Citco Intends to License out Open Space Measuring ...

Purchaser's Detail

Tender's Details

CITCO intends to license out Open space measuring 500 Sq Ft ( 20- x 25- approx) (space/ premises) at Village Mauli Jagran, UT, Chandigarh on “as is where is basis” is being offered for Allotment on Licensee basis for running business as per Policy of Chandigarh Administration.
Category: Commercial
Auction Detail: Minimum Reserve License Fee The monthly reserve License fee is Rs.3, 30, 000/- per month + GST (as applicable). Bids below the minimum reserve License Fee shall not be accepted. 2. In these terms and conditions unless the context otherwise requires:- “Licensor”/” Corporation” means the Chandigarh Industrial & Tourism Development Corporation Limited, Chandigarh. “Licensee” means a person, a firm, or a company to whom the said open space is allotted on license basis. “License Fee” means the sum of money payable monthly by the licensee in accordance with the terms and conditions of the license in respect of the open space allotted by the licensor. “License” means the allotment letter containing detailed terms and conditions of allotment of the open space. “Date of allotment” Means date of issuing of Allotment letter. OTHER TERMS & CONDITIONS: - 3. Tenders will be invited under online Two Bid tendering process i.e. Technical Bid and Financial Bid separately. After scrutiny of the information received in Technical Bid, clarifications, if any, wherever necessary, will be obtained from the Bidder. After necessary appraisal of the bidder’s experience and technical expertise, technical short-listing will be done. In the Financial Bid, the Bidders has to the quote monthly license fee without including tax (as the taxes will be extra as applicable). In case, the bidder has submitted the monthly license fee including taxes, then CITCO will neither be responsible for it nor entertain any request for the same. Consequently, “Financial Bid will be opened in respect of only those tenders who are found technically suitable, based upon assessment made and information given in Technical Bid. The decision of the CITCO Management in this regard shall be final and binding. The bidder quoting highest monthly License fee will be awarded the Contract. 4. The e-bid must be accompanied by the scanned copy of Pay Order/ Demand Draft of an earnest money (EMD) of Rs.4, 00, 000 /- of ...