May 25, 2016
Bid Summary
< No. KARI-2016-0314>
Korea Aerospace Research Institute (KARI) invites a public tender from eligible Bidders for
procurement of Aluminium Plates for Propellant Tank Dome manufacturing.
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:
Aluminium Plates for Propellant Tank Dome Manufacturing
- Contract Period: within August 31, 2016
- Estimated Budget: USD 84,166.00
- Delivery Term: FCA Port of Export, INCOTERMS 2010
- Warranty Period: 1 year after the delivery
- 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”.
3. Submission of Proposal
- The proposal shall be hand-carried or sent via appropriate express courier to KARI personnel or
his designee within the Bid Closing Date and Time. The price proposal shall be sealed. A deputy
shall submit the power of attorney and a copy of his identification.
- Bidders shall submit the Statement of Non-compliance Table in Appendix A. If Bidders do not have
any deviation, it could be substituted for an official letter.
- Any currency could be accepted.
- Bid closing Date and Time: June 1, 2016 14:30 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 value and shall be
valid until the end of June, 2016.
- 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, e-mail: the_banker@wooribank.com). 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 USD 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 notified USD Exchange Rate of Korea Exchange Bank on the
closing date within the estimated USD project budget mentioned above, and a Successful Bidder
will be selected by the 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: the payment will be made by payment milestones (for instance, effective date of
Contract, final inspection, etc.) as wire transfer net 30days.
- Delivery: FCA Port of Export (INCOTERMS 2010)
- Warranty: one (1) year after delivery
- Performance bond: ten percent (10%) of total Contract Price
- Liquidated damages: late delivery at the rate zero point one percent (0.15%) of total Contract
Price per day of delay, up to ten percent (10%) of total Contract Price.
9. Specifications
- Please refer to the Technical Requirements.
10. Point of Contact
Contractual matters
Technical matters
Procurement Team
Korea Aerospace Research Institute
169-84 Gwahak-ro, Yuseong-gu,
Daejeon 34133, Korea
Tel : +82-42-860-2406
Fax : +82-42-860-2666
e-mail : wsl@kari.re.kr (Mr. Won-Suk LEE)
Launcher Structure & Materials Team
Korea Aerospace Research Institute (KARI)
169-84 Gwahak-ro, Yuseong-gu
Daejeon, 34133 Korea
Tel : 82-42-860-2049
Fax : -
e-mail : yjh@kari.re.kr (Mr. Jong-Hoon Yoon)
Appendix A.
Statement of Non-compliance Table
KARI’s Contract Documents
Bidder’s sales
standard
Deviation
Article No.
Description
