Indian Oil Corporation Limited Tender
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Indian Oil Corporation Limited - IOCL Tender
Works
Eprocure
Opening Date13 Feb 2025
Closing Date27 Feb 2025
Tender AmountINR 2,20,60,775 (USD 2,51,917)
AI Insights
AI Insights
Technical
Financial
Class Of Bidder
Class-I and Class-II local suppliers are eligible to bid, however, it is not a strict requirement to bid, rather a preference for purchase is given to Class-I local suppliers and MSEs. Non-local suppliers are also eligible to bid in cases of Global tender enquiries.
Bid Capacity
The bid capacity required to bid can be determined by the following parameters:
a) Annual Turnover:
The turnover of the Bidder during any of the preceding three financial years should be at least 60% of the annualized estimated value of the work with GST under consideration, i.e., Rs. 1,37,36,000.00.
Formula: Turnover ≥ 0.6 * Annualized Estimated Value
b) Single Work Order Value of Similar Works:
The value of completed work for evaluation shall be considered as under:
(i) Three similar completed works each costing not less than 30% of the estimated cost, i.e., Rs. 66,19,000.00
(ii) Two similar completed works each costing not less than 40% of the estimated cost, i.e., Rs. 88,25,000.00
(iii) One similar completed work costing not less than 50% of the estimated cost, i.e., Rs. 1,10,31,000.00
Formulas:
(i) 3 * Similar Work Value ≥ 0.3 * Estimated Cost
(ii) 2 * Similar Work Value ≥ 0.4 * Estimated Cost
(iii) Similar Work Value ≥ 0.5 * Estimated Cost
Technical Capacity
The required prior work experience for the bidder includes construction of any or a combination of Buildings, Roads, Driveway, Boundary Wall, Steel Structure, Retaining wall, Petroleum or Gas Installations, or Retail outlets. The bidder should have completed similar works, which should be completed in all respects with a final bill or completion certificate submitted as proof.
The value of completed work for evaluation shall be considered as under:
(i) Three similar completed works each costing not less than the amount equal to 30% of the estimated cost, which is Rs. 66,19,000.00
OR
(ii) Two similar completed works each costing not less than the amount equal to 40% of the estimated cost, which is Rs. 88,25,000.00
OR
(iii) One similar completed work costing not less than the amount equal to 50% of the estimated cost, which is Rs. 1,10,31,000.00.
The required prior work experience for the bidder includes:
- 3 years of experience for an engineer for civil work including structural and painting works with a value of Rs. 30,000.
- 5 years of experience for an engineer, 2 years for another engineer, and 1 year for another engineer for works valued between 200-500, with salaries of Rs. 40,000, Rs. 25,000, and Rs. 20,000 respectively.
- 8 years of experience for an engineer, 4 years for another engineer, and 2 years for another engineer for works valued above 500, with salaries of Rs. 50,000, Rs. 35,000, and Rs. 25,000 respectively.
No specific percentage of similar works completed is mentioned, but the evaluation of the bidder's experience and work completion is based on the marks allocated to different aspects. The RA bill value ratio is evaluated based on the average RA bill value as a percentage of the execution value, with full marks for an average RA bill value above 20%, 2 marks for an average RA bill value between 10-20%, and nil marks for an average RA bill value below 10%.
Costs
EMD
INR 55,000 (USD 628)
Description
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Contact
Tender Id
2025_SROTN_183535_1Tender No
SRCC/AR/PT/196/TNSO/2024-25Tender Authority
Indian Oil Corporation Limited ViewPurchaser Address
-Website
https://www.iocl.com/
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Documents
List of Preferred Makes_Engineering Materials
Bidders_help_Document_for_Preferencial_ Bidding_20230207_v1
Special_Instructions_to_the_Bidders_20230207_version_1a
Excel_Declarations_Undertakings.xls
Guide_to_Submit_Declaration_Undertaking
ELECTRICALTECHNICALSPECIFICATIONS
MECHANICALTECHNICALSPECIFICATIONS
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