Indian Oil Corporation Limited Tender

The bidder should have satisfactorily completed at least one work of similar nature during the last 07 years. The value of completed work for evaluation shall be considered as under: - One similar completed work costing not less than ₹ 115.75 Lakh for Group-1, ₹ 55.84 Lakh for Group-2, and ₹ 37.46 Lakh for Group-3. - Two similar completed works each costing not less than ₹ 92.60 Lakh for Group-1, ₹ 44.68 Lakh for Group-2, and ₹ 29.97 Lakh for Group-3. No specific percentage of similar works completed is mentioned. The bidder needs to submit copies of work order along with completion certificate, TDS Certificate, Proof of Payment, and End User Performance Certificate or other documentary evidence as proof of completion. In case of Annual Rate Contracts (ARC) of repetitive nature, similar ARC job that has been successfully completed by Bidder for the originally awarded period of such ARC, shall be considered as completed works even though such ARC is under execution on account of extension. For consortium (including an unincorporated JV), the Bidder shall be considered eligible if they meet required technical experience and commercial experience. The bidder's prior work experience is considered eligible if they have executed a work jointly in consortium, including an unincorporated JV, and meet the required technical experience and required commercial experience. The value of completed jobs indicated by the bidder should depict separately the value of completed job and GST/ Service tax as applicable. The bidder's Concurrent commitments, i.e., value of existing commitments for ongoing works for a period of one year, shall not be more than 2 times the annual turnover of the Bidder for the immediately preceding financial year. The bidder shall have a positive Net Worth in the last audited financial year. No specific percentage of similar works completed is mentioned, but the bidder's experience in executing similar works is considered for evaluation. The executed value of completed work submitted by the bidder shall be considered during evaluation for experience criteria. A job executed by a bidder for its own plant/projects can't be considered as experience for the purpose of meeting the requirement. However, jobs executed for Subsidiary/ Fellow subsidiary / Holding company will be considered as experience for the purpose of meeting the requirement, subject to submission of tax-paid invoices duly certified by the Statutory Auditor of the bidder towards payments of statutory tax in support of the job executed for Subsidiary/ Fellow subsidiary / Holding company.