Basic Information:

• Tender Type: Forward Auction
• Category: Electric Components, Fittings & Spares
• Sub Category: Busbar
• Payment Mode: cash
• Item Work Details:
  

  In electric power distribution, a busbar (also bus bar) is a metallic strip or bar, typically housed inside switchgear, panel boards, and busway enclosures for local high current power distribution. They are also used to connect high voltage equipment at electrical switchyards, and low voltage equipment in battery banks. They are generally uninsulated, and have sufficient stiffness to be supported in air by insulated pillars. These features allow sufficient cooling of the conductors, and the ability to tap in at various points without creating a new joint.

• Terms and Conditions:
  

  Terms and Conditions for Auction

  1. General Conditions

     • By participating in this auction, all bidders agree to be bound by the following terms and conditions.
     • The auctioneer reserves the right to modify these terms and conditions at any time. Any such modifications will be effective immediately upon posting.
     • Participation in the auction is open to individuals aged 18 or older. Minors are not permitted to bid.

  2. Registration

     • All bidders must register prior to bidding. Registration requires providing accurate personal information, including name, address, and contact details.
     • The auctioneer reserves the right to reject any registration without providing reasons.
     • Registered bidders will be assigned a bidder number, which must be used in all bidding activities.

  3. Bidding Process

     • Bids must be placed in the increments determined by the auctioneer.
     • The highest bid at the close of the auction will be the winning bid, provided it meets or exceeds any reserve price set by the seller.
     • In the event of a dispute between bidders, the auctioneer will have sole discretion to determine the winning bid or to re-open the bidding.

  4. Payment

     • The winning bidder is required to pay the full amount of the winning bid, plus any applicable taxes and buyer’s premium, within [specified time period] after the close of the auction.
     • Accepted forms of payment include [list accepted payment methods, e.g., credit card, bank transfer, etc.].
     • Failure to make payment within the specified period will result in forfeiture of the winning bid, and the item may be offered to the next highest bidder or re-auctioned.

  5. Item Descriptions and Condition

     • All items are sold “as is,” and the auctioneer makes no warranties or representations regarding the condition, authenticity, or provenance of any item.
     • Descriptions of items are provided for informational purposes only and should not be relied upon as definitive.
     • Bidders are encouraged to inspect items in person or request additional information prior to bidding.

  6. Collection and Delivery

     • The winning bidder is responsible for the collection or delivery of the purchased item. Collection must occur within [specified time period] after payment is made.
     • Delivery or shipping arrangements can be made at the bidder’s expense and risk. The auctioneer is not responsible for any damage or loss that occurs during shipping.

  7. Liability

     • The auctioneer is not liable for any loss, damage, or injury resulting from participation in the auction or from the use or condition of auctioned items.
     • Bidders agree to indemnify and hold the auctioneer harmless from any claims or damages arising from their participation in the auction.

  8. Governing Law

     • These terms and conditions are governed by the laws of [jurisdiction], and any disputes arising from these terms will be subject to the exclusive jurisdiction of the courts of [jurisdiction].

  9. Miscellaneous

     • The auctioneer reserves the right to withdraw any item from the auction at any time before the close of bidding.
     • Any failure by the auctioneer to enforce any term or condition shall not be considered a waiver of that term or condition or any other term or condition.

  By participating in the auction, bidders acknowledge that they have read, understood, and agree to be bound by these terms and conditions.

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Tender Work Item Details:

• Item Name: Busbar
• Item Quantity: 40 meters
• Start Price: 20000

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