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 6,69,28,130 (USD 7,72,398)

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 following formulas and values: 1. Assessed Available Bid Capacity = (A x N x 2.0 – B) - A = Maximum 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) 2. Bid Security (EMD) = 2% of Estimated Amount put to bid/tender Additionally, the bid capacity required includes: - 25% of the contract value (Rs. 1,67,32,032/-) for liquid assets and credit facilities - Percentage above or below the estimated rate, with a formula to calculate the net bid amount. Technical capabilities and financial turnover are also considered in determining the bid capacity required.
Technical Capacity
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The bidder is required to have prior work experience, with specific details to be provided. The experience criteria include having successfully completed similar works during the last 5 years, with the following specifications: - 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 earthwork, RCC work, and sludge removal. The experience should be in civil works for any city in India, in government or semi-government departments. In terms of specific values and percentages, the bidder should provide information on the amount of liquidated damages, which shall not exceed 10% of the initial contract price, rounded off to the nearest thousand. The bidder should also provide information on the percentage of work completed, as well as the anticipated date of completion. The bidder should have a Solvency Certificate from a RBI-approved bank for an amount of 15% of the estimated cost put to the tender. The bidder's annual turnover of civil engineering works executed in any one year during the last five years should be considered, with a multiplying factor applied to the turnover of each year. The bidder's available bid capacity at the expected time of bidding should be more than the total estimated cost of the works, and the bid capacity will be more applicable for works costing more than 1 crore. The bidder should give an undertaking that he has access to, or has available, liquid assets (aggregate of working capital, cash in hand, and uncommitted bank guarantees) and/or credit facilities up to 25 percent of the value of the contract/contracts applied, which is Rs. 1,67,32,032. The bidder should provide details of works of similar type and magnitude carried out by them, including: * Three similar works with their cost in Rs. * Two similar works with their cost in Rs. * One similar work with their cost in Rs. The bidder should also provide details of ongoing works, including the work order amount, date of work order, date of completion, percentage of work completed, and reasons for delay.

Costs

  • EMD

    INR 13,38,563 (USD 15,448)

Description

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