Corporation Of Chennai Tender

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Corporation Of Chennai Tender

Works
Eprocure
Opening Date28 Feb 2025
Closing Date11 Mar 2025
Tender AmountINR 2,89,58,000 (USD 3,34,869)

AI Insights

Technical
Financial
Class Of Bidder
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Class I Registered contractor
Bid Capacity
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The bid capacity required in the given tender to bid is calculated using the formula: Assessed Available Bid capacity = (A x N x 1.5 - B) Where A = Maximum value of civil engineering works executed in any one year during the last five years (updated to the price level of the financial year [2023-2024] at the rate of 5% per year), N = Number of years prescribed for completion of the works for which bids are invited (period up to 6 months to be taken as half-year and more than 6 months as one year), B = Value, at the current price level, of existing commitments on ongoing works to be completed during the period of completion of the works for which bids are invited. Additionally, the available bid capacity should be equal to or more than the total bid value of the work. The value of the works executed and Financial Turnover of the Previous Years shall be given a Weightage of 10% each per year to bring them to the Price Level of 2023-24, with the following weightage: 2023-24: 1X value of works executed / Financial Turnover 2022-23: 1.10 X value of works executed / Financial Turnover 2021-22: 1.21X value of works executed / Financial Turnover 2020-21: 1.33 X value of works executed / Financial Turnover 2019-20: 1.46 X value of works executed / Financial Turnover Specifically, for the given tender, the bid capacity can be calculated using the following formulas: - 80% of the Package value: Rs. 231.67 Lakhs - 1.5 times of the Package value: Rs. 434.37 Lakhs - 50% of the Package Value: Rs. 144.79 Lakhs These values indicate the minimum requirements for the bidder's experience, financial capacity, and cash flow. To determine the bid capacity required, we need to look at the financial and technical requirements specified in the tender document. The tender document mentions the following requirements: 1. The bidder should have a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bid (150% value of the project being bid). The formula for this is: 1.5 * Package Value Given Package Value is Rs. 231.67 Lakhs, the minimum turnover required is: 1.5 * 231.67 = Rs. 347.505 Lakhs or Rs. 347.51 Lakhs. 2. The bidder should have access to liquid assets, unencumbered real assets, lines of credit, and other financial resources sufficient to meet the projected construction cash flow requirements, which is estimated to be 50% of the total value of the project. The formula for this is: 0.5 * Package Value Given Package Value is Rs. 231.67 Lakhs, the cash flow required is: 0.5 * 231.67 = Rs. 115.835 Lakhs or Rs. 115.84 Lakhs. 3. The bidder should have executed at least one work not less than 80% of the value put in the tender under a single agreement in any one of the preceding five years. The formula for this is: 0.8 * Package Value Given Package Value is Rs. 231.67 Lakhs, the minimum work value required is: 0.8 * 231.67 = Rs. 185.336 Lakhs or Rs. 185.34 Lakhs. Therefore, the bid capacity required in the given tender includes: - A minimum annual financial turnover of Rs. 347.51 Lakhs in civil engineering construction work. - Access to financial resources of at least Rs. 115.84 Lakhs to meet cash flow requirements. - Experience of having executed a work of at least Rs. 185.34 Lakhs in value under a single agreement in the last five years. These are the key financial and technical capacity requirements to bid for the tender. To determine the bid capacity required, we need to look at the financial requirements specified in the tender documents. 1. Annual Financial Turnover: The bidder should have achieved a minimum annual financial turnover of 1.5 times the value of the project being bid in at least two of the last five financial years. The project value is not directly stated, but we can infer it from the mention of "80% of the Work Value = Rs.231.67 Lakhs" and "1.5 times of the Package value = Rs.434.37 Lakhs". This implies the package value is Rs.289.58 Lakhs (since 1.5 times this value equals Rs.434.37 Lakhs), making the project value (or package value) Rs.289.58
Technical Capacity
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The bidder is required to have prior work experience in the field of civil engineering, specifically in 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 in State Government Department / Undertaking / Local Bodies. The value for this requirement is 80% of the Package value, which is Rs.231.67 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 bided, which is 150% of the project value, calculated as total certified payments received for contracts in progress or completed. The value for this requirement is 1.5 times the Package value, which is Rs.434.37 Lakhs. The bidder should also have completed projects with a value of at least 150% of the project being bided in at least two financial years in the last five years. The experience certificates for the works executed in the Government contracts will be considered. The bidder's available bid capacity for construction work should be equal to or more than the total bid value of the work. The available bid capacity will be calculated based on the maximum value of civil engineering works executed in any one year during the last five years, the number of years prescribed for completion of the works, and the value of existing commitments on ongoing works. The weightage for the value of works executed and financial turnover of the previous years will be given, with the most recent year having a weightage of 1X and the previous years having increasing weightages up to 1.46X for the year 2019-20. The bidder should have a minimum available bid capacity, which will be calculated based on the maximum value of civil engineering works executed in any one year during the last five years, the number of years prescribed for completion of the works, and the value of existing commitments on ongoing works. The bidder should provide details of their experience, including the value and percentage of similar works completed, as well as their financial turnover and available bid capacity. The bidder should also provide details of the technical personnel to be deployed by the contractor for the work, including the name of members of the technical staff proposed to be employed, and their qualifications. The bidder should provide the details of the engineers and managerial personnel, including their names, qualifications, and experience. The bidder should provide the details of the machinery and equipment owned by the company, and the list of machinery and equipment that the company proposes to take on rent and use for the work. The bidder should provide the details of the material testing facilities available with the firm. The bidder should provide the details of the present activities in which their firm is engaged as a main contractor, and their present activities in which their firm is working in a joint venture, for the last five years. The bidder should provide the details of the name and address of the sub-contractor, key activity, and tentative amount of the sub-activity. The bidder should provide the details of the name and type of project/work which they are presently executing, brief technical description, name and address of the client, period of contract, construction cost of the project, type and amount of portion sublet by them, year of starting, percentage completed works, and name and address of the consultant, if any. The bidder should provide the name and type of project/works and its location, brief technical description, name and address of the client, period of contract, construction cost of the project, type and amount of portion sublet by them, year of starting, percentage completed works, and name and address of the consultant, if any, for the last five years. The bidder should provide an undertaking that the essential equipment will be purchased/hired for the project. The percentage of work completed at different stages is as follows: - 1st Month: 15% - 2nd Month: 30% - 3rd Month: 50% - 4th Month: 70% - 5th Month: 85% - 6th Month: 100% The bid security amount is Rs.2,90,000/- and the performance security will be 2% of the contract amount. The required prior work experience for the technical staff is as follows: - Senior Engineer: 5 years of experience in BE Civil - Site Engineer: 2 years of experience in BE Civil The bidder should have experience in civil engineering works, with a minimum value of Rs.231.67 Lakhs, which is 80% of the package value, and a minimum annual financial turnover of Rs.434.37 Lakhs, which is 1.5 times the package value. The bidder should also have completed projects with a value of at least 150% of the project

Costs

  • EMD

    INR 2,90,000 (USD 3,354)

Description

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