Result: The project was awarded to Silver Bullet Media on L1 basis.
1. R K Swamy BBDO
2. Silver Bullet Media
3. Infinium Advertising Company
4. Santushti Supplies (Disqualified as the undertaking was missing)
Addendum: Part E: Conditions of Quotation:
18. Payment terms: The successful bidder will raise an invoice for the purchase order to IBEF and the payment will be made via bank transfer within a period of 30 days.