June 2023 South Hard Company Scrap Alloy Tender Document

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

Full text download link: https://pan.baidu.com/s/1jiVlqclrl12CqstjZWr2Lg?pwd=sl6b

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

I. Quantity and specifications of scrap alloys (see 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, law-abiding economic entity engaged in legitimate business operations.

2. Any interested bidders:

(1) On June 15, 2023   Please deliver the qualification documents and bid documents (including a copy of the business license and qualification documents), duly stamped with the bidder’s official seal and company stamp, along with the sealed tender, to our company by 12:00 PM today—either via mail or by sending a representative. (Contact: Hu Min, Tel.: 0791-83887702)

Mailing Address: No. 1173 Shuanggang East Avenue, Nanchang, Nanchang Hard Alloy Co., Ltd.: Hu Min, Receiver; Postal Code: 330013.

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

(2) With Quotation Sheet The quoted total price including tax (in RMB) 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 June 15, 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 only one specification was submitted in this bidding process, the total amount of waste alloy will serve as the primary criterion for determining the evaluation results. The top three bidders with the 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 shortlisted bidding companies will be notified immediately.

4. Bidding

1. After identifying the shortlisted bidders for the on-site competition, our company will notify the selected candidates by June 16, 2023, and simultaneously inform them of the exact date for the on-site bidding (initially scheduled for June 19).

2. 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 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 subsequent bid increasing the total by exactly 2,000 yuan, or by any amount above 2,000 yuan that remains a multiple of 2,000. The highest bidder whose offer exceeds Nanhard Company’s reserve price will be declared the winning bidder, thereby determining the successful participant. The winning bidder must sign the scrap alloy purchase and sales 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

1. After winning the bid, the successful bidder will proceed on June 21, 2023   Pay in full by cash recently, and collect the tendered scrap alloy before June 21, 2022.

2. Our company will handle the loading at the Nanjiang Company 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.

The winning bidder who fails to collect the scrap alloy within the specified timeframe will be charged a storage fee equal to 0.1% of the winning bid amount for each day the delay persists. This fee will be deducted directly from the bid bond, continuing until the bond is fully exhausted. Once the bid bond has been completely used up, the bidder will be deemed to have withdrawn from the bidding process.

2. 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. 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 fulfill 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.

                                                                                                                                   Nanchang Cemented Carbide Co., Ltd.

                                                                                                                                                 June 8, 2023