Gujarat Energy Transmission Corporation Limited Tender

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Gujarat Energy Transmission Corporation Limited - GETCO Tender

Works
Opening Date11 Feb 2025
Closing Date4 Mar 2025
Tender AmountINR 2,22,68,960 (USD 2,54,294)

AI Insights

Technical
Bid Capacity
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The bid capacity required in the given tender can be determined by the following financial criteria and formulas: 1. Minimum Average Annual Turnover (MAAT) for the best three years out of the last five financial years should not be less than 50% of the estimated amount of the tender. Given the estimated cost of the tender is Rs. 2,22,68,960.00, MAAT = 0.5 * 2,22,68,960.00 = Rs. 1,11,34,480.00 2. Last Financial year Liquid Assets should not be less than 20% of the estimated amount of the tender. Liquid Assets = 0.2 * 2,22,68,960.00 = Rs. 44,53,792.00 3. Bidder’s Net Worth for the last 3 financial years should be positive. Formulas: 1. MAAT = 0.5 * Estimated amount of the tender 2. Liquid Assets = 0.2 * Estimated amount of the tender Values: 1. MAAT = Rs. 1,11,34,480.00 2. Liquid Assets = Rs. 44,53,792.00 Note: The exact Net Worth value cannot be calculated without knowing the bidder's financial details.
Technical Capacity
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The required prior work experience for the bidder includes experience in supply and erection work, transmission line erection, and financial capability. The bidder is required to provide details of their experience in Annexure - 2, including information about the name of the transmission line, order reference number and date, order value, length of the line, date of completion, and status of the order. They must also submit a list of performance certificates for similar works completed, as per Annexure - 3. The bidder's experience in transmission line erection is also a key factor, with the bidder required to provide details of their registration with GETCO for transmission line erection. Additionally, the bidder must submit information on their relevant past experience, including the number of feasibility reports or project reports completed for transmission systems. Regarding the value and percentage of similar works completed, the bidder is required to have a Minimum Average Annual Turnover (MAAT) for the last five years, as specified in Schedule - 03. The price of the biggest job carried out by the bidder is also to be mentioned. The bidder is required to submit a bid that is 100% complete, with no extra payment to be made for any work done. A solvency certificate from a bank, with a value of up to 20% of the bid value, is also required.

Costs

  • EMD

    INR 1,20,000 (USD 1,370)

Description

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