Northeast Frontier Railway Tender
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Technical
Financial
Additional Eligibility
Bid Capacity
The bid capacity required in the given tender can be calculated using two different approaches, with the first approach providing a formula for the minimum average annual contractual turnover and the second approach providing a direct formula for available bid capacity.
The first formula for minimum average annual contractual turnover is:
Minimum average annual contractual turnover = V/N or "V" whichever is less
Where:
V = Advertised value of the tender in crores of Rupees
N = Number of years prescribed for completion of work for which bids have been invited
This can also be calculated as:
Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3
The second formula for available bid capacity is:
Available Bid Capacity = [A x N x 2] – 0.33xNxB
Where:
A = Maximum value of construction works executed and payment received in any one of the previous three financial years or the current financial year (up to date of inviting tender)
N = Number of years prescribed for completion of work for which bids have been invited
B = Existing commitments and balance amount of ongoing works with the tenderer
The tenderer's available bid capacity should be equal to or more than the total bid value of the present tender.
Technical Capacity
The required prior work experience for the bidder includes:
- Three similar works each costing not less than 30% of the advertised value of the tender.
- Two similar works each costing not less than 40% of the advertised value of the tender.
- One similar work costing not less than 60% of the advertised value of the tender.
In the case of composite works, the tenderer must have successfully completed or substantially completed any one of the following categories of work(s) during the last 7 years:
- Three similar works each costing not less than 30% of the advertised value of each component of the tender.
- Two similar works each costing not less than 40% of the advertised value of each component of the tender.
The values and percentages mentioned are:
- 30% of the advertised value of the tender
- 40% of the advertised value of the tender
- 60% of the advertised value of the tender
- 90% of the present contract value (excluding payment made for adjustment of Price variation) for substantially completed work.
- 35% value of the work to be subletted for subletting of work.
Costs
EMD
INR 2,54,200 (USD 2,917)
Description
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Contact
Tender Id
N-2024-25-TSK-T-23-TINSUKIA DIVISION-S AND T/N F RLYTender No
N-2024-25-TSK-T-23Tender Authority
Northeast Frontier Railway ViewPurchaser Address
-Website
ireps.gov.in
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