Irrigation Department Tender

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Irrigation Department Tender

Works
Eprocure
Opening Date10 Feb 2025
Closing Soon15 Feb 2025
Tender AmountINR 2,48,50,000 (USD 2,83,767)

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required in the given tender can be calculated using the formula 2AN - B, where A is the maximum value of civil engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments. The bidder should have an assessed available bid capacity greater than the estimated value of the work. The value of A is calculated by taking the maximum value of civil engineering works executed in any one year during the last five years, updated by giving an 8% simple weightage per year to bring them to the current financial year price level. The number of years, N, is the period prescribed for completion of the works, with a period up to 6 months considered as half a year and more than 6 months considered as one year. The value of B includes the value of existing commitments, such as agreed works and ongoing works to be completed during the period of completion of the project for which tenders are invited. A proper certificate from a competent Chartered Accountant is required to verify the bid capacity calculation. Additionally, the bidder should meet specific qualifying criteria, including turnover, financial soundness, similar work experience, and registration in the Irrigation Department. The turnover requirement is 30% of the cost of work, and the similar work experience requirement involves completing similar works with specific value criteria. Therefore, the bid capacity required in the given tender involves specific values and formulas related to the bidder's experience, commitments, and financial capabilities.
Technical Capacity
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The required prior work experience for the bidder includes having successfully executed previous contracts, with specific details as follows: - Two similar completed works costing not less than 50% of the estimated cost, - Or one similar completed work costing not less than 80% of the estimated cost. Additionally, the bidder should have experience of having successfully completed similar nature of civil works during the last 7 years, with alternatives such as: - 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. A work experience certificate should not be issued below the rank of Executive Engineer. The bidder is required to provide particulars of previous contracts successfully executed.

Costs

  • EMD

    INR 4,97,000 (USD 5,675)

Description

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