Minutes of Pre-Bid Meeting Reserve Bank of India, Chennai invites e-Tenders for the work – “Implementing Fixed Asset Management Systems (FAMS) with Radio Frequency Identification Technology (RFID) for physical verification and reconciliation of fixed assets”. The tendering process will be done only through the e-Tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi). All interested bidders shall, register themselves with MSTC Ltd, through the above-mentioned website to participate in the tendering process. The Schedule of e-Tender is as follows: A | e-Tender no | RBI/Chennai/Estate/130/20-21/ET/189 | B | Mode of e-Tender | e-Tender (Online Part I - Techno-Commercial Bid and Part II - Price Bid through www.mstcecommerce.com/eprochome/rbi) | C | Estimated Cost | ₹12 Lakh (Rounded Off) | D | Date from which the tenders would be, available to parties for downloading. | 16:00 Hrs of, September 30, 2020 | E | Pre-Bid Meeting | Offline at 12:00 Hrs on October 14, 2020 (Venue: Reserve Bank of India, 2nd Floor, Estate Department, Rajaji Salai, Fort Glacis, Chennai 600001) | F | Earnest Money Deposit (EMD) | ₹ 24,000/- | G | Last Date of submission of EMD | 14:00 Hrs of October 20, 2020 | H | Date of starting online submission of Techno-Commercial Bid and Price Bid | 10:00 Hrs on October 15, 2020 | I | Date of closing of online submission of Techno-Commercial Bid & Price Bid | 15:00 Hrs on October 20, 2020 | J | Date of opening of Part-I (Techno-Commercial Bid) | 16:00 Hrs on October 20, 2020 | K | Date of opening of Part-II (Price Bid) | Part II (Price Bid) of the tender, of the qualified bidders, shall be opened, on a subsequent date which shall be communicated to the qualified bidders. | L | Completion period | 45 days from date of issue of work order. | M | Retention Money | Performance Bank Guarantee (clause 3.8). | N | Liquidated Damages | 0.25% of the contract of the work executed per week subject to maximum 10% of the contract amount. | O | Payment condition | 100% on completion of work (clause 3.4) | P | Validity of the Quotation | 90 days from the date of opening of Technical Bid. | Q | All disputes arising shall be subject to the jurisdiction | Chennai | R | Contact person for communication in connection with this RFQ | Name & Designation: S Krishnakumar, AGM Phone: 044 – 2539 9250 Mobile: 88795 45603 Email: skrishnakumar@rbi.org.in | S | Transaction fee | Payment of transaction fee as, mentioned in the MSTC portal, through MSTC payment gateway/NEFT/RTGS in favour of MSTC Limited. | 1.3 | Regional Director, Reserve Bank of India, Chennai reserves the right to accept or reject any or all Bids without assigning any reasons and also reserves the right to relax any of the terms and conditions. No Bidder shall have any cause of action or claim against the RBI for rejection of his Bid. | 1.4 | All information submitted in response to this RFQ shall be the property of Reserve Bank of India and it shall be free to use the concept of the same at its will. | The Regional Director Reserve Bank of India Chennai | |