1950/2016 Page 2 of 18
basis to e-reverse auction basis.
6. It is contended that since the petitioners were not interested in
supplying ... Page 3 of 18
10. It is further contended that e-reverse auction is only a bidding
process to arrive at a rate contract
between the closure time of the auction and resumption
time of auction would be provided if the auction will reach in the extended time past ... before start of the auction and same
shall be displayed on the auction website.
3. At the end of the reverse auction, bidder
Auction and if that bid gets accepted, then
the auction's duration shall get extended automatically
for another 30 minutes, for the entire auction ... time between closure time of
the auction and resuming time of the auction will be provided if the
auction will reach in the extension time
called
upon the petitioner- company to participate in the reverse auction to be held on
22.09.2020 along with the details/ number of unskilled, gunmen ... petitioner- company along with other eligible bidders
participated in the reverse auction on 22.09.2020 only for the Zones
that involved a single stage two envelope bid followed by a reverse
auction.
5.2 The bidders were required to submit their bids in the first ... determine the number of bidders who qualify for participating
in the reverse auction. The bidder who submitted the lowest bid was to be
ranked
assistance sought in respect of
carrying out/participating in the reverse auction, Mr. Ramesh
Bharadwaj, Managing Director of OP-3, also requested Mr. Naresh
Kumar ... submit their price bids for the
project work. However, the e-reverse auction held on 03.05.2018 could
not succeed due to lack of responses
petitioner, which has been declared L1 bidder after the
Reverse Auction Process (in short 'RAP'). Alternatively, the petitioner
has further prayed for issuance ... auction starting price at
Rs.168,69,92,897/- and the reverse auction process was started.
During the reverse auction process, only two bidders, namely
regard to the reverse
bidding and there is no provision or bar relating reverse bidding.
(j) The TANGEDCO follows the reverse auction process for
more ... reverse bidding. For ready reference, the procedure for e-reverse
auction, as detailed in Exhibit-VI, is reproduced below:
“2. E-TENDER AND E-REVERSE
responsive
bidders, the petitioner participated in the e-reverse auction
and was found to be the lowest bidder. Accordingly, the PSC
// 6 //
in its meeting ... petitioner has
abandoned his bid being not participated in the E-Reverse
Auction by not reducing his bid price. Therefore, the
petitioner has no locus
district of
Koraput and Rayagada in the State of Odisha through
Reverse Auction Bidding Process has been cancelled
after the petitioner emerged as successful bidder ... 1134 of 2026 Page 2 of 88
undertaking reverse auction bidding process, the instant
writ petition has been filed beseeching to invoke power of
judicial
