National Rural Employment Programme Tender
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National Rural Employment Programme - NREP Tender
Works
Civil And Construction
Road Construction
Eprocure
Opening Date20 Feb 2025
Closing Date8 Mar 2025
Tender AmountINR 3,04,16,053 (USD 3,50,503)
AI Insights
AI Insights
Technical
Financial
Class Of Bidder
specific class of contractor in Jharkhand, RWD/RCD
Bid Capacity
To determine the bid capacity required in the given tender, we consider two key components: the minimum annual financial turnover and the minimum cash requirement.
1. Minimum Annual Financial Turnover: This is calculated as 1.5 times the estimated cost of the project. However, without the exact estimated cost of the project, we cannot calculate a specific value for this component. The formula is:
- Minimum Annual Financial Turnover = 1.5 * Estimated Cost of the Project
2. Minimum Cash Requirement: This is defined as 10% of the tender amount. The formula for this is:
- Minimum Cash Requirement = 0.1 * Tender Amount
Additionally, the security money, which is related to the bid capacity, is calculated as 10% of the agreement value of the work, with at least half of this amount, inclusive of the earnest money (Rs. 5,000), to be deposited by the tenderer within the notified time. The formulas for security money are:
- Security Money = 0.1 * Agreement Value
- Minimum Security Money to be deposited = (0.1 * Agreement Value)/2 + 5000
Given these formulas and the absence of specific values for the estimated cost of the project and the agreement value, we have identified the formulas that define the bid capacity required in the given tender.
Technical Capacity
The bidder is required to have prior work experience in construction works of a similar nature and volume. For tender amounts more than 2.5 cr, the bidder should have executed and received payments for civil engineering construction work in the last five years preceding the year in which bids are invited.
The bidder should have completed at least one work of similar nature with a value of not less than 50% of the estimated value of the work tendered in the last three years preceding the year in which the tender is invited.
Additionally, the bidder should have performed work as a prime contractor on construction works of a similar nature and volume over the last five years preceding the year in which bids are invited, with the value of the contract, contract number, date of issue of work order, stipulated date of completion, actual date of completion, and up-to-date value of work done mentioned for each work.
The bidder should also have achieved a minimum annual financial turnover of an amount in any one year, usually not less than one and a half times the estimated cost of the project.
The value of similar works is required to be at least 50% of the estimated value of the work tendered. The bidder needs to provide a certificate of completion of works, including the value of work done, issued by the Employer or Engineer-in-Charge.
The bidder should provide proof of completion of similar works during the last five years, along with a list of similar works in hand. A certificate of annual turnover, P&L account, and balance sheet from a Chartered Accountant is also required.
The bidder should have access to financial resources, which is 10% of the amount of the Bill of Quantities (BOQ), to meet the qualification requirements.
No specific percentage of similar works completed is mentioned, other than the requirement of at least one work of similar nature with a value of not less than 50% of the estimated value of the work tendered.
Costs
EMD
INR 6,08,400 (USD 7,011)
Description
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Contact
Tender Id
2025_NREPH_98668_1Tender No
NREP/HAZARIBAG/16/2024 - 25 (GROUP NO. - 01)Tender Authority
National Rural Employment Programme ViewPurchaser Address
-Website
jharkhandtenders.gov.in
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