Kumaon Mandal Vikas Nigam Limited Tender

View complete overview of Uttarakhand Kumaon Mandal Vikas Nigam Limited Tender

Kumaon Mandal Vikas Nigam Limited Tender

Services
Minerals and Mining
Eprocure
Opening Date29 Jan 2025
Closing Soon4 Feb 2025
Tender AmountINR 3,81,24,000 (USD 4,41,039)

AI Insights

Technical
Financial
Class Of Bidder
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Class I, Class II, and Class III.
Bid Capacity
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The bid capacity required can be calculated using the formula: Bid Capacity = 0.0625 x Total Value of Tender, which is 6.25% of the total value of the tender. However, the exact value is not provided. Alternatively, another formula mentioned is Bid Capacity = (Bid Value * 3) + (Bid Value * 0.25), but the exact relationship and values are not clear. Specific values mentioned include 25% of the Earnest Money, equivalent to 2.5 lakhs or 30,000, but the exact relationship is not clear.
Technical Capacity
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The required prior work experience for the bidder is not explicitly mentioned in terms of years, but it is mentioned that the bidder should have completed similar works. The value and percentage of similar works completed are mentioned as follows: * The bidder should have completed at least 25% of the similar work in the last 3 years, with an amount of at least 30,000-00 (likely in the local currency) or Rs. 141-20 (Rupees one lakh forty-one thousand and twenty) or Rs. 1 lakh for each similar work completed. * The bidder should have experience in works of similar nature and value, with a minimum of three similar works completed in the last five years, and a minimum turnover of Rs. 10 lakhs in the last three financial years. * The bidder should have completed similar works with a value of at least 25% of the estimated cost of the work, and the total value of these works should be at least 25% of the estimated cost of the work. * In some cases, the bidder should have completed at least 30% of the similar work in the last 3 years, or completed similar works with an amount of at least the current bid amount. The specific values mentioned are: - Earnest Money Deposit (EMD): 25% of the total contract value - Security Money: 25% of the similar work completed in the last 3 years - Solvency Certificate: at least 3 times the EMD - Net Worth: at least the value of the EMD - Minimum turnover: Rs. 10 lakhs in the last three financial years - Minimum value of each similar work: Rs. 1 lakh - Minimum number of similar works: three similar works completed in the last five years.

Costs

  • EMD

    INR 19,06,200 (USD 22,052)

Description

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Contact

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