Irrigation Department Tender
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Technical
Technical
Financial
Bid Capacity
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The bid capacity required to bid includes two key financial criteria: 1. Annual Financial Turnover: The bidder must have an annual financial turnover of not less than the estimated value of work in any one year during the last 5 financial years, updated to the current financial year price level at 7% per annum. The formula to update the annual financial turnover is: Annual Financial Turnover (updated) = Annual Financial Turnover (original) * (1 + 7%)^(current year - year of original turnover). 2. Average Annual Financial Turnover: The bidder must also have an average annual financial turnover of not less than 30% of the estimated value of work during the last 3 years, updated to the current financial year price level at 7% per annum. The formula for the average annual financial turnover is: Average Annual Financial Turnover (updated) = (Sum of Annual Financial Turnover for the last 3 years) / 3 * (1 + 7%)^(current year - year of original turnover). These criteria indicate the financial capacity a bidder must demonstrate to participate in the tender.
Technical Capacity
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The bidder is required to have experience and competence to perform the contract. The experience in similar works should be at least 50% to 80% of the estimated value of work. Additionally, the bidder should have experience of at least 50% and 80% of similar works completed. There is also a mention of adjusting the annual financial turnover by 7% per annum to bring it to the current year price level. However, no specific amount is mentioned for the required prior work experience. The bidder should have average annual financial turnover in Civil works of not less than 30% of estimated value of work during the last 3 years, and not less than the estimated value of work in any one year during the last 5 financial years.
Costs
EMD
INR 13,07,000 (USD 15,114)
Description
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Contact
Tender Id
2025_UPIDC_1007432_1Tender No
15/SE/2024-25Tender Authority
Irrigation Department ViewPurchaser Address
-Website
http://http://idup.gov.in/
Documents