Irrigation Department Tender

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Irrigation Department Tender

Works
Eprocure
Opening Date8 Feb 2025
Closing Soon15 Feb 2025
Tender AmountINR 2,04,00,000 (USD 2,35,431)

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required can be calculated using the formula: 2AN - B. Here, A = Maximum Value of Civil Engineering works executed in any one year during the last Five years ending 31st March of the previous financial year 2024, N = Number of years prescribed for completion of the works for which tenders are invited, B = Value of existing commitments. Additionally, the bidder should have an average annual financial turnover during the last 3 years of at least 30% of the COST OF WORK (without G.S.T). However, the exact COST OF WORK is not provided. The bid capacity calculated by any other formula shall not be accepted. A proper certificate of a competent Chartered Accountant is required to be scanned and uploaded from the original for this work independently.
Technical Capacity
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The required prior work experience for the bidder includes having successfully completed similar nature of civil works. The experience requirements are as follows: - Three similar completed works costing not less than 40% of the estimated cost, - Two similar completed works costing not less than 50% of the estimated cost, - One similar completed work costing not less than 80% of the estimated cost. The experience will be updated by giving 8% simple weightage per year to bring them to the current financial year price level. Additionally, the bidder should have an average annual financial turnover during the last 3 years, which should be at least 30% of the COST OF WORK (without G.S.T).

Costs

  • EMD

    INR 4,08,000 (USD 4,709)

Description

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Contact

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