Indian Oil Corporation Limited Tender

The bidder should have satisfactorily completed at least one work of similar nature during the last 07 years. The required prior work experience can be demonstrated through one of the following options: (a) One similar completed work costing not less than Group-1: ₹ 115.75 Lakh Group-2: ₹ 55.84 Lakh Group-3: ₹ 37.46 Lakh OR (b) Two similar completed works each costing not less than Group-1: ₹ 92.60 Lakh Group-2: ₹ 44.68 Lakh Group-3: ₹ 29.97 Lakh No specific percentage of similar works completed is mentioned. The bidder needs to submit details of their experience in execution of similar nature works meeting technical qualification criteria, including the value of completed job and GST/ Service tax as applicable. The value of completed jobs should be indicated separately. 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 detailed scope of work/responsibility matrix of each Member, the percentage/quantum of payment to be received by each Member, executed value of the work should be provided. 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 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 (two) times the annual turnover of the Bidder for the immediately preceding financial year. The bidder shall have a positive Net Worth (on the basis of standalone financials of bidding entity) in the last audited financial year. In case a bidder has worked as a sub-contractor, their experience can also be considered, and they need to submit a certificate from the end User/ Owner/ Consultant of the owner acting as EIC stating that sub-contracting has been approved/ permitted. The executed value of completed work submitted by the bidder shall be considered during evaluation for experience criteria of PQC. For ARC/AMC/CAMC/PWAMC, the annualized value of a work order will be determined based on its executed amount and actual completion period if it takes more than one year. 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.