East Coast Railway Tender
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Technical
Technical
Financial
Bid Capacity
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To determine the bid capacity required, we look for specific values or formulas indicating the minimum requirements for a bidder to participate. The formula provided is: Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3, which should be ≥ V/N or V, whichever is less. Here, V represents the advertised value of the tender in crores of Rupees, and N represents the number of years prescribed for completion of work. Given the advertised value of the tender is 22389386.27 and the period of completion is 9 months (or approximately 0.75 years), we can calculate V/N. First, convert the advertised value into crores: 22389386.27 / 10000000 = 22.38938627 crores. Then, calculate V/N: 22.38938627 / 0.75 = 29.85251569. Since V (22.38938627) is less than V/N (29.85251569), the bid capacity required is ≥ 22.38938627. Therefore, the bid capacity required for a bidder to participate in the tender is an average annual contractual turnover of at least 22.38938627 crores or more, as per the given formula and values.
Technical Capacity
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The required prior work experience for the bidder includes successfully completing or substantially completing any one of the following categories of work(s) during the last 7 years: (i) Three similar works each costing not less than 30% of the advertised value of the tender, (ii) Two similar works each costing not less than 40% of the advertised value of the tender, or (iii) One similar work costing not less than 60% of the advertised value of the tender. Additionally, for subcontracting, the subcontractor should have completed at least one work similar to the work proposed, costing not less than 35% of the value of the work to be subcontracted, in the last 5 years. A Work Experience Certificate is required, issued by a Govt. Department/Organisation or a Public listed company with an average annual turnover of Rs 500 crore and above in the last 3 financial years.
Costs
EMD
INR 2,62,000 (USD 3,024)
Description
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Contact
Tender Id
etenderEastkur-317-2024-KHURDA ROAD DIVISION-ENGINEERING/ECORTender No
etenderEastkur-317-2024Tender Authority
East Coast Railway ViewPurchaser Address
-Website
http://ireps.gov.in
Documents