Under the Instruction of Seller (Larsen & Toubro Construction)
Accurate Auctioneers and
Consultant Pvt Ltd is an authorized e-auction provider for Seller (Larsen
& Toubro Ltd. ) to obtain online
bids through its portal www.accurateauctioneers.in The Sale & Purchase are made directly by
the Seller & buyers (Bidder(s)).
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e-AUCTION Schedule
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Kindly Read
all the Instructions Carefully.
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e-
Auction Timing
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Date:
21-11-2023, Tuesday,
Start Time: 16:30 Hrs.
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Time Slot:
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1 Hour, Subject to
Auto Extensions of 3 Minutes.
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e- Auction Link:
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www.accurateauctioneers.in
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Inspection:
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Inspection from 16.11.2023 to 20.11.2023 from 10:30 Hrs. to
14:00 Hrs. & 15:00 Hrs. to 17:00 Hrs. (Except Sunday & Holidays)
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Address:
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LARSEN & TOUBRO LIMITED, Site
Address :
Refer
the material List
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EMD
Submission:
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Can also be submitted to Auctioneer’s
Account. Details as Follow:
Name-
Accurate Auctioneers and Consult PVT LTD.*
*A/C
NO-50200061987260*
*IFSC:
HDFC0001351*
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E-AUCTION RESULT CONFIRMATION & PAYMENT
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Payment Within 03 working days from the
date of intimation of such provisional acceptance, the highest/ successful
bidder has to pay an amount equivalent to 10% (Ten Per cent) of his bid
amount less the Caution Money deposited (CMD) earlier towards the Earnest
Money Deposit (EMD).
L&T Construction shall issue a final
confirmation of acceptance/rejection for all lots within 30 calendar days
(excluding e-auction date)
The buyer shall deposit 100% payment
within 07 calendar days from the date of confirmation, subject to acceptance
of his bid amount and said lot/’s
The
EMD / Security Amount Shall be refunded after NOC from
L&T
Construction.
NO interest shall be provided on amount
deposited in Auctioneer’s Account.
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Product
Details
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Lot No.
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Project Name
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ITEM DESCRIPTION
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UOM
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Qty.
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EMD
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Event Fees + GSt
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EMD
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Site Address
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1
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CIDCO
Bamandongri
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TMT SCRAP
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MT
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34.5
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100000
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6000
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1,06,000
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Larsen &
Toubro Limited, Construction Division, C/o CIDCO Housing Project, Near
Kharkopar Rly station, Ulwe Navi Mumbai-410206 Rajeev Ranjan Singh -
9930611409
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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 25% of the Sale Order value within 3 days from the date of issuance of
Sale Order as a Security amount. Balance 75% shall be payable in 2-3 lots
before lifting of materials from site. The Security amount will be adjusted in
last lot. .
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 10th day of issuance of
Sale Order.
If Bidder shall not
lift the 50% of materials within 15th Day of issuance of Sale
Order.
5
Bidder shall be
Single Point of Contact for all communication & correspondence with Client.
6 Tax will be extra as per actual rates.
7 Event Fees is to be Paid by H1 Buyer Only.
8 All the bidders have to pay Membership Fee for
the participation as Rs.7080/- (Inclusive GST)
