Harbour Engineering Department Tender

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Harbour Engineering Department - HED Tender

Works
Civil And Construction
Eprocure
Opening Date1 Feb 2025
Closing Date10 Feb 2025
Tender AmountINR 5,96,02,227 (USD 6,89,511)

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required can be calculated using the following formulas: 1. Bid Capacity > 0.4 * Estimated Cost of Work 2. Grand Total Quoted Amount > 0.75 * Total Estimated Cost 3. Working Capital > 0.10 * Probable Estimated Cost of Work Additionally, there are formulas for weighted annual financial turnover and cost of completed works, as well as approved rates for different scenarios. These formulas are: - Weighted Annual Financial Turnover = Annual Financial Turnover * (1 + 0.05)^n - Weighted Cost of Completed Works = Cost of Completed Works * (1 + 0.05)^n - Approved Rate = Departmental Data Rate - (Tender Deduction * Departmental Data Rate) - Approved Rate = Market Rate - (Tender Deduction * Market Rate) - Approved Rate = (Contractor's Proposed Rate * (1 - Tender Deduction)) Note that the actual estimated cost of the work is not provided, so the exact bid capacity required cannot be calculated.
Technical Capacity
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The bidder must have experience of having successfully completed at least one similar work costing more than 40% of the estimated cost of the work put to tender. This similar work should be for Government or Semi-Government clients and should have been completed within the last 5 to 7 years. The certificate of experience from the Agreement Authority of the completed similar work should contain details such as name of work, agreement number, estimated cost, contract price, date of start and date of completion. The value of similar works completed is considered as the full value of the completed work, and the percentage is more than 40% of the estimated cost of the work put to tender. The annual financial turnover and cost of completed works of previous years are given a weightage of 5% per year to bring them at the current price level. Additionally, the bidder should possess experience and past performance of works of similar nature in the last five years, and should submit details of experience and past performance of works of similar nature with certified copies of certificates from the Clients. The bidder should also provide details of ongoing works. The performance of each of the parties to the Joint Venture on works of a similar nature within the past five years, current works on hand, and other contractual commitments shall also be submitted along with the Bid.

Costs

  • EMD

    INR 2,00,000 (USD 2,314)

Description

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Contact

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