IREL India Limited Tender
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Technical
Technical
Financial
Bid Capacity
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To determine the bid capacity required, we consider the financial soundness criteria and concurrent commitment requirements. The financial soundness criteria specify a minimum average annual turnover. For concurrent commitments, the bidder must submit a list of ongoing projects. Given the estimated bid value and the requirement for the bidder to have executed similar works of certain values, we can infer the scale of projects the bidder should handle. However, the direct calculation of bid capacity involves the total of all balance values of ongoing projects, the estimated value of the current tender, and the average financial turnover. The formula provided for calculating bid capacity is: Total of all balance value (a + estimated value of this tender) should be less than (Average financial turnover * 4). Using the estimated bid value of 23393450 and the average financial turnover of 5900000, the calculation yields: Total of all balance value + 23393450 < 23600000, resulting in Total of all balance value < 206550. Therefore, the bid capacity required for the bidder to be eligible involves ensuring the total of all balance values of ongoing projects is less than 206550, considering the estimated bid value and the average financial turnover. The answer is: Total of all balance value < 206550.
Technical Capacity
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The required prior work experience for the bidder includes:
- Execution of one order for similar works with a value of not less than Rs 187 Lakhs.
- Execution of two orders for similar works with a value of not less than Rs 116 Lakhs each.
- Execution of three orders for similar works with a value of not less than Rs 94 Lakhs each. No specific percentage of similar works completed is mentioned. However, the bidder needs to demonstrate experience in similar works with the specified values. The bidder is also required to provide details of pending work to be executed as on the bid participation date, including the value of contracts, value executed till the last month, and balance value to be executed. The bidder needs to furnish a work order (WO) or service contract (SC) as proof of executing similar work with a completion certificate, or a WO/SC with a certificate from a practicing CA stating the payment received and work completed on the submitted work order. For MSE bidders and start-ups, past experience is relaxed, but they must establish their technical competency by submitting supporting documents towards successful execution of similar work for any value.
Costs
EMD
INR 3,96,499 (USD 4,569)
Description
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Contact
Tender Id
GEM/2025/B/5823550Tender No
GEM/2025/B/5823550Tender Authority
IREL India Limited ViewPurchaser Address
-Website
http://bidplus.gem.gov.in
Documents
list-of-categories-where-trials-are-allowed_1712126171.pdf
SERVICE_fc8b589c-0c5e-43ba-ad201738044240993_buycon2.irel.odisha.docx