Gujarat Industrial Development Corporation Tender

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Gujarat Industrial Development Corporation - GIDC Tender

Works
Civil And Construction
Building Construction
Opening Date21 Feb 2025
Closing Date11 Mar 2025
Tender AmountINR 8,88,31,757 (USD 10,23,663)

AI Insights

Technical
Class Of Bidder
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The class eligibility requirements to bid or participate in this tender vary depending on the specific project. For Construction of New Fire Station and Staff Quarters, the requirement is AA Class and above & special category class I (buildings). For Construction of Compound wall, it is D Class and above. For Annual Rate Contract For Routine Maintenance & Servicing Of Motor And Pump For Water Supply Scheme, the requirement is E1 Class and above. For Maintenance of office building, it is E2 Class and above. Additionally, for certain projects, bidders must also have an MOU with an electrical contract having similar type of electrical work experience, a valid electric contractor license, and R&B electric registration in C-class or above.
Bid Capacity
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The bid capacity required in the given tender to bid is: ABC = (2*A*N) - B), where A = Maximum updated total amount executed in any one year for 01.04.2019 to 31.03.2024, N = 1 Year (Time Limit 12 Months) is the number of years prescribed for completion of the proposed work, and Available Bid Capacity (ABC) should be more than the estimated tender amount, which is Rs.8,95,54,321.91. Additionally, the Average Updated Annual Financial Turnover during the last three years should be at least 30% of the estimated cost. The formula to calculate this is: Average Updated Annual Financial Turnover = (Total Turnover of the last three years * Enhancement factor for each year) / 3 Where the enhancement factors are: - 2024 to 2025: 1.00 - 2023 to 2024: 1.10 - 2022 to 2023: 1.21 - 2021 to 2022: 1.33 The bidder must have an average annual turnover of at least 30% of the estimated cost, which is Rs. 266.49 Lakhs * 0.3 = Rs. 79.95 Lakhs per year.
Technical Capacity
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The required prior work experience for the bidder includes having experience of successfully completed similar works during the last 7 years. The bidder must have completed at least three, two, or one different work of building, infrastructure, electrical, solar, or interior and furniture work with specified updated completion costs. The required experience can be in the form of: - At least three different works with an updated completion cost of each work not less than Rs. 3.55 Crore (40% of the estimated cost). - At least two different works with an updated completion cost of each work not less than Rs. 4.44 Crore (50% of the estimated cost). - At least one single work with an updated completion cost of not less than Rs. 7.10 Crore (80% of the estimated cost). The bidder is also required to provide information on their prior work experience, including details such as employer, engineer responsible for supervision, location and description of works, value of contract, cost of work executed, and percentage of practical completion. Additionally, the bidder's prior work experience will be evaluated based on the total amount of works executed in any one year, with an enhancement factor applied to bring the values to the base year. The enhancement factors are 1.00, 1.10, 1.21, and 1.33 for the financial years 2024 to 2025, 2023 to 2024, 2022 to 2023, and 2021 to 2022, respectively. Mentioned values include Rs. 8,88,31,757.00 (total amount of works executed) and Rs. 3.55 Crore, Rs. 4.44 Crore, and Rs. 7.10 Crore (updated completion costs). The percentage of practical completion is also mentioned as a required detail, but no specific percentage is provided for similar works completed. However, percentages of 40%, 50%, and 80% are mentioned in relation to the estimated cost.

Costs

  • EMD

    INR 8,88,320 (USD 10,237)

Description

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