Integral Coach Factory Tender

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Integral Coach Factory - ICF Tender

Works
Ireps
Opening Date3 Feb 2025
Closing Date25 Feb 2025
Tender AmountINR 2,85,18,702.34 (USD 3,29,126)

AI Insights

Technical
Financial
Bid Capacity
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To determine the bid capacity required, we look at specific conditions and financial capacity. The requirements are based on the completion of similar works within the last 7 years, with specific cost thresholds relative to the advertised tender value of 28518702.34. The calculations for bid capacity are as follows: 1. For three similar works: 3 * (0.3 * 28518702.34) = 25666831.106 2. For two similar works: 2 * (0.4 * 28518702.34) = 22814961.872 3. For one similar work: 1 * (0.6 * 28518702.34) = 17111214.204 Additionally, the tender requires a minimum average annual contractual turnover, calculated as V/N or V, whichever is less, where V is the advertised value in crores of Rupees and N is the number of years for completion. Given V = 28.52 crores and N = 2 years, the minimum average annual contractual turnover required is 14.26 crores per year. The bid capacity required can be summarized with the following values and formulas: - Three similar works: 3 * (0.3 * Advertised Value) - Two similar works: 2 * (0.4 * Advertised Value) - One similar work: 1 * (0.6 * Advertised Value) - Minimum average annual contractual turnover: V/N = 14.26 crores per year, where V = 28.52 crores and N = 2 years.
Technical Capacity
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The required prior work experience for the bidder includes successfully completing or substantially completing one of the following categories of work during the last 7 years: (i) Three similar works each costing not less than 30% of the advertised value of the tender, (ii) Two similar works each costing not less than 40% of the tender, (iii) One similar work costing not less than 60% of the tender. The value and percentage of similar works completed are: - 30% for three similar works, - 40% for two similar works, and - 60% for one similar work. The amount for these percentages is related to the advertised value of the tender. Additionally, the bidder must have a minimum average annual contractual turnover of V/N or V, whichever is less, where V is the advertised value of the tender in crores of Rupees, and N is the number of years prescribed for completion of work. In this case, V = 285.19 (in crores), and N = 2 years, so the minimum average annual contractual turnover required would be 142.59 (in crores) or 285.19 (in crores), whichever is less.

Costs

  • EMD

    INR 2,92,600 (USD 3,377)

Description

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