(1) Construction works, goods or other services up to ten lakh rupees can be purchased by calling for sealed bids.
(2) In addition to the things mentioned in sub-section (2) of section 40 of the Purchase Act, the following things should be mentioned in the form of the sealed bid:-
(a) a description of the works to be carried out, the goods to be supplied or the services to be rendered,
(b) Eligibility of sealed bidders (other than construction procurement),
(c) If a performance bond is required,
(d) Validity period of sealed bond (e) that the sealed tender form must be duly stamped by the tenderer,
(f) Manner of Valuation of Sealed Securities,
(g) Liability related to warranty in case of goods and liability up to the period of correcting defects in case of construction work.
(3) Sub-rule (2) After the BMOIZAM form is prepared, a notice shall be published in accordance with sub-section (3) of Section 40 of the Procurement Act to demand a sealed bid and the following shall be mentioned in such notice:-
(a) The place where the sealed invoice form can be obtained and the fee for the same,
(b) the type, amount and period of security, if required,
(c) Manner of sending the sealed invoice,
(d) the name and address of the office or officer to whom the sealed bond should be sent,
(e) the last date and time for filing the sealed bond,
(f) date, time and place of opening of the sealed bond,
(G) Other essentials.
(4) A person, firm, organization or company interested in submitting a sealed bid must pay three hundred rupees and purchase a bid form from the relevant local body and submit the sealed bid in the same form. (5) The form of the tender as per sub-rule (4) must be signed and stamped by the head of the concerned local body or the employee designated by him.
(6) The person, firm, company or institution issuing the sealed invoice shall provide a cash guarantee or commercial bond of two and a half percent of the amount agreed with the sealed invoice.A bail bond issued for a period of seventy-five days from the date of issue must be submitted.
(7) The validity period of the sealed bond will be forty-five days.
(8) As soon as the last time for submission of the sealed bond is over, the local body shall open the sealed bond form in the presence of the seal bond bearer or his representative at the place specified in the notice of the sealed bond bond.
(9) The Valuation Committee will examine and evaluate the Silwandi securities.
(10) According to sub-rule (8), within fifteen days from the date of opening of the sealed bid, the local body shall approve the sealed bid in accordance with sub-section (5) of Section 40 of the Procurement Act and the information thereof shall be given to all sealed bid bidders.
(11) According to sub-rule (10), within seven days after the approval of the sealed bid, the local body shall give a notice to the respective bidder to come to the purchase agreement.
(12) The sealed bidder who receives the notice as per sub-rule (11) shall submit a performance guarantee (performance guarantee) issued by a commercial bank in the amount of 5% of the bid amount within seven days from the date of receiving the notice.
(13) The surety deposited by the seal bond holder in accordance with sub-rule (6) shall be forfeited in the following cases:-
(a) If the selected Sealbandi Bidder does not enter into a Purchase Agreement,
(b) If the performance bond mentioned in the sealed promissory note form is not given within the time limit for entering into the purchase agreement,
(c) In case of acting contrary to the conduct according to Section 62 of the Procurement Act.
(14) Other procedures related to the sealed bond will be in accordance with the provisions mentioned in this regulation.