Hindustan Petroleum Corporation Limited Tender

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Hindustan Petroleum Corporation Limited - HPCL Tender

Services
Manpower Supply
GEM
Opening Date30 Jan 2025
Closing Date10 Feb 2025
Tender AmountINR 2,55,18,975 (USD 2,95,217)

AI Insights

Technical
Financial
Bid Capacity
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To determine the bid capacity required, we look at the specific requirements mentioned. The tender mentions a minimum average annual turnover of 40 Lakh for 3 years and requires bidders to have experience in providing similar services. However, for the calculation of bid capacity in terms of past experience and specific formulas, the estimated bid value is considered as 40 Lakh, with requirements including: 1. Three similar completed services costing not less than 40% of the estimated cost, which equals 16 Lakh. 2. Two similar completed services costing not less than 50% of the estimated cost, which equals 20 Lakh. 3. One similar completed service costing not less than 80% of the estimated cost, which equals 32 Lakh. These values and formulas summarize the bid capacity required in terms of past experience for the tender.
Technical Capacity
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The required prior work experience for the bidder is 1 year of past experience in providing similar type of services. The bidder must have successfully executed/completed similar services over the last three years, with the following conditions: 1. Three similar completed services costing not less than 40% of the estimated cost, which is 10207590. 2. Two similar completed services costing not less than 50% of the estimated cost, which is 12759487.5. 3. One similar completed service costing not less than 80% of the estimated cost, which is 20415180. Additionally, the bidder should have experience in similar services, with the specific requirement being that they should have completed services costing not less than the specified percentages of the estimated bid value, which is 25518975. The required prior work experience for the bidder's manpower is 0 to 3 Years for both Skilled and Unskilled manpower. However, this information is not consistently available across all sources.

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