Pay Order / Cross Demand Draft / Banker’s Cheque in favor of NTPC Limited,
payable at Patna.
b. In case EMD amount is >Rs 50,000.00 then, besides above:
Bank Guarantee (BG) from a Nationalized Bank / other banks (as per NTPC approved
list) also will be acceptable. Format of BG against Bid Security and List of Banks for
Bid Security are attached. BG should be unconditional and irrevocable and should be
valid for a period of 45 days beyond the bid validity period. The Bank Guarantee
Verification Check List duly filled in as per format attached has to be submitted in this
regard. Bidder shall ensure that all the points of check list are replied in “Yes”.
c. SSI units of Bihar / SSI units (of other states) registered with the National Small Scale
Industries Corporation shall be exempted from the payment of Earnest Money
Deposit. Bidders seeking exemption should submit a Photocopy of valid registration
certificate preferably attested by Notary / Gazetted Officer/ Magistrate 1st class,
giving details such as validity.
d. Submission of EMD is exempted from IIMs/IITs/ NITs/IISc./ CBRI/CPRI/
GSI/CWPRS/ CWC and other Govt. Institutes/agencies (excluding PSUs).
e. In case of any doubt on eligibility of such exemption/concession, bidder may get
clarification from NTPC official before submission of his bid.
f. The Bid Security of all the unsuccessful Bidders will be returned after award of the
g. The Bid Security shall be forfeited in any of the following circumstances by NTPC
without any notice or proof of damage to the Owner:
1. If the Bidder withdraws or varies its Bid during the period of Bid validity specified
by the Bidder in the Bid Proposal.
2. In case the Bidder does not accept the corrections towards the discrepancies in their
bid, where ever the breakup of prices have been asked separately.
3. If any deviation, variation or additional condition etc. found anywhere in our
technical and / or / Price Bid implicit or explicit, shall stand unconditionally
withdrawn, without any cost implication whatsoever to employer, failing which the
bid security shall be forfeited.
4. In the case of a successful bidder, if the bidder fails within the specified time limit
to furnish the acceptance of Letter of Award / Purchase Order.
5. In the case of successful Bidder, if the Bidder fails, within the time limit, to furnish
the required Contract Performance Guarantee in case the same is required as per
conditions of the P.O / LOA.
6. If the bidder / their representative commit any fraud while competing for this
contract pursuant to Fraud prevention policy of NTPC.
h. No interest shall be payable by NTPC on the Bid Security.
i. ANY BID NOT ACCOMPANIED BY A BID SECURITY IN A SEPARATE
SEALED ENVELOPE, SHALL BE REJECTED BY NTPC AS BEING NON
RESPONSIVE AND RETURNED TO THE BIDDER WITHOUT BEING