Special Instructions to the Bidders for E waste disposal

1    E waste items should be segregated and to be listed down all the items of E waste scrap and provide the list of items and their identification number to L&T before taking them to buyers custody.

2    CPU & Hard disk have to be physically damaged in our campus by making Hole at the centre or any other appropriate method.and get acknowledgement from L&T official for the same.

3    Quantity given are either in No or in LOT. Buyer must clear the entire E waste as One item or as Lot as given here as per instructions from L&T Ltd.

4    No segregation of the items of any Machine or lot is allowed inside the L&T Ltd premises.

5    All payments except EMD/CMD to be made by way of Fund Transfer to the following bank A/c.

Name of Bank: …..A/c. Name-…..A/c. Number-  IFSC Code-

6    EMD/CMD shall be paid to Auctioneer by the bidders and the same shall be transferred to L&T of the successful bidders.

7    The EMD will not be adjusted in lifting payment; it will be returned to the buyer after lifting completion confirmation from Plant in Charge. So, we (Auctioneer), to transfer the EMD of the H1 Bidder to L&T Account, once the auction is conducted.

8     Buyer shall inform plant for vehicle placement in advance to start lifting activity.

9     Lifting of the material to be completed on or before scheduled date.

10  Buyer shall keep all documents PAN, GST, authorization Letter (on letter head) and shall submit before lifting.

11 If E waste is not lifted as per specified time as above, Entire EMD Submitted to us will be forfeited without any further notice.

12 Personnel representing agencies (transport-Labourers-Hydra etc.) hired by buyers, Such personnel/Agencies are solely responsible for any act observed for unethical practice during Dismantling/loading/unloading etc., In this regards Buyers has to ensure settlement/Penalty etc., of such issues immediately, or else buyers will be responsible for agencies act, & such decision by L&T will be final & binding/unarguable in any court of law.

13 Buyer has to arrange Safety Gadgets by Workmen; without PPE workmen will not allow inside the L&T premises.

14  Buyer has to accept L&T weighbridge, if applicable as a final weighment. 

15 Buyer has to place the vehicle on 09:30 AM TO 03:30 PM only. No Loading and Disposal is allowed between 01^st  To 05^th of Every Month.

16 Buyer has to ensure all the workmen should have Aadhar card or Voter Id card, without ID card workmen will not allow at L&T premises.

17 The above E waste will be sold on “As is Where Is basis & on no complain basis.

18 Relevant taxes, GST, TCS will be applicable on bid value.

19 For Inspection bidders are requested to contact with L&T Constructions Team.

20 All costs towards dismantling /Pickup/Loading & Transportation charges in buyer’s scope.

21 The Successful bidder has to deposit the entire 100% payment within 7 days from the date of Confirmation from Auctioneer.

22 The agency has to remove the materials within 10 Days from the date of 100% payment with or without Cutting. Else, a holding fee may be levied. Other lot that does not require cutting will have to be cleared and moved out within 7 days.

23 Offline quotes will not be accepted, even from unsuccessful bidders once the auction is over. Bidders are expected to obey the rules and not to submit counter offer in disguised names (i.e. from relative/sister concerns). It will be considered under sabotaging tactics, as a result L&T might debar such unethical bidders for all the upcoming e-auctions. Kindly do not contact L&T team directly when the auction is in process. It will lead to forfeiture of the EMD that is held as security deposit with Auctioneer.

24  Successful bidders have to get register with L&T by submitting the following documents before delivery.

a    GST Registration form b) PAN Card c) Cancelled Cheque.

d) Turnover  Statement/ITR Statement (FY 2020-2021) e) Contact Details & Address (To be mentioned in Letter Head)

Special Condition :

1   L & T Ltd. will not provide the E way bill. It’s in scrap vendor scope.

2   All materials shall be lifted from site within 7 days from the date of issuance of Sale Order.

3   Payment Terms: Bidder has to deposit 100% of the Sale Order value within 5 days from the date of issuance of Sale Order as a Security amount.  

4   The Sale Order will be cancelled and EMD will be forfeited as per below clauses:

         If Bidder will not deposit the Security Amount within 3-5 days from the date of issuance of Sale Order.

         If Bidder shall not start the lifting of materials from 10^th day of issuance of Sale Order.

5   Bidder shall be Single Point of Contact for all communication & correspondence with Auctioneer.

6   Tax will be extra as per actual rates.

7   Event Fees (Rs. 1,000) is to be Paid by H1 Buyer Only for Each Lot.

8   All the bidders have to pay Membership Fee for the participation as Rs.7080/- (Inclusive GST)

9   The agency has a pure intention of business and will lift the complete quantity within 7 days after received sale order.

10                If any kind of malpractice happens during the lifting of material, then it will be completely the responsibility of scrap dealer and L&T without starting any investigation is authorized to block the fund and forfeit the EMD amount immediately.