Municipal Corporation Tender

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Municipal Corporation Tender

Works
Civil And Construction
Excavation
Opening Date25 Feb 2025
Closing Soon5 Mar 2025
Tender AmountINR 2,33,76,038 (USD 2,70,319)

AI Insights

Technical
Financial
Bid Capacity
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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 = Max. value of annual turnover of Civil engineering works executed in any one year during the last five years (updated 2024-25 price level) N = No. of years (i.e. 0.27 year) prescribed for completion of the works for which bids are invited (100 days) B = Value of 2024-25 price level of existing commitments and ongoing works to be completed during the next one year (Period of completion of works bids are invited) Additionally, the bidder should have a minimum annual financial turnover of Rs 8.50 Crore in any one year, over the last five years, and meet specific experience requirements for similar works completed in the last 5 years. The Bid Security (EMD) is equal to 2% of the Estimated Amount put to bid/tender, and the Additional Performance Security is 20% of the difference in the Estimated Project Cost and Contract Price (if applicable).
Technical Capacity
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The required prior work experience for the bidder includes having successfully completed similar works during the last 5 years. The similar works can be either: - 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. Substantially completed works mean those works which are at least 90% completed. The bidder should have a minimum turnover of Rs 8.50 Crore in any one year, over the last five years. The bidder needs to provide information on: - Three similar works with their costs in Rs. - Two similar works with their costs in Rs. - One similar work with its cost in Rs. - Percentage of work completed for ongoing works, with columns for physical and financial percentages. The bidder should provide completion certificates for similar works, including the name of the work, place, tendered cost, and time taken to complete. The bidder should also provide details of ongoing works, including the name of the work, work order amount, date of work order, expected completion date, percentage of work completed, and reasons for delay. The amount and percentage values are to be filled in by the bidder. The estimated cost and the stipulated date and period of completion are also mentioned. The bidder should have access to liquid assets or credit facilities up to 25% of the value of the contract, which is Rs 5844009/-.

Costs

  • EMD

    INR 4,67,521 (USD 5,406)

Description

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