No hidden charges. No keyword restrictions.FREE SUBSCRIPTION FOR A YEAR

Office of the Empowered Officer, State Ru.al Roads Development Agency, PMGSY Cell, Meghalaya No: PwEO-SRRDA/PM GSy I s6l 2078 I 3 Dated shillon& the lsin October 2019 ORDER Sub: Matter of Unbalanced Bids During the bidding process for PMGSY wo.ks, it has been observed that certain bids have been received wherein, the overall quoted amounts dropped upto 19-20% ofthe Tendered Value. A sizeable number of bids bore overall quoted amounts between 10%-15% below the Tendered value. This practice of unbalanced bids therefore suBgests the following ramifications:, 1. That the Meghalaya PMGSY Schedute ot Rates 2015-15 is inftated, 2. Non-workability ofquoted rates, whjch could eventually result in compromise in quality, leadingto sub-standard work. ln the long term,this could lead to abandonmentofwork. 3. Front-end loading of bids which could lead to work abandonment subsequently. 4. Dissonance amont competing bidders, among others. Taking into account the above and with a view to ensure that the bid process is not duly delayed, the conditions prescrjbed in Clause 26.3 of the Bidding Document shall be scrupulously followed to curtail the practice of unbalanced bids. lrrespective of the detailed analyses that may be required and the acceptance thereof, Additional Performance Security (over and above the prescribed Performance Security) shall be required to be furnished by the successful bidder, which shall be as follows: This shall apply for all works cleared under 2018-19 which are tendered during the current year 2018-19. Empowered bfficdr, fiRlA, pMcsy ce[, Meghalaya, Shillong. Overallquoted value as % below tendered value (maintenance being constant) Additional Performance S€curity to be furnished LJpto 5% below Nit B Over 5% above An amount wtrich is the difference between the Tendered Value and the Quoted amount.

Disclaimer: Bidassist has made every reasonable effort to ensure that the information is accurate and authentic however it cannot be held liable for any third-party claims or losses of any damages. Bidassist makes no warranty, expressed or implied, as to the results obtained from the use of the information. If you think you may have noticed any error or omission, please let us know by contacting contact@bidassist.com.