Fr Rubber Belt 1600MM 1600Kn/M 5Ply — Chhattisgarh Government Tender

In brief

Coal india limited has invited bids for fr Rubber Belt 1600MM 1600Kn/M 5Ply, in Chhattisgarh.

We're verifying this tender's value against the official source (the listed figure didn't match the deposit), so we're holding the cost & profit estimate for now. Open the official BOQ on the portal for the exact figures. You'll need to block ₹4,20,000 as a refundable deposit (EMD) to bid, returned if you don't win.

Bidrove summary — not the buyer’s wording

AI Bid Advisor

No recommended bid for this tender — and that's deliberate

GeM runs this as a reverse auction. GeM gave an estimate for it, but its own bid document declares that figure for guidance on the EMD only — it is not the contract price, which bidders set by competing downward in a live round. So we don't build a recommended bid on it.

How to price a reverse auction

Work out your floor first, before the round opens. Materials, labour, transport, GST, the EMD you have tied up, and your overhead. In a live auction there is no time to calculate — the only number that protects you is one you decided in advance.
Price the quantity, not the tender. GeM lists an exact quantity and specification. Cost one unit properly, multiply, then add delivery and any inspection or installation the specification requires.
Check the EMD. Earnest money is usually a small percentage of what the buyer expects to spend, so it is often the only public hint at the scale of the contract. Here it is ₹4,20,000.
Decide your walk-away number and hold it. Reverse auctions are designed to pull the price down. Winning below your floor is worse than not winning — you carry the delivery risk and the penalty clauses either way.
Read the eligibility conditions in the tender document before you bid. A disqualified bid costs the EMD and the effort, whatever the price was.

Estimated cost & profit

This department hasn't published the contract value, so we can't estimate cost & profit yet. The EMD (deposit) and all other details are shown — open the official portal for the full BOQ.

Verify on official portal

Always confirm & submit on the government source.

Open source ↗