Oil And Natural Gas Corporation Limited Tender

The bidder must have at least 3 years of experience in manufacturing Magnetic Flow meters and should have manufactured and supplied a minimum of 25% of the quoted group of Magnetic Flow meters to offshore/onshore oil & gas installations or refineries or any other hydrocarbon processing plants during the last 7 years. Alternatively, the bidder should have executed at least 2 contracts involving Supply, Installation, and commissioning of piping & instrumentation in specific process systems at offshore oil & gas installations or any other offshore hydrocarbon processing plants during the last 7 years. The bidder is required to have prior work experience in similar nature of works and submit copies of respective contracts/purchase orders or work orders, including relevant pages of scope satisfying the eligibility criteria, along with documentary evidence of satisfactory execution of each of those contracts. The bidder should also provide details of experience and past performance, including works/jobs done of similar nature in the past, and current work in hand and other contractual commitments. The required prior work experience for the bidder includes details of experience and past performance of the bidder and incorporated joint venture partner (in case of joint venture) on works/jobs done of similar nature in the past. Specific values and percentages of similar works completed, such as amount, are mentioned as follows: - 6,51,01,465 INR when bidding for both Group A and Group B in Combination - 2,91,24,340 INR when bidding only for Group A - 3,59,77,125 INR when bidding only for Group B - Net-worth of Bidder should be Positive. Working Capital is also mentioned but the exact value is not provided. The Original Equipment Manufacturer (OEM) should have a minimum of 3 years of manufacturing experience and should have manufactured and supplied a minimum of 25% of the quoted group of each type of item in the last 7 years. No specific amount is mentioned for the OEM, but they need to provide documentary evidence of satisfactory execution of purchase orders. The average turnover from operations for the previous two financial years is considered for the bidder's financial capability. The bidder should also have a positive net worth. The working capital requirement is "Current Assets minus Current liabilities" as per the latest year's audited consolidated annual financial statements. If the bidder's working capital is inadequate, they can make up for the shortfall through a line of credit from a Scheduled Commercial Bank or a foreign bank. The debt-equity ratio is calculated as long-term borrowings divided by net worth.