April 11, 2025
Bid Notice
< No. R25BK00781821>
Korea Aerospace Research Institute (KARI) invites sealed bid from eligible Bidders for the procurement of NASA
GRCop-42 powder for PBF.
The following is an outline of the requirements, so potential Bidders are requested to carefully review the
following instructions and to submit their Proposals in accordance with the guidelines and requirements as
contained in the Item Requirements.
1. Main Scope
- Item: NASA GRCop-42 powder for PBF
- Quantity: For the details, please refer to the Item Requirements
- Contract Period: Four (4) weeks after EDC
- Estimated Budget: EUR 38,000
- Method of Contract: a competitive Bid (the lowest Bid price)
- Delivery Term: FCA Contractor’s site (INCOTERMS 2020)
- Warranty Period: One (1) year after final inspection of Items at KARI site
2. Qualification of Bidder
- Bidders shall be qualified under Article 12 (Requirement to Participate in Competitive Tender by Law) of the
ENFORCEMENT DECREE OF THE ACT ON CONTRACTS TO WHICH THE STATE IS A PARTY of Republic of Korea.
3. Submission of Proposal
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The proposal and Bid Bond shall be hand-carried, posted or e-mailed to KARI personnel or his designee within
the Bid Closing Date and Time. (The Price Proposal shall be sealed.)
The main bid currency is
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EUR but other currency could be accepted.
On submission of proposal by Bidder’s deputy, one (1) power of attorney, certificate of business registration,
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certificate of registered seal usage, certified identification and certificate of employment are required to be
presented.
- The proposal shall be made in English or Korean.
Bid closing Date and Time: April 2
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5, 2025 14:00 Korean Local Time.
- Opening of Bid and Declaration of Successful Bid: April 25, 2025 15:00 Korean Local Time.
4. Bid Bond
- Bidder shall establish a Bid Bond in favor of KARI before the Bid Closing Date and Time.
- The total amount of the Bid Bond shall be at least five percent (5%) of total Bid Price and shall be valid for at least
three (3) months after Bid Closing Date.
- The currency of Bid Bond is EUR (Provided however, that other currency may be allowed and it shall be same
currency in the price proposal).
- The Bid Bond shall be in the form of a surety bond issued by the Seoul Guarantee Insurance Company, in the
form of an irrevocable standby letter of credit by first class international bank, cash or other means of guarantee
acceptable to KARI. In case of cash, bank guarantee, or the irrevocable standby letter of credit, it shall be advised
through “Woori Bank” (Daejeon Banking center at 29 Munye-ro, Seo-gu, Daejeon, 35241 Korea, Tel: +82-42-488-
9704, Ext.312, Fax: +82-505-003-2964, e-mail: JINNY@wooribank.com). In case of the surety bond, it shall be
advised through “ Seoul Guarantee Insurance Company”, hand carried or posted to KARI. The bond shall be
available by KARI’s request on the Seoul Guarantee Insurance Company or by KARI’s draft at sight drawn on the
bank, accompanied by the statement of KARI stating that Bidder has refused to enter into a contract with the
terms and conditions in the Purchase Order as attached, that Bidder has hindered the fair bidding by fraud or
mispresentation, or that Bidder has withdrawn its Proposal after the Bid Closing Date.
All of the Bid Bonds will be released promptly at the time of contract award by KARI without interest.
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5. Nullification of Bid
- This Bidding may be nullified in accordance with Article 39(4) of ENFORCEMENT DECREE OF THE ACT ON
CONTRACTS TO WHICH THE STATE IS A PARTY and Article 44 of ENFORCEMENT RULE OF THE ACT ON
CONTRACTS TO WHICH THE STATE IS A PARTY.
6. Selection of Successful Bidder
- The bidder who proposed the lowest price and meet the requirements of the attached Item Requirements will
be selected as successful bidder among bidders.
- If Bidder’s proposed price is in a currency other than the currency of the estimated budget specified in this Bid
notice, for the conversion of the Bidder’s proposed price, the 1st basic exchange rate announced by KEB Hana
Bank on the bid closing date shall be applied.
In case of equal price, a Successful Bidder shall be determined by means of drawing lots.
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7. Remarks
- The Bidder shall have a full understanding of all matters necessary for this Bidding including the Item
Requirements prior to making a Bid and shall be responsible for any and all disadvantages arising from
insufficient understanding of matters necessary for this Bidding.
- Bidder shall prepare the Proposal in truth. In case that any content of the Proposal is founded to be false later,
KARI may terminate or cancel the Contract even after the Contract is concluded.
- All documents submitted in response to the Item Requirements including the Proposal for this Bidding shall not
be returned.
- All expenses incurred by Bidder in connection with this Bidding, including but not limited to the proposal,
performance bond, etc, are for its own account and KARI will not disclose the evaluation result of Bidder’s
Proposal.
- If any Bidder is bankrupted or insolvent as of the date of this Bid notice, such Bidder shall not be allowed to
participate in this Bidding.
- Bidders are required to keep confidential any data and information acquired in the Contract award. If any
Bidder violates it, such Bidder may assume civil and criminal liability, sanction for inappropriate business entity,
and other disadvantages(such as penalty for security violation, subtraction of evaluation scores in future
Biddings, etc.).
8. Main Terms and Conditions
Payment: the payment will be made by payment milestones (for instance, effective date of Contract and final
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acceptance. Please refer to the attached Purchase Order.) as wire transfer net 30 days.
- Delivery: FCA Contractor’s site (Incoterms® 2020)
- Warranty: One (1) year after final inspection of Items at KARI site
- Liquidated damages: For the late delivery, liquidated damages shall be applied at the rate of zero point zero
seven five percent (0.075%) of total Contract Price per day of delay, up to thirty percent (30%) of total Contract
Price in maximum.
- For the detailed terms and conditions for contract, please refer to the attached Purchase Order.
9. Specification
- Please refer to the Item Requirements attached.
10. Point of Contact for Bidding
Contractual matters
Technical matters
Overseas Contracts Team
Korea Aerospace Research Institute
169-84 Gwahak-ro, Yuseong-gu,
Daejeon, 34133, Korea
Attn. : Boram Jeong (Ms)
Tel. : +82-42-860-2649, Fax : +82-42-860-4370
e-mail : boram@kari.re.kr
Small Launch Vehicle Research Division
Korea Aerospace Research Institute
169-84 Gwahak-ro, Yuseong-gu,
Daejeon, 34133, Korea
Attn. : Dong Woo Choi (Mr)
Tel : +82-42-870-3974
e-mail : dchoi@kari.re.kr
