March 2024 South Hard Company Scrap Alloy Price Comparison Document

Nanchang Cemented Carbide Co., Ltd. March 2024 Scrap alloy for sale Book

( Full text and the quotation sheet PDF document download link: https://pan.baidu.com/s/1nncQRcsewUEs9C84Kevz_A?pwd=xlf2 )

Nanchang Cemented Carbide Co., Ltd. plans to address the following Waste alloy Conducting a public price comparison 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 Quotation 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 the qualification documents and quotation documents (including a copy of the business license and qualification documents), duly stamped with the official seal of your organization, along with the sealed quotation form, by March 22, 2024, at 2:00 PM. You may either mail the documents or deliver them in person to our company (Contact: Hu Min, Tel.: 0791-83887702). Delivery address: No. 1173 Shuanggang East Avenue, Nanchang Hard Alloy Co., Ltd., Attn: Hu Min, Tel.: 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) The quoting entity must pay a deposit of RMB 50,000 in full to our company before submitting its bid. (Nanchang Cemented Carbide Co., Ltd. Bank Account: Agricultural Bank of China Head Office Branch (Non-Remittance Bank), Account No.: 2011 0010 1010 1100 04401, SWIFT Code: 103100000018) Participation in this price comparison is subject to confirmation by our company's finance department.

(4) Regardless of whether they are shortlisted or awarded the right to purchase the scrap alloy this time, bidders and those participating in the on-site price comparison will be solely responsible for all costs incurred in submitting their bids and attending the on-site comparison.

(5) The deposit submitted by entities that did not win the bid for this scrap alloy acquisition will be refunded within 15 working days after on-site price comparison—no interest will be charged.

3. Price Comparison

1. Price Comparison Time

   Nanchang Cemented Carbide Co., Ltd. will compare the received quotations on the afternoon of March 22, 2024. Quotations that do not meet the requirements will not be accepted.

2. Shortlisted based on price comparison

(1) The bidding process was conducted by the Waste Materials Handling Team of Nanchang Cemented Carbide Co., Ltd. This time, the selection was based on the total value of the scrap alloy, with the top three bidders advancing to the on-site price comparison stage.

(2) If fewer than three suppliers submit quotes, this price comparison will be deemed invalid.

(3) The quoting units will be notified of the shortlisted results on the same day, and those shortlisted will be informed on March 22 to proceed with on-site price comparisons.

4. On-site Price Comparison

1. After identifying the shortlisted bidders for on-site price comparison, our company notified the selected companies on the afternoon of March 22, 2024, to participate in the on-site bidding process (participation is allowed either in person or via online video conferencing).

2. Shortlisted entities, represented by their legal representatives (or holding a power of attorney from the legal representative), will participate in either an on-site or online video-based price comparison. Since this round involves only one item—scrap alloy—the on-site comparison will be conducted using the unit price of scrap alloy (in kg/¥). Each time a bidder raises their bid, the price must increase by at least 0.5 kg/¥—or if the increase exceeds 0.5 kg/¥, it must still be a multiple of 0.5 kg/¥. The highest bidder during the on-site comparison will secure the right to purchase the scrap alloy. Importantly, the winning bidder must sign the scrap alloy purchase and sales contract with our company within one business day.

3. If the highest price offered during on-site price comparison is lower than our company’s reserve price, this round of comparison will be deemed invalid.

5. Delivery and Payment Timeline

1. The entity awarded the right to purchase this scrap alloy must pay the full cash amount by March 25, 2024, and collect the scrap alloy sold through this competitive bidding process no later than March 28, 2024.

2. Our company will handle the loading at Nanjiang Company’s site, and the shipping costs will be borne by the entity that secures the purchase rights for the scrap alloy this time.

6. Liability for Breach of Contract

1. If the entity that secures the purchase rights for this scrap alloy fails to make payment on time, a penalty of 1% of the valid transaction price of the scrap alloy 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’s offer will be deemed invalid.

   If the entity awarded the right to purchase the scrap alloy fails to collect it within the specified timeframe, a storage fee will be charged at 0.1% of the valid transaction price of the scrap alloy 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’s offer will be deemed invalid.

2. Participants in the on-site price comparison must strictly uphold the fairness, legality, and reasonableness of this process. Any violation detected will result in the immediate disqualification of the participant’s bid or their eligibility for the on-site comparison. In such cases, the deposit will not be refunded, and we reserve the right to pursue legal action against the offender.

3. If the entity awarded the right to purchase the scrap alloy fails to sign or fulfill the contract, their deposited security 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.

                                                                                                                                                              March 19, 2024