Local Self Government Department Tender
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Local Self Government Department - LSGD Tender
Works
Civil And Construction
Road Construction
Eprocure
Opening Date7 Feb 2025
Closing Date25 Feb 2025
Tender AmountINR 6,76,15,156 (USD 7,80,327)
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AI Insights
Technical
Financial
Bid Capacity
The Bidder should possess adequate working capital of more than 10% of the probable estimated cost of work for which he is bidding.
Formula: Working Capital > 0.10 * Probable Estimated Cost of Work
Additionally, the annual financial turnover during the last 5 years, ending 31st March of the previous financial year, is also considered, with a weightage of 5% per year to bring them at the current price level.
Formula: Weighted Annual Financial Turnover = (Annual Financial Turnover of each year) * (1 + 0.05)^n, where n is the number of years from the current year.
Also, the bidder must have experience as a prime contractor in successfully completing at least one similar work costing more than 40% of the estimated cost of the work put to tender, for Government/Semi-Government clients during the last five years.
Technical Capacity
The bidder must have experience of having successfully completed at least one similar work costing more than 40% of the estimated cost of work put to tender, for Government/Semi Government Clients during the last 5 years. The similar nature of works should be of the same nature and type of the work tendered.
In terms of specific values, the bidder should have completed a work with a value of at least 40% of the estimated cost of the work being tendered. For example, if the estimated cost of the work is 100 units, the bidder should have completed a similar work with a value of at least 40 units.
The bidder is required to provide details of relevant works completed over the last six years, including the contract price, date, and percentage of participation in the project. The bidder should also provide information on the value of work completed and certified, as well as the scheduled date of completion.
The bidder should provide a certificate containing details such as the name of the work, agreement number, estimated cost, contract price, date of start and completion, and the completed amount of work.
However, it is also mentioned that no specific amount or percentage is mentioned as a requirement for the bidder's prior work experience in some cases, but the general requirement is to have completed a similar work with a value of at least 40% of the estimated cost of the work being tendered.
Costs
EMD
INR 2,00,000 (USD 2,308)
Description
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Contact
Tender Id
2024_LSGD_711494_2Tender No
03/EE/BUDGET/2024-25Tender Authority
Local Self Government Department ViewPurchaser Address
-Website
https://lsgkerala.gov.in/
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Documents
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