The Trading Corporation of Pakistan (TCP) has declared three urea import bids, including first lowest, non-responsive as they were failed to fulfill the tender's requirement. Following the directives of federal government, on Thursday the state run grain trader opened tender for import of some 50,000 metric tons urea for domestic consumption.
The second urea import tender was issued last month on the directives of Economic Coordination Committee (ECC) of the cabinet to avoid any shortage in the domestic market as domestic urea production were unable to produce sufficient commodity due to gas curtailment.
Overall some 11 international bidders/suppliers participated in urea tender. One bidder namely M/s BGN International submitted regret letter, while remaining 10 interested parties/ bidders quoted prices ranging from $295.87 per metric ton to $309.70 per metric ton Cost and Freight (C&F) basis.
The lowest bid was received from M/s Keytrade AG, which offered to supply 50,000 tons urea at a price of $295.87 per metric ton. The second lowest bidder was M/s Agrifert Liven International, which was agreed to supply 50,000 metric tons urea at $297.55 per metric ton. Third lowest bid was received from M/s Swiss Singapore Overseas, which quoted $299.92 per metric ton for same quantity.
In addition, M/s Quantum Fertilizer offered same quantity at $304.45 per metric ton, M/s Dreymoor Fertilizer Overseas $304.71 per metric ton, M/s Midgulf International $305.65 per metric ton, M/s Ameropa Asia $307.36 per metric ton, M/s Samsung C&T quoted $307.40 per metric ton, M/s Aries Fertilizer Group $309.47 per metric tons and M/s TransGlobe $309.70 per metric ton.
According to bid evaluation report prepared by TCP bid evaluation committee, out of 10 bids, some three bids, including first lowest bid were, non-responsive as they were failed to fulfill the tender's term and conditions, sources said.
Bid evaluation committee has declared first lowest bid of M/s KeyTrade non-responsive due to violation of clause 7 of the tender documents, as the validity of bank guarantee is not as per requirement. TCP also declared bid of M/s MidGulf non-responsive due to non-provision of affidavit as per clause 8(b)(vi) of urea tender.
In addition, bid of M/s Samsung C&T was also non-responsive due to non-provision of financial status report as per clause 8 (b) (vii) (ii) and NTN mismatches with authority letter.
Following the PPRA rules, TCP has displayed the bid evaluation report on its website for ten days and the deal will be finalized later. The validity of all received bids is some 13-day after opening of tender, sources said.
It may be mentioned here that state run grain trader has recently completed import of some 100,000 metric tons urea to meet the domestic demand in Rabi season and now importing another 50,000 metric tons to maintain the sufficient stocks in Rabi season.
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