Gujarat Industrial Development Corporation Tender

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Gujarat Industrial Development Corporation - GIDC Tender

Works
Civil And Construction
Building Construction
Opening Date6 Feb 2025
Closing Date21 Feb 2025
Tender AmountINR 3,24,14,179 (USD 3,74,083)
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AI Insights

Class Of Bidder
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The class eligibility requirement to bid or participate in this tender is "A" Class and above, specifically with Special category – II (Building works) and "E-1" Class and above with R & B (Electrical Division). Additionally, for a specific work, the bidder should be an “A” Class & Special Category-II Buildings contractor.
Bid Capacity
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To determine the bid capacity required, we look at the provided formulas and values. The bid capacity required in the given tender is calculated using the formula: ABC = 2*A*N-B Where: A = Maximum updated total amount executed in any one year from 2019-20 to 2023-24 N = 1.75 B = Amount of existing commitments and ongoing works to be discharged during the time interval of N years from the bid due date The available bid capacity (ABC) should be more than the tender amount, i.e., Rs. 3,22,80,473.00. Additionally, the average updated Annual Financial turnover during the last three years should be at least 30% of the estimated cost, which is Rs 96.84 lakhs. The formula to calculate the required average annual turnover is: (Average of (Turnover of each year * Enhancement factor of that year) for the last three years) >= 0.3 * Estimated Cost. Given the estimated cost is Rs 96.84 lakhs, the required average annual turnover would be at least 0.3 * 96.84 lakhs = Rs 29.05 lakhs. Therefore, the bid capacity required in the given tender to bid having value and formulas is found, and the values are: - Tender amount: Rs. 3,22,80,473.00 - Estimated cost: Rs 96.84 lakhs - Required average annual turnover: at least Rs 29.05 lakhs - Formula for ABC: ABC = 2*A*N-B - Formula for required average annual turnover: (Average of (Turnover of each year * Enhancement factor of that year) for the last three years) >= 0.3 * Estimated Cost.
Technical Capacity
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The bidder must have experience of successfully completed similar works during the last seven years. The similar works can be either of the following: - Three similar completed works with an updated costing of not less than 40% of the estimated cost, with each work having an updated completion cost of not less than Rs. 129.12 lakhs. - Two similar completed works with an updated costing of not less than 50% of the estimated cost, with each work having an updated completion cost of not less than Rs. 161.40 lakhs. - One similar completed work with an updated costing of not less than 80% of the estimated cost, with the work having an updated completion cost of not less than Rs. 258.24 lakhs. For a work to qualify as a similar work, it must meet specific definitions, including completion of at least one work of RCC frame structure building work of minimum Ground floor + First Floor (G+1) with specified updated completion costs. Additionally, the bidder must have valid registration in "E-1" class or above with R&B (Electrical Division) and a valid electrical contractor license, and must have completed at least one work of Internal Electrification work of any building. If the bidder does not have such experience, they must execute a Memorandum of Understanding (MOU) with a bidder having valid registration and experience. The bidder needs to provide a copy of form-3A / Experience certificate issued by the employer showing all details as required as per Pre-Qualification criteria of successful experience of similar work. Specific values and percentages of similar works completed that are required include: - 40% of the estimated cost for three similar completed works, with each work having an updated completion cost of not less than Rs. 129.12 lakhs. - 50% of the estimated cost for two similar completed works, with each work having an updated completion cost of not less than Rs. 161.40 lakhs. - 80% of the estimated cost for one similar completed work, with the work having an updated completion cost of not less than Rs. 258.24 lakhs.

Costs

  • EMD

    INR 3,24,142 (USD 3,741)

Description

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