Irrigation Department Tender

The class eligibility requirement to bid or participate in this tender is that the contractors should be registered under the prescribed category or above with reference to the concerned lot, but the specific class of contractor is not explicitly mentioned.

The bid capacity required in the given tender to bid is 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 (updated by giving 8% simple weightage per year to bring them to Current Financial Year price level) taking into account the completed as well as works in progress. N = Number of years prescribed for completion of the works for which tenders are invited (period up to 6 months to be taken as half-year and more than 6 months as one year). B = Value of existing commitments i.e. agreemented works with agreement number & year and ongoing works with agreement number & year to be completed during the period of completion of the project for which tenders are invited. The condition for bid capacity is: (2AN-B) > Estimated Value of the work. Additionally, there are other criteria for bid capacity, including: 1. Turnover: Average Annual Turnover ≥ 0.3 * COST OF WORK (without G.S.T) during the last 3 years, ending 31st March of the previous financial year 2024. 2. Financial Soundness (Profitability): The bidder should submit audited financial statements to demonstrate the current soundness of the Bidder's financial position and its prospective long-term profitability. 3. Similar Work: The bidder should have executed similar work. Note that the earnest money deposit requirements also provide an indirect indication of bid capacity, with varying deposit amounts based on the tender amount.