Northern Railway Tender

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Northern Railway - NR Tender

Services
GEM
Opening Date30 Jan 2025
Closing Date21 Feb 2025
Tender AmountINR 3,20,83,057.5 (USD 3,71,154)

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required can be determined using the following formulas and values: 1. For three similar services: 0.4 * Estimated Bid Value = 0.4 * 32083057.5 = 12833323 2. For two similar services: 0.5 * Estimated Bid Value = 0.5 * 32083057.5 = 16041528.75 3. For one similar service: 0.8 * Estimated Bid Value = 0.8 * 32083057.5 = 25666446 Alternatively, the bid capacity can also be considered in terms of financial requirements, including: - Minimum Average Annual Turnover: 161 Lakh (s) - EMD Amount: 310420 - ePBG Percentage and Duration: 5.00% for 26 months Additionally, based on past experience criteria for similar services with an estimated cost of 161 Lakh (s), the bid capacity required can be calculated as: - For three similar services: 0.4 * 161 Lakh = 64.4 Lakh - For two similar services: 0.5 * 161 Lakh = 80.5 Lakh These values and formulas provide the basis for determining the bid capacity required in the given tender.
Technical Capacity
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The required prior work experience for the bidder includes having successfully executed or completed similar services over the last three years. The specific requirements are as follows: 1. Three similar completed services costing not less than 40% of the estimated cost, 2. Two similar completed services costing not less than 50% of the estimated cost, and 3. One similar completed service costing not less than 80% of the estimated cost. The estimated cost is 32083057.5. So the values are: - 40% of the estimated cost for three similar services, which is 0.4 * 32083057.5 = 12833323 - 50% of the estimated cost for two similar services, which is 0.5 * 32083057.5 = 16041528.75 - 80% of the estimated cost for one similar service, which is 0.8 * 32083057.5 = 25666446 Additionally, the bidder is required to have prior experience in similar services. The value of similar works completed is 161 Lakh. The bidder must upload documentary evidence of this experience with the bid.

Costs

  • EMD

    INR 3,10,420 (USD 3,591)

Description

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