August 06, 2015
Bid Summary
< RFP No. KARI-2015-0292>
Korea Aerospace Research Institute (KARI) invites a public tender from eligible Bidders for procurement
of High Frequency Acoustic Source of LN2 Vaporizer System.
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 Bid Summary.
1. Main Scope
. Item: High Frequency Acoustic Source of LN2 Vaporizer System
. Contract Period: 20 weeks from the Effective Date of Contract
. Estimated Budget: EUR 117,000.00
. Method of Contract: a competitive bid
2. Qualification of Bidders
. Bidder shall be qualified for Article 12. Requirements to Participate in Competitive Tender by law,
hereinafter referred to as “ENFORCEMENT DECREE OF THE ACT ON CONTRACTS TO WHICH
THE STATE IS A PARTY”.
. The supply shall have knowledge and first-hand experience in acoustic source and chamber facilities.
3. Submission of Proposal
. The proposal, business documentation showing of sales and installation records and Bid bond shall
be hand-carried or sent via appropriate express courier to KARI personnel or his designee within the
Bid Closing Date and Time. A deputy shall submit the power of attorney and a copy of his identification.
. The main Bid currency is EURO but other currency could be accepted.
. The proposal shall be made in English or Korean
. Bid closing Date and Time: August 18, 2015 14:00 Korean Local Time
4. Bid Bond
. Bidder shall establish a bid bond in favor of KARI before the Bid Closing Date.
. The total amount of the bid bond shall be at least five (5) percent of total bid value and shall be valid
for at least one (1) month.
. The Bid Bond shall be issued by the Seoul Guarantee Insurance Company in the form of a surety
bond or by first class international bank in the form of an irrevocable letter of credit and advised
through “Woori Bank” (Daejeon Branch at 29 Munye-ro, Seo-gu, Daejeon, 302-831 Korea, Tel:+82-
42-488-9704, Ext.312). 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
proposal as amended, if any, 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or that Bidder has withdrawn its Proposal after the Bid Closing Date.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.
. The currency of bid bond is EURO but other currency could be accepted.
5. Acceptance/Rejection of Bids
. KARI reserves the right to accept or reject any Bidding, and to amend the Bidding process and reject
all Bidding at any time prior to the award of the Contract without thereby incurring any liability to the
affected Bidder(s), nor is KARI under any obligation to inform the affected Bidder(s) of the ground for
its action.
6. Selection of Successful Bidder
. Currency shall be applied to the first Exchange Rate of Korea Exchange Bank on the closing date,
and a Successful Bidder will be selected by lowest bid price.
. In case of equal price, a Successful Bidder shall be determined by means of drawing lots.
7. Notice
. All elements of the proposal shall be kept confidential, and shall not be intentionally disclosed by
Bidder to any Third Party.
. All documents submitted shall become the property of KARI and will be retained by KARI.
. Expenses incurred by Bidder in connection with the preparation, submission, and any subsequent
clarification are for its own account and will not be reimbursed by KARI.
8. Main terms and conditions
. Payment: T/T net 30days after receipt of invoice
a) First payment (30%) : down payment
b) Second payment (60%) : after delivery, c) Final payment (10%) : after technical inspection
. Delivery: CIF Incheon Airport (INCOTERMS 2010)
. Warranty: 1 (one) year after delivery
. Performance bond: ten (10) percent of total contract price
. Liquidated damages: late delivery at the rate zero point fifteen (0.15) percent of total contract price per
day, up to ten (10) percent of total contract price.
9. Specifications
. Please refer to Request for Proposal
10. For further details, please refer to the RFP Documents
Contractual matters
Technical matters
Procurement Team
Korea Aerospace Research Institute
169-84 Gwahak-ro, Yuseong-Gu,
Daejeon 305-806, Korea
Tel : +82-42-860-2613, Fax : +82-42-860-2666
E-mail : jncho@kari.re.kr (Jung-Nam Cho)
Space Test Division
Korea Aerospace Research Institute (KARI)
169-84 Gwahak-ro, Yuseong-Gu
Daejeon, 305-806 Korea
Tel : 82-42-860-2562
E-mail : acoust@kari.re.kr (Jong-Min Lim)