NLC India Limited Tender

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NLC India Limited - NLC Tender

Services
Machinery and Tools
GEM
Opening Date25 Feb 2025
Closing Date18 Mar 2025
Tender AmountINR 2,14,61,390.36 (USD 2,48,178)

AI Insights

Technical
Financial
Bid Capacity
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To determine the bid capacity required, we look at the specified financial criteria and technical requirements. The financial criteria include an average annual turnover of not less than Rs. 59.00 lakhs for the 3 financial years immediately preceding the original Scheduled Tender Opening date, and the bidder must have a positive Net worth as per their latest audited financial statement. The technical requirements are met if the bidder has executed: - One work of value not less than Rs. 145.50 lakhs excluding GST in a single contract, - Or two works of value each not less than Rs. 90.93 lakhs excluding GST in two contracts, - Or three works of value each not less than Rs. 72.75 lakhs excluding GST in three contracts. Formulas for calculating average annual turnover are provided for cases where audited financial statements for three consecutive years are not available. Given these requirements, the bid capacity can be summarized as follows: 1. Financial Capacity: Average Annual turnover ≥ Rs. 59.00 lakhs, Positive Net worth. 2. Technical Capacity: - Option a: ≥ Rs. 145.50 lakhs for one work. - Option b: ≥ Rs. 90.93 lakhs each for two works. - Option c: ≥ Rs. 72.75 lakhs each for three works. The bid capacity required involves both financial and technical aspects, with specific values and formulas provided for calculation when necessary.
Technical Capacity
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The required prior work experience for the bidder is as follows: - One work of executed value not less than Rs. 145.50 lakhs excluding GST in a single Contract agreement / work order. - Alternatively, two works of executed value each not less than Rs. 90.93 lakhs excluding GST in two Contract agreements / work orders. - Or, three works of executed value each not less than Rs. 72.75 lakhs excluding GST in three Contract agreements / work orders. The bidder should have executed any work within the last 7 years prior to the original scheduled date of Tender opening. No specific percentage of similar works completed is mentioned. However, the bidder's average annual turnover for the 3 financial years immediately preceding the original Scheduled Tender Opening date should not be less than Rs. 59.00 lakhs. The bidder shall have positive Net worth as per their latest audited financial statement. No specific information on the value and percentage of similar works completed is available.

Costs

  • EMD

    INR 3,01,000 (USD 3,481)

Description

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