Indian Oil Corporation Limited Tender

The required prior work experience for the bidder includes the experience of the bidding entity only, and the bidder should meet the required technical experience and commercial experience as specified. For Annual Rate Contracts (ARC) of repetitive nature, similar ARC jobs that have been successfully completed or part-completed by the bidder will be considered as completed or part-completed works. In case a bidder has executed a work jointly in a consortium, the bidder shall be considered eligible if they meet the required technical experience and commercial experience. The value of completed jobs indicated by the bidder should depict separately the value of the completed job and GST or Service tax as applicable. The executed value of completed work submitted by the bidder shall be considered during evaluation for experience criteria of PQC. For ARC or AMC or CAMC or 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. However, the bidder should submit documents such as a copy of the work order, completion certificate, and TDS certificate to support their experience claims. The work completed/executed during any of the last seven (07) years ending on last day of the month, immediately previous to the month in which the last date of bid submission falls, shall be considered. The Earnest Money Deposit (EMD) is Rs. 19.03 lakh, and the Performance Security/ISD/SD is 10% of the total quoted one-time charges excluding GST. No specific value or percentage of similar works completed is mentioned. However, it is mentioned that the successful execution shall require the completion of at least one year of the agreement.