Indian Oil Corporation Limited Tender

The bidder's prior work experience is considered based on the estimated cost of work excluding the cost of AMC/O&M and the scheduled completion period of construction/supply only. The executed value of completed work submitted by the bidder shall be considered during evaluation for experience criteria of PQC. For similar work orders, no specific value or percentage is mentioned. However, the bidder must have completed similar work in the Hydrocarbon Industry, and particulars of each work, including the total value of each work, should be provided. The bidder should have successfully executed similar work in the last 7 years, and the highest value of any such work should not exceed 80% of the total value of the proposed sub-contract. Additionally, the bidder's turnover for any of the last 3 years should be higher than the value of the proposed sub-contract. No specific percentage or amount of similar works completed is mentioned, except that the bidder's concurrent commitments/contracts being undertaken should not exceed by more than 50% the highest turnover of the bidder during the last 3 years. The bidder is also required to have completed similar Construction Projects in the last five years, but specific values and percentages of similar works completed are not mentioned.