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20 Dy.Ex.Engr.3.9 OPENING OF TENDER :-On the date specified in the Tender Schedule following procedure will beadopted.(A)ENVELOPE No.1 :- ( Documents)First of all Envelope No.1 of the tender will be opened online to verify itscontents as per requirements. If the various documents contained in thisenvelope do not meet the requirements of the Department, a note will berecorded accordingly by the tender opening authority and the said tenderersEnvelope No. 2 will not be considered for further action and the same will berecorded.The decision of the tender opening authority in this regard will be final andbinding on the contractors.(B)ENVELOPE No.2: (Financial Bid)a) This envelope shall be opened online immediately after opening ofEnvelope No.1, only if contents of Envelope No.1 are found to be acceptable tothe Department. The tendered rates in Schedule 'B' or percentageabove/below the estimated rates shall then be read out. in the presence ofbidders who remain present at the time of opening of Envelope No.2.4.0 EARNEST MONEY:Earnest money will be accepted in the form of certificate of exemption frompayment of Earnest Money, or Term Deposit receipts valid for a period of oneyear (separately for each work) from the last date of submission of tenderforms, issued by Nationalised or scheduled Bank and endorsed in the name ofthe Executive Engineer, Public Works (South) Division, Pune. The earnestmoney will be refunded in due course in case of tenderers whose tenders arenot accepted. In case of successful tenderer the Earnest money will berefunded after recovering initial security deposit and completion of contractdocuments by the Tenderer. The amount of Earnest Money will be forfeited toGovernment in case the successful contractor does not pay the amount of initialsecurity deposit within specified time limit.5.0 SECURITY DEPOSIT:5.1 The successful tenderer shall have to pay 50% initial security deposit in cashor in shape of National Saving Certificate or Fixed Deposit Receipt or BankGuarantee payable at Pune pledged in favour of Executive Engineer, PublicSignature of Contractor No. of Corrections Executive Engineer