Irrigation Department Tender

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Irrigation Department Tender

Works
Civil And Construction
Excavation
Eprocure
Opening Date6 Mar 2025
Closing Soon12 Mar 2025
Tender AmountINR 5,75,23,000 (USD 6,58,457)

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required can be determined using two approaches. Firstly, the bidder should have an average annual financial turnover during the last 3 years of at least 30% of the tendered cost. Given the cost of the work is Rs. 575.23 Lakh, the bid capacity required is 0.3 * 575.23 = Rs. 172.57 Lakh. Secondly, the bid capacity can also 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. However, the specific values for A, N, and B are not provided to calculate the exact bid capacity using this formula. Therefore, the bid capacity required is Rs. 172.57 Lakh, based on the average annual financial turnover criteria.
Technical Capacity
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The bidder should have experience of having successfully completed similar nature of civil works during the last 7 years. The experience requirements include: - 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. The bidder is also required to have prior work experience in civil engineering works, calculated based on the maximum value of civil engineering works executed in any one year during the last five years.

Costs

  • EMD

    INR 11,50,000 (USD 13,164)

Description

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