Municipal Corporation Tender
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Municipal Corporation Tender
Works
Civil And Construction
Excavation
Opening Date7 Feb 2025
Closing Date19 Feb 2025
Tender AmountINR 7,49,69,352 (USD 8,65,200)
AI Insights
AI Insights
Technical
Financial
Bid Capacity
The bid capacity required in the given tender to bid can be calculated using the formula:
Assessed Available Bid Capacity = (A x N x 2.0 – B)
Where:
A = Maximum value of annual turnover of Civil engineering works executed in any one year during the last five years (updated to the price level of the year indicated)
N = Number of years prescribed for completion of the works for which bids are invited
B = Value of existing commitments and ongoing works to be completed during the next one year
Alternatively, the bid capacity can also be determined by the financial capacity criteria, including a solvency certificate and cumulative annual turnover.
Additionally, the bidder should have a minimum annual financial turnover and experience in similar works, with specific conditions such as:
- Minimum annual financial turnover: Rs 27.33 Crore
- Experience of similar works:
- Three works with cost >= 40% of estimated cost
- Two works with cost >= 50% of estimated cost
- One work with cost >= 80% of estimated cost
The bidder must also have the capacity to invest a minimum cash up to 25% of the value of the work during implementation of the contract, represented by the formula:
Minimum Cash Investment = 0.25 * Value of the Work.
However, the most relevant formula for calculating the bid capacity is:
Assessed Available Bid Capacity = (A*N*2-B)
Technical Capacity
The bidder is required to have prior work experience as a prime contractor or sub-contractor, although the number of years of experience is not specified. The bidder should have experience of having successfully completed similar works during the last 5 years, with specific experience criteria including:
- 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 bidder must have completed a maximum of 5 works during the last 5 years, with specific quantities of excavation, RCC work, and sludge removal. The bidder should also have a cumulative annual turnover for the last five years and provide details of major contracts executed during these years.
In terms of value and percentage of similar works completed, the bidder is required to provide a list of ongoing works, including the value of the contract, the stipulated period of completion, and the percentage of work completed. The bidder should also provide a list of completed works, including the value of the contract and the actual date of completion.
Specific values and percentages mentioned include:
- 40% of the estimated cost for three similar completed works.
- 50% of the estimated cost for two similar completed works.
- 80% of the estimated cost for one similar completed work.
- 15% of the estimated cost for the solvency certificate.
- 25% of the contract value, which is Rs. 1,87,42,338/-, for access to liquid assets.
- Rs. 1 crore as the threshold for bid capacity applicability.
- Rs. Crore as the format for value of contract.
- Percentage of work completed for ongoing works.
The bidder should provide certificates from the Engineer(s) in-charge to support the information provided, as well as an undertaking that they have access to or have available liquid assets up to 25 percent of the value of the contract. The audited balance sheets for the last seven years should also be submitted to demonstrate the soundness of the applicant's financial position.
Costs
EMD
INR 14,99,387 (USD 17,304)
Description
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Contact
Tender Id
154633Tender No
1124/2024-25Tender Authority
Municipal Corporation ViewPurchaser Address
-Website
https://vmc.gov.in/
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Documents
SBD Technical Bid_South zone.pdf
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