August 2023 Tender for Scrap Alloys from Nanjing Hard Materials Company

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 tender auction for sale.

(Full-text PDF document download link: https://pan.baidu.com/s/18geK1EEwqI316S08l1npMA?pwd=sor7 )

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. Bidders must have independent legal status and be reputable, trustworthy, and legally operating economic entities.

2. Any interested bidders:

(1) On August 22, 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)

Recipient Information: No. 1173 Shuanggang East Avenue, Nanchang Hard Alloy Co., Ltd., Hu Min, Tel: 0791-83887702; 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 incurred in connection 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 August 22, 2023. Bids that do not meet the requirements will not be accepted.

2. Bid Evaluation

(1) The bidding evaluation will be conducted by the Waste Materials Handling Team of Nanchang Cemented Carbide Co., Ltd. Since there are two specifications in this bid, please provide separate quotations for each. The final evaluation will be based on the total amount of waste alloy from both specifications, and the top three bidders with the highest overall amounts 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.

4. Bidding

1. After identifying the shortlisted bidders for the on-site competition, our company will notify the selected firms by August 23, 2023, and simultaneously inform them of the exact date for the on-site bidding (initially scheduled for August 24).

2. After receiving the notification of shortlisting, bidding companies must pay a deposit of RMB 100,000 in full to our company before participating in the bid. Only after confirmation by our company’s finance department will they be eligible to attend the on-site bidding (or participate in an on-site bidding conducted via online video).

3. Shortlisted entities—represented by their legal representatives (or delegates holding a power of attorney)—will participate in on-site or online video conference bidding, where bids are made by increasing the total amount. Each bid must be at least 2,000 yuan higher than the previous one, or exceed 2,000 yuan but remain an exact multiple of 2,000 yuan. The highest bidder will be awarded the contract (provided the bid price meets or exceeds Nanhard Company’s reserve price). The winning bidder must sign the scrap alloy purchase and sales agreement 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. The winning bidder must pay the full amount in cash by August 30, 2023, and collect the tendered scrap alloy by the same date.

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 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.

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 fully depleted, 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 qualification revoked, with the deposit forfeited and no refund provided. We also 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 of interpretation herein belong to Nanchang Cemented Carbide Co., Ltd. - Waste Material Disposal The group.

                                                                                                                                                                             Nanchang Cemented Carbide Co., Ltd.

                                                                                                                                                                                         August 16, 2023