PVC Sheets & Mouldings at Delhi

Specification

Item Id	757
Category	PVC Sheets & Mouldings at Delhi
Manufacture name	M/s Vashist Enterprises
Model name	as per list
Model number	2021
Production date	20-Aug-2021
Location	Dada Ghosh Bhawan, New Delhi, Delhi
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 6,11,000.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 6,11,000.00
Reserve Price	Rs. 1,80,000.00 / LOT
Reserve Price Lot Value	Rs. 1,80,000.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / LOT
Incremental Bid	/ LOT
Next Minimum Bid	/ LOT

Expired

Details

Brief Material description- PVC Sheets & Mouldings –As Per list attached

Qty. – As per below

S. No.	Item Description	Unit	Salvageable Qty
1	22" PVC Sheets	Sq.Mtr.	9850
2	22" PVC Sheet (Heavy)	Sq.Mtr.	1500
3	PVC Moulding (100 x 30)	Rft.	15680
4	PVC Moulding (110 x 30) Heavy	Rft.	2500
5	PVC Chocket (40 x 48)	Rft.	4900

Term & Condition of e-Auction:

Disposal of the above material is being sold on‘ As Is Where Is’,
‘Whatever There Is’ and ‘No Complaint’ basis subject to the following
condition:-

The materials
offered are damaged goods under insurance claim hence being offered for sale on
“As is Where is”, “Whatever there is” and “No complaint” basis. No complaints
whatsoever will be entertained after the bid is made. The bidder is
deemed to have inspected, examined reasonably and satisfied himself as to all
matters regarding condition, type, quality, and quantity. Rule of “Caveat
Emptor” applies strictly.

THE RATE FOR
PURCHASE OF OFFERED GOODS IS TO BE SUBMITTED ON PER LOT BASIS excluding GST@18%.

DYNAMIC TIME: The eAuction shall automatically extend by 05 MINUTES in
case someone enters a bid in the last one minute of the remaining time in
closure of the auction. This shall continue indefinitely until no one bids in
the last one minute of the time remaining. Bids in dynamic time can be placed
by 50% of incremental bid value.

Deposits and Lifting: After depositing 100%
advance payment within 3 to 5 days H1 shall be allowed to start
lifting. The seller has indicated that the site can be cleared within a period
of 7 to 10 working days from the date of receipt of delivery
order by H1. Any delay in doing the same, H1 shall be liable to pay ground
rent for the salvage quantity uplifted and yet remaining at site. The
rates charged would be Rs. 1000 per MT per day.

Participation / Facilitation Fee
= Rs. 100/- + 18% GST

The Auctioneer reserves the right to reject any bid without assigning
any reason to the bidder

Earnest Money
Deposit (EMD) Information:

1. EMD is always 10% of the final bid amount. To facilitate participation
of more buyers, we (E-Auctioneer and MOA) may allow participation at a lower
amount than mandatory 10%. However H1 is required to complete EMD amount before
lifting of material.

2. The EMD will not attract any interest & will be dealt with as per
the procedure mentioned below:-

2.1.1. Wherever EMD is held by us, we are responsible for the return release.
Seller or MOA has no role of EMD forfeiting/retention for H3 & below. EMD
of H1 & H2 is at discretion and instructions of the seller and MOA.

2.1.2. In case of unsuccessful bidders, (H3 & Lower) EMD is refunded
immediately after adjusting the facilitation fee, but not later than 7-10
working days from the completion of the E-Auction process subject to the terms
and conditions mentioned herein and at the website.

2.1.3. EMD of the H2 bidder shall be retained for 10 days from the date of
approval of E-Auction.

2.1.4. If the H1 bidder fails to deposit minimum 50% payment (apart from 10%
EMD) of the final bid value, within 3 days after he is declared H1 bidder,
his EMD will be forfeited and H2
bidder will be upgraded to status of H1 and has to honour the deal at the H2 bid
value with privileges and penalties of H1 bidder.

2.1.5. The EMD of H1 will be adjusted once the complete payment is received by
the seller and also complete material is lifted by H1 bidder.
Also adjustment will be done for fee and expenses against EMD if the seller or
MOA has not paid for the same.

2.1.6. In case of “Buyer’s Non-performance” the EMD may still be forfeited.
Opportunity may be given to H2.

Wherever EMD
held by E-Auctioneer, the EMD of H1 and H2 may be refunded by E-Auctioneer upon
instructions of seller and MOA.

All charges incidental to loading and lifting of material will be borne by the Purchaser. It is assumed that prospective bidders have inspected the above salvage and acquainted
themselves about the offered goods available for purchase, whether they have
actually inspected the same or not. However, it is expected that the
prospective bidders will inspect the salvage at site, before participating in eAuction. Any failure in doing
inspection is not a liability of eAuction agency.

The Salvage
Managers or the associated Loss Adjusters or Underwriters, being only the
facilitators for disposal of salvage, have no knowledge about the specific
trade requirements and shall bear no responsibility of any kind, in this regard
of whatsoever nature.

The website www.salvagemanagers.com is maintained by an external agency at external servers. Any
problem while bidding or technological glitches/problems may occur accidentally
and such problems will be dealt with in order to complete the entire process
smoothly. The surveyor’s decision in this regard will be final as they have
appointed us to bring transparency in the system by e-Auctioning.

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta -9625137014
Email :	meenakshi@salvagemanagers.com