):**
**II. Requirements for Bidders and Tender Documents:**
(1) Bidders must possess independent legal entity status and must be reputable, trustworthy, and legally compliant business entities.
(2) Any party interested in participating in the bidding must:
1. Submit sealed copies of their credentials (including, but not limited to, the Business License, Tax Registration Certificate, and Organization Code Certificate) along with the tender documents and quotation sheet by May 22, 2019, at 12:00 PM.
Nanchang Cemented Carbide Co., Ltd. – Selling Scrap Alloys
Tender Document
Nanchang Cemented Carbide Co., Ltd. plans to publicly tender and compare prices for the sale of the following waste alloy materials.
I. Quantity of Waste and Main Components (see quotation sheet):
II. Bidders and Tender Requirements
(1) Bidders must have independent legal status and be reputable, trustworthy, and legally compliant economic entities.
(II) Any party interested in participating in the bid:
1. Please submit the copies of your certificates (including the Business License, Tax Registration Certificate, and Organization Code Certificate) along with your tender documents and quotation sheet—sealed securely—to our Company’s Discipline Inspection, Supervision, and Audit Department Office by May 22, 2019, at 12:00 PM. You may either mail the documents or deliver them in person. For inquiries, contact Chen Hua at 0791-83878660. Mailing address: Discipline Inspection, Supervision, and Audit Department, Nanchang Hard Alloy Co., Ltd., No. 1173 Shuanggang East Avenue, Nanchang City; Attn: Chen Hua; Postal Code: 330013.
2. In the quotation sheet, the two types of waste alloys are combined and quoted at an average price. The quoted unit price is expressed in yuan per kilogram, including tax.
3. Regardless of whether they are shortlisted or awarded the contract, bidders and tender participants shall bear all costs associated with their bids and participation in the bidding process.
4. The bidding documents (including the tender document and quotation sheet) must be stamped with the official seal of the bidding company and the legal representative's seal.
3. Bid Opening and Evaluation
(1) Bid Opening and Evaluation Timeline
Nanchang Cemented Carbide Co., Ltd. will conduct the bid opening and evaluation on the afternoon of May 22, 2019. Bids that do not meet the requirements will not be accepted.
(II) Bid Evaluation
1. The evaluation of bids will be conducted by the Metal Scrap Handling Team, and the top three bidders with the highest quotes will advance to the next round of bidding.
2. If fewer than three bidders submit proposals, this tender will be declared void.
3. The evaluation results will be announced on the day of the evaluation and publicly disclosed within one business day.
4. Bidding
(1) After identifying the shortlisted bidding companies, our company will notify them by May 23, 2019, and simultaneously inform them of the bidding schedule (initially set for May 24).
(II) After receiving the shortlist notification, bidding companies must pay a deposit of RMB 100,000 in full to our company’s finance department before they are eligible to participate in the bidding process.
(3) Shortlisted entities—represented by their legal representatives (or delegates holding a power of attorney)—will participate in an on-site bidding process by raising bid cards. Each bid card increases the unit price by 1 yuan/kg. The highest bidder whose offer exceeds Nanxing Company’s reserve price will be declared the winning bidder, thereby determining the successful tenderer. The winning bidder will then sign a tungsten metal scrap purchase and sale contract with our company within one business day.
(IV) If the highest bid submitted is lower than our company's reserve price, the tender will be declared unsuccessful.
5. Delivery and Payment Timeline
After winning the bid, the successful bidder must pay the full amount in cash by June 2, 2019, and collect the tendered waste alloy by June 3, 2019.
5. Default Handling
(1) In the event of delayed payment, a penalty of 1% of the winning bid amount will be charged for each day of delay, deducted directly from the bid security until the security is fully exhausted. Once the bid security has been completely used up, the bidder will be deemed to have withdrawn from the tender.
If the waste materials are not collected within the specified deadline, a storage fee will be charged at 0.1% of the winning bid amount for each day of delay, deducted directly from the security deposit—until the deposit is fully exhausted. Once the security deposit is depleted, the bidder will be deemed to have withdrawn from the bid.
(II) Bidders must strictly uphold the fairness, legality, and reasonableness of the bidding process. Any bidder found in violation will have their bid or winning bid disqualified, with the deposit forfeited and no refund provided. We also reserve the right to pursue legal action against such parties.
(III) If a successful bidder fails to sign the contract or honor the terms of the contract after being awarded the bid, the deposited security will be deducted.
6. All rights to interpret the above belong to the Waste Materials Disposal Team of Nanchang Cemented Carbide Co., Ltd.
Nanchang Cemented Carbide Co., Ltd.
May 17, 2019
P.S.: Price Quote
Quotation Receipt for Scrap and Defective Alloys
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