Greater Noida Industrial Development Authority Tender
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Greater Noida Industrial Development Authority - GNIDA Tender
Works
Eprocure
Opening Date4 Feb 2025
Closing Date17 Feb 2025
Tender AmountINR 3,08,02,202 (USD 3,55,479)
AI Insights
AI Insights
Technical
Bid Capacity
The bid capacity required in the given tender can be determined by the cumulative turnover and liquid assets of the tenderer. The formulas for calculating the bid capacity are as follows:
* For works more than 1.5 times the bid value up to Rs. 15.00 Lacs: 5% of the bid value
* For works more than 1.5 times the bid value up to Rs. 100.00 Lacs: 10% of the bid value
* For works more than 1.5 times the bid value up to Rs. 500.00 Lacs: 12% of the bid value
* For works Rs. 500.00 Lacs and above: 2.00 times the bid value, with 12% of the bid value as the liquid asset requirement.
The cumulative turnover requirements are:
* Rs. 10.00 Lacs for works up to Rs. 15.00 Lacs
* Rs. 15.00 Lacs to Rs. 100.00 Lacs for works up to Rs. 100.00 Lacs
* Rs. 100.00 Lacs to Rs. 500.00 Lacs for works up to Rs. 500.00 Lacs
* Rs. 500.00 Lacs and above for works above Rs. 500.00 Lacs.
The liquid asset requirements are:
* 5% of the bid value for works up to Rs. 15.00 Lacs
* 10% of the bid value for works up to Rs. 100.00 Lacs
* 12% of the bid value for works up to Rs. 500.00 Lacs and above.
The bid capacity required in the given tender is as follows:
1. Works more than Rs.10.00 Lacs & upto Rs.15.00 Lacs:
- Cumulative turnover: 1.5 Times bid value
- Liquid assets: 5% of the bid value
2. Works more than Rs.15.00 Lacs & upto Rs.100.00 Lacs:
- Cumulative turnover: 1.5 Times bid value
- Liquid assets: 10% of the bid value
3. Works more than Rs.100.00 Lacs & upto Rs.500.00 Lacs:
- Cumulative turnover: 1.5 Times bid value
- Liquid assets: 12% of the bid value
4. Works Rs.500.00 Lacs and above:
- Cumulative turnover: 2.00 times the bid value
- Liquid assets: 12% of the bid value
Alternatively, the bid capacity required can also be calculated using the Earnest Money deposit (EMD) and Security Money requirements, which are as follows:
- For work estimated to cost up to Rs. 10 crore: EMD = 2% of estimated cost
- For work estimated to cost more than Rs. 10 crore: EMD = Rs. 20 Lacs + 1% of (estimated cost - Rs. 10 crore)
- Security Money = 5% of Actual Cost of the work.
Technical Capacity
The required prior work experience for the bidder includes having successfully completed works during the last 7 years. The experience requirements are as follows:
- Three similar completed works costing not less than 40% of the estimated cost put to tender,
- Two similar completed works costing not less than 60% of the estimated cost put to tender,
- One similar completed work of aggregate cost not less than 80% of the estimated project cost put to tender.
Similar completed works mean commercial work of similar nature as the tender being asked for.
The value and percentage of similar works completed are also mentioned in terms of the estimated cost put to tender, with specific percentages such as 40%, 60%, and 80%. Additionally, the bidder should have a cumulative turnover and liquid assets, with liquid assets being 5%, 10%, or 12% of the bid value, depending on the bid value. The cumulative turnover should be more than 1.5 times the bid value for works up to Rs.500.00 Lacs, with a minimum of Rs.10.00 Lacs, Rs.15.00 Lacs, or Rs.100.00 Lacs, and 2.00 times the bid value for works of Rs.500.00 Lacs and above.
Costs
EMD
INR 6,17,000 (USD 7,121)
Description
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Contact
Tender Id
2025_GNIDA_1001604_5Tender No
SM/(E-TENDER CELL)/2025/563 DATED- 31.01.2025Tender Authority
Greater Noida Industrial Development Authority ViewPurchaser Address
-Website
https://www.greaternoidaauthority.in/
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Documents
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