Nanchang Cemented Carbide Co., Ltd. – Tender for Sale of Scrap Alloy

Release date:

2019-11-27

source：

Writer：

Nanchang Hard Alloy Co., Ltd. plans to publicly tender and auction the following scrap alloy materials. I. Quantity and Main Components of Scrap Materials (see quotation table); actual quantities will be determined based on on-site measurement during handover. II. Bidder and Tender Document Requirements 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 process should: (1) Submit sealed copies of their credentials (including a copy of the Business License, Tax Registration Certificate, and Organization Code Certificate, etc.) along with the bid document and price quotation by December 2, 2019, at 12:00 PM—either via mail or by delivering them in person to:

　　Nanchang Cemented Carbide Co., Ltd. plans to publicly tender and auction off the following waste alloy materials.

　　I. The quantity and main components of the waste materials (see quotation sheet); however, the exact amounts will be determined based on on-site handover measurements.

　　II. Bidders and Tender Requirements

　　1. The bidder must have independent legal status and be a trustworthy, law-abiding economic entity operating in good faith.

　　2. Any interested bidders:

　　(1) Before 12:00 PM on December 2, 2019, please seal your licenses and certificates (including copies of the Business License, Tax Registration Certificate, Organization Code Certificate, etc.), along with your tender documents and quotation sheet, and deliver them via mail or by sending a representative to our company’s Discipline Inspection and Audit Department office. (Contact: Chen Hua, Tel.: 0791-83878660.) Mailing address: Discipline Inspection and Audit Department, Nanchang Hard Alloy Co., Ltd., No. 1173 Shuanggang East Avenue, Nanchang City; Attn: Chen Hua; Postal Code: 330013

　　(2) The unit prices quoted in the price list are inclusive of tax, stated in yuan per kilogram.

　　(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 Time

　　Nanchang Cemented Carbide Co., Ltd. will conduct bid opening and evaluation on the afternoon of December 2, 2019. Bids that do not meet the requirements will not be accepted.

　　2. Bid Evaluation

　　(1) The evaluation of bids will be conducted by the Metal Scrap Materials Handling Team of Nanchang Cemented Carbide Co., Ltd., and the top three bidders with the highest quotes will advance to the next round of bidding.

　　(2) If fewer than three bidding units submit proposals, this tender is considered unsuccessful.

　　(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 December 3, 2019, and simultaneously inform them of the bidding schedule (initially set for December 5).

　　2. After receiving the shortlist notification, bidding companies must deposit RMB 100,000 in full into 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 from the legal entity), will participate in an on-site bidding process by raising bid cards. Each time a bid card is raised, the unit price increases by 1 yuan/kg. The highest bidder whose offer exceeds Nanjiang Company’s reserve price will be declared the winning bidder, thereby determining the successful tenderer. The winning bidder must sign the scrap alloy purchase and sale contract with our company within one business day.

　　4. 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 December 9, 2019, and collect the tendered waste alloy by December 10, 2019.

　　6. 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 security has been fully used up, the bidder will be deemed to have withdrawn from the bidding process.

　　If the waste materials are not collected within the specified timeframe, a storage fee of 0.1% of the winning bid amount will be charged 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.

　　2. Participants in the bidding process must strictly uphold the fairness, legality, and reasonableness of the tendering process. Any violator discovered will have their bid or winning bid disqualified, with the bid security forfeited and no refund provided. Additionally, we reserve the right to pursue legal action against such parties.

　　3. After winning the bid, if the successful bidder fails to sign the contract or fails to execute it, their deposited guarantee will be deducted.

　　7. All rights to interpret this document belong to the Waste Materials Disposal Team of Nanchang Cemented Carbide Co., Ltd.

　　Nanchang Cemented Carbide Co., Ltd.

　　November 21, 2019

Category	Category Description	Weight	Quotation (price including tax)	Note
Category	Category Description	(Kilograms)	RMB per kilogram	Note
Waste alloy	Alloy scrap such as billet heads and waste billets	Approximately 10,000 kg