Engineering Projects India Limited Tender
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Engineering Projects India Limited Tender
Works
Eprocure
Opening Date13 Feb 2025
Closing Date27 Feb 2025
Tender AmountINR 3,45,60,000 (USD 3,94,648)
AI Insights
AI Insights
Technical
Financial
Bid Capacity
To determine the bid capacity required, we look at the specified criteria.
For similar works, the bidder should have experience with:
- Three similar works, each costing not less than 20% of the estimated cost put to tender,
- Two similar works, each costing not less than 25% of the estimated cost put to tender, or
- One similar work of aggregate cost not less than 40% of the estimated cost put to tender.
For financial turnover, the average annual financial turnover should be at least 50% of the estimated cost put to tender during the last three consecutive financial years.
Additionally, the bidder should not have incurred losses in more than two consecutive years during the immediate last five financial years.
The bidder should also have a Banker’s Certificate from a National / Schedule Bank of the amount equal to 40% of the Estimated Cost put to tender, or a Net Worth Certificate of minimum 10% of the estimated cost put to tender.
The value of similar works is calculated by enhancing the actual value of work to the current costing level at a simple rate of 7% per annum from the date of completion to the date of bid opening, excluding GST.
However, specific details regarding the Net Worth formula are not provided, but it's mentioned that the Net Worth should not have eroded by more than 30% in the last three years.
Given these details, the bid capacity required includes:
- Average annual financial turnover: at least 50% of the estimated cost,
- Losses: not more than two consecutive years,
- Banker’s Certificate or Net Worth Certificate: 40% or 10% of the estimated cost, respectively.
Since some specific formulas, like the exact Net Worth calculation, are not provided, the information is partially available but not entirely complete for a precise calculation in all aspects.
Technical Capacity
The required prior work experience for the bidder includes having successfully completed similar works during the last 7 years in the field of "Supply, Erection / Installation, Testing & Commissioning of Instrumentation/control cables in any Steel / Cement / Power / Coal / Mining / Port / Water / Railway / Airport / Manufacturing Industries".
The bidder should have completed:
- Three similar works, each costing not less than 20% of the estimated cost put to tender,
- OR two similar works, each costing not less than 25% of the estimated cost put to tender,
- OR one similar work of aggregate cost not less than 40% of the estimated cost put to tender.
The value of work shall be excluding GST and shall be brought to current costing level by enhancing the actual value of work at a simple rate of 7% per annum, calculated from the date of completion to the date of Bid opening.
The completion certificates issued by government or semi-government organizations, or in the case of private sector work, supported by work orders and TDS certificates, will be considered. The value of work will be excluding GST. The cost of free issue materials shall not be included in the completed value of works.
The bidder's past experience as a leader or member of a Consortium/ Unincorporated Joint Venture (JV) shall be considered acceptable, provided their scope in that Consortium/JV meets the requirement stipulated in the Experience Requirement.
For similar work, the value of work executed shall be brought to current costing level by enhancing the actual value of work at a simple rate of 7% per annum. The value of work shall be excluding GST.
In case of a Company/firm, formed after merger and/or acquisition of other companies/firms, past work experience and financial parameters like turnover, profitability, net worth, etc. of the merged/acquired companies/firms will be considered for qualification of such Company/firm.
The bidder can use the work experience of its subsidiary company to the extent of its ownership in the subsidiary company.
In case of incorporated joint venture (IJV), the completed value shall be arrived at after considering the percentage share of each member as per the shareholding pattern of IJV available in the Ministry of Corporate Affairs, Government of India database.
The required information includes the value of similar works completed, which should be at least 50% of the estimated cost put to tender.
Mentioned values and percentages include:
- 20% of the estimated cost put to tender for three similar works
- 25% of the estimated cost put to tender for two similar works
- 40% of the estimated cost put to tender for one similar work
- 50% of the estimated cost put to tender for average annual financial turnover
- 7% per annum for simple rate of enhancing actual value of work
- 40% of the estimated cost put to tender for Banker's Certificate
- 10% of the estimated cost put to tender for Net Worth Certificate.
Costs
EMD
INR 6,91,200 (USD 7,893)
Description
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Contact
Tender Id
2025_EPI_226649_1Tender No
EPI/CO/CON/933/884Tender Authority
Engineering Projects India Limited ViewPurchaser Address
-Website
www.mstcindia.co.in
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Documents
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