Tender cancelation

Showkath A (Querist) 13 September 2013 This query is : Resolved
One of the reputed company has called for the tender for the disposal of Car, there will be 7 persons has put the tender in which i am the one has put the highest bid. Now the company officer saying that bid is below the guideline value of the car, the rejecting the my tender. In there tender terms and condition they will be no mention the guideline value and there is no terms regarding the company right of accepting and rejecting tender. They mention regarding the EMD and put the competitive price on tender.

I would like to know what shall i do, can i go to the court on this if yes what is procedure.

Thanks

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Guest (Expert) 13 September 2013
There is always a reserved price fixed for the disposal of an old asset in any organisation below which if the tenders are received are summarily rejected. The reserve price is not declared, as none would like to go much beyond the reserve price.

So, there is nothing wrong, if the tenders have been rejected. The company is likely to recall tenders keeping in view of the difference in the reserve price and the highest bid. So, in that case, you may be able to rebid for the car.

Rajendra K Goyal (Expert) 14 September 2013
Agree with the expert PS Dhingra ji, nothing more tom add.

Sudhir Kumar, Advocate (Expert) 14 September 2013
nothing more to add.

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