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news details
Eyebrows raised over SMC's tender notice on displaying of advertisement hoardings
Locals set to lose out in the race
1/24/2018 12:29:41 AM
Jehangir Rashid
Early Times Report
SRINAGAR, Jan 23: Eyebrows have been raised over the tender notice issued by Srinagar Municipal Corporation (SMC) in connection with displaying of advertisement hoardings in the summer capital of the state.
Sources told Early Times that some of the conditions set out by SMC with regard of advertisement hoardings are too harsh and it would be difficult for the state subjects to bid for the same. They said that in such a situation the non-state subjects can easily bid for the displaying of advertisement hoardings in the limits of Srinagar city.
"Under general terms and conditions the successful bidder has been asked to deposit 75 percent of bid amount within three months of the issuance of letter of intent, that means the bidder has to pay minimum of Rs. 3.75 crores within three months from the date of issuance of letter of intent," said sources.
Sources said that keeping in view the turbulent political situation in the valley it would be highly impossible for the bidders hailing from Kashmir to arrange such a huge amount within short period of three months. In other words there is no scope for the contractors hailing from Kashmir province to participate in the bid. Same may be said of the people of Jammu who wish to bid for the same.
"The successful bidder can be asked to bear the loss on account of hartals, curfew or natural calamity that occur occasionally for a day or two. If hartals or curfew prolong for months together as has been happened during 2016 wherefrom the bidder will compensate such losses," said sources.
Sources said that in the tender notice it has been mentioned that bidder should have held a single contract worth 70 lakhs during the last two years from government or semi-government agency. They said that it is not possible for the competitors hailing from the state of Jammu and Kashmir and needs to be revised so that competitors of the state may be in a position to compete.
"The bids/offers have been invited from interested parties/persons/ advertising agencies/companies/ firms/ proprietary concerns/ registered institutions with assessed average annual turnover of not less than Rs. 2.00 Crores during last three years for allotment of contract for putting up advertisements on 189 Hoardings Structures and on 700 pole Kiosks in various parts of Srinagar city for a period of two years," reads the tender notice issued by SMC in the first week of this month.
The tender notice reads that the earnest money shall be Rs. 10, 00, 000 in shape of call deposit/FDR pledged to F.A/Chief Accounts Officer, SMC without which no offer shall be accepted. The minimum bid shall be five crores for the contract period.
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