New Okhla Industrial Development Authority Tender
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AI Insights
Technical
Technical
Financial
Bid Capacity
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The bid capacity required in terms of financial capability (solvency) is Rs. 9,954,288.00. The experience criteria are based on the completion of similar works, with specific value conditions for one, two, or three similar completed works. These conditions are: - Three similar works: Each work ≥ Rs. 9,954,288.00
- Two similar works: Each work ≥ Rs. 14,931,432.00
- One similar work: ≥ Rs. 19,908,576.00 Additionally, there's a condition related to the performance guarantee/security deposit, calculated based on the percentage below the B.O.Q rate at which the contractor bids, using the formulas:
- 0.5% per one percent up to 10% below the rate
- 1% per one percent on the rate quoted beyond 10% below the rate Other requirements include an Average annual financial turnover on Construction works of at least 30% of the estimated cost during the last 3 consecutive financial years, and possession of specific equipment for road work. However, the specific bid capacity value in terms of financial capability beyond solvency and experience is not explicitly mentioned.
Technical Capacity
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The required prior work experience for the bidder includes having successfully completed works during the last 7 years. The experience can be in the form of:
* Three similar completed works costing not less than 40% of the estimated cost put to tender, which is 9954288.00 (40% of 24885720.00)
* Two similar completed works costing not less than 60% of the estimated cost put to tender, which is 14931432.00 (60% of 24885720.00)
* One similar completed work of aggregate cost not less than 80% of the estimated cost put to tender, which is 19908576.00 (80% of 24885720.00) The similarity of works is limited to specific types of projects, including C/o Building work, C.C.Road, Footpath, Drain, Box Culvert, Central Verge, Painting works, Ordinary maintenance of road, Building, Boundary wall, Inter locking Tiles, Drain other Cemented work. Experience in Sewer & Jal is not accepted. Additionally, the average annual financial turnover on construction works should be at least 30% of the estimated cost during the immediate last 3 consecutive financial years. The estimated cost put to tender is 24885720.00.
Costs
EMD
INR 5,88,000 (USD 6,800)
Summary
Construction Of Parking Near Round About Sector-62, Noida.
Description
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Contact
Tender Id
2025_NOIDA_1010908_1Tender No
34/GM/SM(NTC)/2024-25Tender Authority
New Okhla Industrial Development Authority ViewPurchaser Address
-Website
http://https://www.noidaauthorityonline.in/