Corporation Of Chennai Tender
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Corporation Of Chennai Tender
Works
Eprocure
Opening Date26 Feb 2025
Closing Date11 Mar 2025
Tender AmountINR 2,90,01,000 (USD 3,35,366)
AI Insights
AI Insights
Technical
Financial
Class Of Bidder
Class I Registered contractor
Bid Capacity
The bid capacity required can be calculated using the formula: Assessed Available Bid capacity = (A x N x 1.5 - B), where A is the maximum value of civil engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments on ongoing works.
Additionally, the available bid capacity should be equal to or more than the total bid value of the work, which is Rs. 290.02 Lakhs. The bid capacity required is 50% of the total value of the project.
The tender requires the bidder to have a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bid, which is 1.5 * 290.02 = Rs.435.02 Lakhs, and access to liquid assets or credit facilities of at least Rs.145.01 Lakhs.
Formulas used include: Minimum annual financial turnover = 1.5 * Package value, and Estimated cash flow required = 0.5 * Package value. Given values include: Package value = Rs.290.02 Lakhs, Minimum annual financial turnover = Rs.435.02 Lakhs, and Estimated cash flow required = Rs.145.01 Lakhs.
Other requirements include experience in similar works, with the bidder having executed at least one work not less than 80% of the value put in tender under a single agreement in any one of the preceding five years, and ownership or access to specific equipment necessary for the contract.
The bid capacity can be summarized as: Financial Turnover of 1.5 times the package value, experience of at least one project with a value of not less than 80% of the package value in the last five years, financial resources of at least 50% of the package value, and ownership or access to specified construction equipment.
Therefore, the bid capacity required includes a minimum annual financial turnover of 1.5 times the package value and availability of financial resources to meet 50% of the project's value for cash flow.
Technical Capacity
The bidder should have experience in civil engineering works such as Storm water drain works, Canal works, and Pond works. They should have executed at least one work not less than 80% of the value put in tender under a single agreement in any one of the preceding five years ending 31.01.2025. The value of this work should be at least 80% of Rs. 232.01 Lakhs.
This means the bidder should have completed a work worth at least 80% of Rs. 232.01 Lakhs, which translates to Rs. 185.608 Lakhs, in a single contract. The bidder should have experience in similar works, with a specific value and percentage of similar works completed being 80% of the package value, which is Rs. 232.01 Lakhs.
Additionally, the bidder should have achieved a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bid, which is 150% of the project value, in at least two financial years in the last five years. The value for this requirement is mentioned as 1.5 times of the Package value, amounting to Rs. 435.02 Lakhs, and also as 1.5 times Rs. 232.01 Lakhs, which is Rs. 348.015 Lakhs. However, the exact value mentioned is Rs. 435.02 Lakhs.
The bidder should also provide a performance certificate for the works executed, which will be considered subject to verification. The experience certificates for the works executed in Government contracts will be considered. The value of the works executed and financial turnover of the previous years will be given a weightage to bring them to the price level of 2023-24.
The weightage is 1X for 2023-24, 1.10X for 2022-23, 1.21X for 2021-22, 1.33X for 2020-21, and 1.46X for 2019-20. The bidder should have completed works worth at least 80% of the tender value in a single contract, which is 80% of Rs. 232.01 Lakhs. The bidder should also have a minimum annual turnover of 1.5 times the project value in at least two of the last five years, which is 1.5 times Rs. 232.01 Lakhs, or Rs. 348.015 Lakhs, but the mentioned value is Rs. 435.02 Lakhs.
Costs
EMD
INR 2,91,000 (USD 3,365)
Description
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Contact
Tender Id
2025_CoC_527396_1Tender No
SWDC.No.B2/0474-2/2025Tender Authority
Corporation Of Chennai ViewPurchaser Address
-Website
http://www.chennaicorporation.gov.in/
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