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
AI Insights
Technical
Financial
Bid Capacity
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
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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Contact
Tender Id
2025471211682-OT36-HELP-ICF HQ-MECHANICAL/ICFTender No
2025471211682-OT36-HELPTender Authority
Integral Coach Factory ViewPurchaser Address
-Website
ireps.gov.in
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Documents
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