Odisha Lift Irrigation Corporation Limited Tender

The required prior work experience for the bidder includes satisfactorily completing similar work as a prime contractor of at least one similar work of value not less than Rs. 373.00 Lakhs, which is 40% of the proposed contract value. In case of a joint venture, the bidder or their identified sub-contractor should have satisfactorily completed similar work of value not less than Rs. 149.00 lakh, which is 40% of the value mentioned above. The bidder or their identified sub-contractor should also possess a required valid electrical license and should have executed similar electrical works of value not less than Rs. 224.00 Lakh, which is 60% of the value mentioned above. A weightage of 10% per year shall be given on the cost of satisfactory completed works of previous years to bring them to the current price level. The bidder must demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages. The assessed bid capacity is calculated as (2x A x N - B), where A is the maximum value of work executed in any one financial year during the last five years, updated to the current price level with a 10% escalation factor per year. The bidder should have executed a minimum quantity of similar major items of work, which is 40% of the estimated annual quantity of execution. The qualifying quantity can be calculated as 0.4 x (estimated quantity of work) x 12 months/period of completion. The bidder should have satisfactory completion of similar works in the last 5 years, with a weightage of 10% per year given on the cost of satisfactory completed works of previous years to bring them to the current price level. The bidder should have a minimum working capital requirement of 20% of the amount put to tender, with a credit facility of not less than Rs. 186.00 Lakhs. Values and percentages mentioned include: - Rs. 373.00 Lakhs (40% of the proposed contract value) - Rs. 149.00 lakh (40% of the value mentioned above) - Rs. 224.00 Lakh (60% of the value mentioned above) - 40% of the estimated annual quantity of execution - 10% per year weightage on the cost of satisfactory completed works of previous years - 20% of the amount put to tender (minimum working capital requirement) - Rs. 186.00 Lakhs (minimum credit facility)