Bidding Document for the Sale of Waste Alloy by Nanchang Cemented Carbide Co., Ltd. 202303

Nanchang Cemented Carbide Co., Ltd. Scrap alloy for sale

Tender Document

Nanchang Cemented Carbide Co., Ltd. plans to address the following Waste alloy Conducting a public bidding process for sale.

I. The quantity of scrap alloy and its main components (refer to the scrap alloy quotation sheet); actual quantities 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, legally compliant economic entity engaged in legitimate business operations.

2. Any party interested in participating in the bid:

(1) On March 8, 2023   Please seal and submit the qualification documents stamped with the bidder's official company seal and the legal representative's seal, along with the bid documents (a copy of the business license and qualification documents), before 12:00 PM.

Please deliver it to our company's Discipline Inspection Department office by mail or in person (Contact: Hu Min, Tel.: 0791-83887702).

Mailing Address: No. 1173 Shuanggang East Avenue, Nanchang, Discipline Inspection Department, Nanchang Cemented Carbide Co., Ltd.: Hu Min, Postal Code: 330013.

Contact for bidding inquiries: Liu Xiaotao, Phone: 13979137795.

(2) Quotation Sheet The quoted total price in RMB, including tax, shall prevail.

(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.

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 March 8, 2023. Bids that do not meet the requirements will not be accepted.

2. Bid Evaluation

(1) The evaluation of bids will be conducted by the Waste Materials Handling Team of Nanchang Cemented Carbide Co., Ltd. Since there are three different specifications in this bid evaluation, please provide separate quotations for each. The final evaluation will be based on the total amount of waste alloy across all three specifications, and the top three bidders—based on their highest quotes—will advance to the on-site bidding round.

(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 bidders for the on-site bidding, our company will notify the selected companies by March 9, 2023, and simultaneously inform them of the on-site bidding schedule (initially set for March 10).

2. After receiving the shortlist notification, bidding companies must deposit RMB 100,000 in full into our company’s finance department before participating in the on-site or online video-based bidding process.

3. Shortlisted entities—represented by their legal representatives (or delegates holding a power of attorney)—will participate in either an on-site or online video-conference bidding process, where bids are made by raising the "bid card." Bidding will be conducted based on the total amount offered, with each bid incrementing the total by 2,000 yuan, or by an amount higher than 2,000 yuan but still in exact multiples of 2,000. The highest bidder whose offer exceeds Nanhard Company’s reserve price will be declared the winning bidder, thereby determining the successful tenderer. The winning bidder must sign the waste alloy purchase and sales contract with our company within one business day.

4. If the highest bid offered is lower than our company's reserve price, the tender will be declared unsuccessful.

5. Delivery and Payment Timeline

1. After winning the bid, the successful bidder in March 2023   March 13   Pay the full amount in cash promptly, and collect the tendered scrap alloy by March 13, 2022.

2. Our company will handle the loading at Nanjiang Company’s site, and the shipping costs will be borne by the winning bidder.

6. Liability for Breach of Contract

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 tender.

   If the waste materials are not collected within the specified timeframe, a storage fee equivalent to 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 violation detected will result in the immediate disqualification of the bidder or winner, with the bid security forfeited and no refund provided. Furthermore, we reserve the right to pursue legal action against the offender.

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

7. All rights to interpret the above belong to Nanchang Cemented Carbide Co., Ltd. - Waste Material Disposal The group.

(Attachment: Quotation Sheet)

              Nanchang Cemented Carbide Co., Ltd.

                   March 2, 2023

  Download link for the full tender document (including attachments):   https://pan.baidu.com/s/1ssdtW1Hv7lZxnXTxsGQbeQ?pwd=u0ft