Unequally cut pieces of UG Cables - 292.34 Mtrs at Bangalore

Specification

Item Id	821
Category	Unequally cut pieces of UG Cables - 292.34 Mtrs at Bangalore
Manufacture name	M/s. Universal Cable
Model name	Under Ground cables (220 Kv)
Model number	2022
Production date	01-Jun-2022
Location	Bsf Campus Yelahanka, Bangalore, Karnataka
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 74,72,968.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 74,72,968.00
Reserve Price	Rs. 34,50,000.00 / LOT
Reserve Price Lot Value	Rs. 34,50,000.00

Remaining Time

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

Expired

Details

180 Nos. of Unequally cut pieces of underground Cable totalling to a length of 292.34 Mts (with Approx. 3829.61 Kgs. of Annealed Compacted Milliken Copper Conductor ) as per Photos & list

ITEM DESCRIPTION:

220kv Single Core 1200 Sq.mm., 127/220 Kv Single Core 1200 Sq.mm, XLPE Insulated, Lead Sheathed Overall PE Sheathed UG Cable (E) Grade, 1 Core, Circular, Stranded, Playing Annealed Compacted Milliken Copper Conductor, Screen On Extruded Semi Conducting Compound, Non-Woven Water Swellable Semi Conducting Tape Extruded Lead Alloy (E Sheath, Semi Conducting Bedding Tape (S) Helically Applied Copper Wires Open Helix Copper Tape, Non-Woven

Swellable Tape, Extruded PVC ST7 Sheath Conducive Coating & Antitermite Treated High Density Polyethylene Outer Sheathed Copper Cable.

A.
Special Conditions / Commercial Terms of
this E-Auction:

(These conditions
override or supplement general T&C of this participation form)

Disposal of the above material is being held on following special
conditions specific to this E-Auction:-

1. Basis
of sale: The sale of offered goods is Per Lot basis exclusive of applicable
GST/ taxes

2. Deposits
and Lifting: After depositing 100% advance payment within 3-5 working days H1
shall be allowed to start lifting and post to 100% payment shall be allowed to
clear the lot awarded to them. 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.

3. Incidental
charges: All charges incidental to loading and lifting of material will be
borne by the H1 Buyer.

4. 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
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.

5. Participation
/ Facilitation Fee = Rs. 500 + GST

6. Information
on invoicing: GST Certificate, Pan Card & Cancelled Cheque Copy

7. Information
on Taxes applicable: GST@18%

8. Additional
information on usage of salvaged goods / Brand Clause etc: Not applicable

9. 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

Earnest Money Deposit ( EMD) Information:

1.1.
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.

1.2.
Interested buyers must pre-qualify themselves for participation in
the above auction, by paying a pre-bid amount / EMD of Rs. 3,50,000 (Three
Lakh Fifty Thousand Only) by mode of RTGS to the following account along
with this E-Auction form duly filled & signed.

Adwiti
Technocrats Pvt. Ltd

Account
no. 916020025588082, IFSC Code: UTIB0004770

Axis
Bank Limited. Sector- 27, Noida, U.P.

1.3.
The pre-bid / EMD and eAuction form to be deposited in physical
form or electronic form (NEFT + scanned form of EMD) to the latest by previous
day of e-Auction.

1.4.
The EMD will not attract any interest & will be dealt with as
per the procedure mentioned below:-

1.4.1. 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.

1.4.2. 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. EMD holder to ensure the compliance.

1.4.3. EMD of
the H2 bidder shall be normally retain for 10 days from the date of approval of
E-Auction. However please refer point no. 8.4.1 above.

1.4.4.

¨
The
status of H1 bidder will be upgraded to H1 Buyer after receipt of 10% EMD and 50%
advance payment. He will be allowed lifting after depositing 100% of the lot
payment +EMD 10%.

¨
If the
H1 bidder fails to deposit minimum 50% payment (apart from 10% EMD) of the
final bid value, within 2 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.

1.4.5. The EMD
of H1 bidder will be refunded 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.

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta
Email :	meenkshi@salvagemnagers.com