KARNATAKA FOOD AND CIVIL SUPPLIES CORPORATION LTD.,
# 16/I, Millers Tank Bed Area, Vasanthnagar, Bangalore - 560 052
No.KFCSC/MSP - Maize/2013-14/
Reference is invited to the notification No.KFCSC /MSP/maize/2013-14/40 dated: 07-05-2014, regarding "Request for Proposal,Empanelment of Buyers of Maize,Tender for sale of Maize procured under MSP Scheme 2013-14 of Government of Karnataka through e-Auction Platform"
The following amendments for the respective Clauses have been incorporated.
1. Clause No 6.22 of the above tender under Process of electronic auction system on NCDEX Spot Exchange Ltd Platform, the words" interest free refundable security deposit (SD)" is replaced with interest free non-refundable security deposit (SD)"
Further in clause No 6.22 , after the words "In such an event the EMD amount of successful Bidder will be forfeited" the words " The SD (10%) furnished by the successful bidders shall be adjusted towards cost of the stock " are inserted.
2. Clause No. 7.1.1of the above tender under Delivery Process, for the words "The Buyer shall make the full payment for the awarded quantity within 15(Fifteen) working days ",the words"The Buyer shall make 90% payment for the awarded quantity within 15(Fifteen) working days " shall be substituted.
3. Clause no 7.1.13of the above tender under Delivery Process, the words" and SD " are deleted
4. Clause 7.9 of the above tender under Delivery Process, the words " and SD " are deleted
All the applicants and interested parties may take note of amendment to above Clauses. The amendment shall come in to force with immediate effect.