https://www.taxtmi.com/news?id=15454 The Department of Industrial Policy and Promotion issued an RFP for procurement of 7000 brass paperweight lions under Cost Based Selection (CBS). Applicants must submit separate technical and financial proposals via the Central Public Procurement Portal by the deadline, with a mandatory Earnest Money Deposit of Rs. 3,00,000. Technical proposals are scored and only those meeting the minimum technical score (60) will have financial bids opened; the award goes to the lowest financial bid among technically qualified applicants. The RFP prescribes delivery within 15 days, no advance payment, provisions for forfeiture of EMD for prohibited practices, termination rights, Force Majeure, indemnity and dispute resolution procedures. en-us Mon, 11 Jan 2016 10:03:33 +0530 Wed, 11 Feb 2026 15:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15454 The Department of Industrial Policy and Promotion issued an RFP for procurement of 7000 brass paperweight lions under Cost Based Selection (CBS). Applicants must submit separate technical and financial proposals via the Central Public Procurement Portal by the deadline, with a mandatory Earnest Money Deposit of Rs. 3,00,000. Technical proposals are scored and only those meeting the minimum technical score (60) will have financial bids opened; the award goes to the lowest financial bid among technically qualified applicants. The RFP prescribes delivery within 15 days, no advance payment, provisions for forfeiture of EMD for prohibited practices, termination rights, Force Majeure, indemnity and dispute resolution procedures. News - Mon, 11 Jan 2016 10:03:33 +0530 https://www.taxtmi.com/news?id=15454