December 2023 South Hard Alloy Scrap Bidding Document

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

Price Comparison Book

     Nanchang Cemented Carbide Co., Ltd. plans to address the following Waste alloy Conducting a public price comparison sale.

         (Full text and quotation sheet PDF document download link: https://pan.baidu.com/s/1U-kxQllgX3WEubPB17VlZg?pwd=tg3b )

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, legally compliant business entity.

2. Anyone interested in submitting a bid:

(1) Please submit your qualification documents and bid documents—complete with the official seal of the bidding company and the legal representative’s stamp—along with a sealed tender, by December 11, 2023, at 12:00 PM. You may either mail them or deliver them in person to our company. (Contact: Hu Min, Tel.: 0791-83887702)

Recipient Information: No. 1173 Shuanggang East Avenue, Nanchang Hard Alloy Co., Ltd., Nanchang City; Hu Min; Phone: 0791-83887702; Postal Code: 330013.

Price comparison contact: 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 price-comparison participants shall bear all costs incurred in submitting their bids and attending the on-site price comparison.

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 11, 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 two specifications in this bid evaluation, please provide separate quotations for each. The final evaluation result will be based on the total amount of waste alloy from both specifications. The top three bidders with the highest overall amounts will advance to the on-site price comparison stage.

(2) If fewer than three quotes are received, this price comparison will be considered unsuccessful.

(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 on-site price comparison, our company will notify the selected units by December 12, 2023, and simultaneously inform them of the scheduled date for the on-site comparison (initially set for December 13, 2023).

2. After receiving the shortlist notification, bidders must pay a deposit of RMB 100,000 in full to our company before participating in the on-site price comparison. Only after our company’s finance department confirms receipt of the payment will bidders be allowed to participate in the on-site price comparison (or conduct it via an online video session instead).

3. Shortlisted entities—represented by their legal representatives (or delegates holding a power of attorney)—will participate in an on-site or online video-conference format for live price comparisons. The on-site bidding will be conducted based on the total amount, with each bid increment required to increase the total by at least 2,000 RMB, or by any multiple of 2,000 RMB above 2,000 RMB. The highest bidder will be awarded the contract (provided that the final 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 in the on-site price comparison 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 December 15, 2023, and collect the tendered scrap alloy by the same date.

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 security deposit until the deposit is fully exhausted. Once the security deposit is depleted, the bidder will be deemed to have withdrawn from the bidding process.

The winning bidder will be charged a storage fee of 0.1% of the bid amount for each day the waste alloy remains uncollected beyond the specified deadline. This fee will be deducted directly from the security deposit, continuing until the deposit is fully exhausted. Once the security deposit is depleted, the bidder will be considered to have withdrawn from the bid.

2. Participants in the price comparison must strictly uphold the fairness, legality, and reasonableness of the bidding process. Any violator discovered will have their bid or winning qualification revoked, with the deposit forfeited and no refund provided. Additionally, we reserve the right to pursue legal action against them.

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.

                                                                                                                                                                               December 5, 2023