August 2023 Tender for Tungsten Metal Scrap from Nanjing Hard Materials Company

Nanchang Cemented Carbide Co., Ltd. Tungsten Metal Scrap

For sale   Tender Document

     Nanchang Cemented Carbide Co., Ltd. plans to publicly tender (or competitively bid) for the sale of tungsten metal scrap from July 2023 to July 2024.

(Full-text PDF document download link: https://pan.baidu.com/s/1P4Ql-6y0wq28XHJL4RqOYA?pwd=rd4e)

I. Types, quantities, and composition of tungsten metal scrap (see quotation sheet):

II. Bidders and Tender Requirements

1. Bidders must have independent legal status, be honest, trustworthy, and operate legally as economic entities. Additionally, bidding companies must possess qualifications for handling tungsten metal waste and submit photocopies of relevant corporate recycling and environmental protection certifications.

2. Any party interested in participating in the bid:

(1) Please submit the copies of your licenses and certificates (including the Business License, as well as photocopies of relevant documents such as corporate recycling and environmental protection qualifications) in a sealed bid package to our company’s Legal Office by August 16, 2023, at 12:00 PM—either via mail or by delivering them in person. For inquiries, contact Hu Min at 0791-83887702. Our mailing address is: Hu Min, Nanchang Hard Alloy Co., Ltd., No. 1173 Shuanggang East Avenue, Nanchang City, Postal Code: 330013. For any questions regarding this tender process, please reach out to Liu Xiaotao at 13979137795.

(2) Each bidding entity is requested to submit the exchange coefficient for cobalt-tungsten metal scrap as listed in Appendix 1. (Note: The exchange coefficient for pure cobalt-tungsten scrap equals the coefficient for cobalt-tungsten-containing scrap minus 0.05.) This should be expressed in metric tons—specifically, how many tons of APT can be exchanged for 1 ton of WO3 metal content.

(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 bid opening and evaluation on the afternoon of August 16, 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. Among the valid bidders, the top three—including our company—will advance to participate in the on-site bidding process using bid conversion coefficients based on their offers for cobalt-tungsten metal scrap.

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

(3) The shortlisted bidding companies will be announced on the day of bid evaluation and publicly disclosed within one business day.

4. Bidding

1. After identifying the shortlisted bidding companies, our company notified them on August 16, 2023, and simultaneously announced the on-site bidding schedule (initially set for August 18).

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 valid power of attorney)—will participate in an on-site bidding process using bid cards. The bidding will focus on the "cobalt-tungsten metal scrap exchange rate," with each bid increment increasing the rate by at least 0.001. The winning bidder will be the one offering the highest exchange rate that meets or exceeds Nanhard Company’s minimum reserve price. This entity will then be declared the successful bidder, provided its final exchange rate is equal to or higher than our company’s reserve price. The winning bidder’s exchange rate must also surpass or match our company’s benchmark. The results will be announced immediately after the bidding concludes; otherwise, the bid will be deemed invalid. The winning bidder will be officially confirmed as the successful supplier of tungsten metal scrap for the period spanning July 2023 to July 2024. Within one business day following the announcement, the winning bidder must sign the purchase and sale contract for tungsten metal scrap covering the same timeframe (July 2023 – July 2024). For the winning bidder, the deposit will be refunded upon completion of the contract term. Meanwhile, deposits from unsuccessful bidders will be returned to them without delay.

4. Bidding will be conducted based on quotes using the cobalt-tungsten metal scrap exchange rate, with the highest available exchange rate for cobalt-tungsten metal scrap serving as the determining factor.

5. Delivery and APT Payment Timeline

   Before tungsten metal scrap leaves the company, the winning bidder must deliver the corresponding quantity of APT to the location designated by our company, based on the settlement results from the disposal site. The Procurement Department and Finance Department will then verify the receipt of the APT. (If there isn’t enough time to arrange stock, a temporary cash deposit equivalent to the required amount can be made to our company, which will be refunded once the goods arrive.) Contract settlements will follow a "more returned, less compensated" principle. Additionally, the exchanged APT must originate from primary ore production and meet international Grade 0 standards—detailed requirements are outlined in Attachment 2.

5. Default Handling

  1. Both parties to the contract shall ensure its proper execution; in case of any violation, the violating party shall pay the other party a penalty of 100,000 yuan.

2. If the scrap metal and waste materials are not collected within the specified period, a storage fee of 1,000 yuan per day 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, this contract will become invalid.

3. Participants in the bidding process must strictly uphold the fairness, legality, and reasonableness of the tendering process. Any violation discovered will result in immediate disqualification from bidding or winning the contract, with the bid security forfeited and no refund provided. Additionally, we reserve the right to pursue legal action against the offender.

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

6. Other

If Zhongtung High-Tech Materials Co., Ltd. requests centralized disposal of tungsten metal waste, the current bidding contract will automatically terminate.

7. All rights to interpret the above belong to Nanchang Cemented Carbide Co., Ltd. 。

Attachment: 1. Quotation Sheet for Tungsten Metal Scrap.

2. APT product quality requirements.               

Nanchang Cemented Carbide Co., Ltd.

                                                                                                                                                                              August 10, 2023