Odisha Lift Irrigation Corporation Limited Tender
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Odisha Lift Irrigation Corporation Limited - OLICL Tender
Works
Excavation
Electrical and Electronics
Electrical Works
Eprocure
Opening Date30 Jan 2025
Closing Date24 Feb 2025
Tender AmountINR 12,77,19,000 (USD 14,77,523)
AI Insights
AI Insights
Technical
Bid Capacity
The bid capacity required in the given tender can be calculated using the formula:
Assessed bid capacity = (2x A x N - B)
Where:
A = maximum value of work executed in any one financial year during last five years (updated to the current price level)
B = value at current price level of the existing commitments and ongoing works to be completed during the period of completion of works for which bids are invited
N = No. of years prescribed for completion of the work for which the bids are invited.
Additionally, the bidder should have a minimum working capital requirement of 20% of the amount put to tender, and the liquid assets and/or availability of credit facilities should be no less than Rs. 255.00 Lakhs.
The qualifying quantity is calculated using the formula:
Qualifying quantity = 0.4 x (estimated quantity of work) x 12 / period of completion
The bidder should also have executed a minimum quantity of similar major items of work in the last five years, which is 40% of the estimated annual quantity of execution.
Therefore, the bid capacity required in the given tender includes:
- Assessed bid capacity = (2x A x N - B)
- Qualifying quantity = 0.4 x (estimated quantity of work) x 12 / period of completion
- Minimum working capital requirement = 20% of the amount put to tender
- Liquid assets and/or availability of credit facilities = no less than Rs. 255.00 Lakhs
- Minimum quantity of similar major items of work executed in the last five years = 40% of the estimated annual quantity of execution.
Technical Capacity
The required prior work experience for the bidder includes satisfactorily completing similar work, which is a composite work of drilling, energization, and commissioning.
In the case of a single prime contractor, the bidder should have completed at least one similar work of value not less than Rs. 511.00 Lakhs, which is 40% of the proposed contract value.
In the case of a joint venture, the bidder or their identified sub-contractor should have satisfactorily completed similar work of value not less than Rs. 204.00 Lakhs for drilling of deep bore wells, and not less than Rs. 307.00 Lakhs for electrical works, which are 40% and 60% of the value mentioned for a single prime contractor, respectively.
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.
Additionally, the bidder needs to furnish work experience for the last 5 years, supported by a certificate from an authority not below the rank of Executive Engineer or any other competent authority. 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 should also have satisfactory completion of similar major items of work, with a minimum quantity of 40% of the estimated annual quantity of execution, in the last five years. The bidder needs to provide proof of completion of such works, and failure to submit proof will result in non-consideration of the tender.
Costs
EMD
INR 12,77,000 (USD 14,773)
Description
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Contact
Tender Id
2025_OLIC_109845_1Tender No
816 DT-27.01.2025Tender Authority
Odisha Lift Irrigation Corporation Limited ViewPurchaser Address
-Website
http://www.odishalift.co.in/
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