Gujarat Industrial Development Corporation Tender

The class eligibility requirement to bid or participate in this tender is "A" Class and Above & Sp. Category Road – II for the work of Strengthening of existing asphalt road into Rigid Pavement, and "AA" Class for the work of Development of parking facility including allied civil and electro mechanical components.

The bid capacity required can be determined using the following information: 1. Annual Turnover: The Average Updated Annual Financial Turnover during the last three years should be at least 30% of the estimated cost, i.e., 204.08 lakhs (30% of estimated cost put to tender 680.27 lakhs). 2. Successful experience: The bidder must have experience of successfully completed similar works during the last seven years, with a completion cost of at least Rs. 544.22 Lakhs for a single work or two different works of a Sewage Treatment Plant (STP) / Common Effluent Treatment Plant (CETP). The formula to calculate the Available Bid Capacity (ABC) is: ABC = 2*A*N - B Where: A = Maximum updated total amount executed in any one year from 2019-20 to 2023-24 N = Number of years prescribed for completion of the proposed work B = Amount of the existing commitments and ongoing works to be discharged during the time interval of N years from the bid due date. The bid capacity required for a single work is not less than Rs. 544.22 Lakhs, calculated as 80% of the estimated cost put to tender (Rs. 6,80,27,361.86 * 0.8 = Rs. 544.21 Lakhs). However, the exact formula for two works is not provided. Therefore, the bid capacity required for a single work is Rs. 544.22 Lakhs.