Technical Bids Sample Clauses

Technical Bids. The Technical Bid should be complete in all respects and contain all information asked for in this document. It should not contain any price information. The Technical Bid must be submitted in an organized, numbered and structured manner (spiral binding will be appreciated). No brochures/ leaflets etc should be submitted in loose form. Technical bid should contain all testimonials as mentioned in previous section of this TENDER document. Bank will evaluate the technical bid considering the technical and functional parameters of bidder and evaluation matrix decided by bank. Commercial Bids: Commercial bids of only technically qualified short listed bidders will be opened. Bank’s evaluation of the commercial bids will take into account the status of compliance of terms and conditions. The Price Bid should contain all relevant rates and charges (Service charge / installation Charge) and the rates should be quoted in Indian Rupees only. Cost economics of the tender will be decided on the Basis of Total Cost of Equipment/cost of components having low MTBF/ services as enumerated in Annexure-IV. Rates of equipment/services will be arrived individually based on commercial bids received and the contract will be awarded accordingly.