Roads And Buildings Department Tender

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Roads And Buildings Department Tender

Works
Opening Date3 Feb 2025
Closing Date11 Feb 2025
Tender AmountINR 2,62,06,839.19 (USD 3,02,446)

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required can be calculated using the formula: Assessed Available Bid Capacity = (A*N*2-B), where A is the maximum value of work executed in any one year during the last five years, B is the value of existing commitments and ongoing works, and N is the number of years prescribed for completion of the works. To determine the bid capacity, one needs to consider the maximum value of work executed, the value of existing commitments, and the number of years for completion. The available bid capacity must be more than the total estimated cost of the works for a bidder to be qualified. Additionally, the annual financial turnover and experience in successfully completing contracts are crucial factors. The bidder must have achieved a minimum annual financial turnover that matches the annual value of the contract and have experience in completing at least one contract of a similar nature with a value of at least 40% of the proposed contract within the last five years. Formulas for adjusted annual turnover and adjusted value of completed contracts are also provided, which involve enhancement factors for different financial years and current market exchange rates for foreign currency contracts. However, the exact bid capacity required in terms of a specific value cannot be calculated without knowing the value of the contract being applied for and the bidder's financial data. Given the information, the closest relevant detail related to bid capacity is the formula provided, but without specific contract values or financial data, the exact bid capacity cannot be determined. Therefore, the bid capacity required involves demonstrating a minimum annual financial turnover and completion of similar contracts, with a formula provided for calculation, but the specific value and exact bid capacity required cannot be calculated without further details.
Technical Capacity
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The required prior work experience for the bidder includes having experience in civil engineering constructions, with a total value of work performed in the last five years. The bidder should have experience as a prime contractor or nominated sub-contractor, with the sub-contract involving execution of all main items of work described in the bid documents. The bidder should provide information on the quantities of work executed, including Cement Concrete, Masonry, Earth Works, and Bituminous Work. They should also provide details of projects completed, including project name, employer, description of work, contract number, value of contract, and dates of completion. Regarding similar works completed, the bidder is required to provide information on their experience in similar works, including the value of such works. However, there is no specific percentage of similar works completed mentioned. The bidder should have achieved a minimum annual financial turnover in any one year, over the last five years, of the annual value of the contract or contracts applied for. They should also have experience in successfully completing or substantially completing at least one contract of highway or airport runway of at least 40 percent of the value of the proposed contract within the last five years. The substantially completed works should be at least 90% completed, with a gross value of work done up to the last date of submission being 90% or more of the original contract price. The lead partner of a joint venture must meet not less than 50 percent of all criteria given, and the joint venture must collectively satisfy the criteria. The experience of the other joint venture partners shall be considered if it is not less than 30 percent of the qualifying criteria. The bidder is also required to provide an undertaking to invest a minimum of 25% of the value of the work during implementation of the contract.

Costs

  • EMD

    INR 2,63,000 (USD 3,035)

Description

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Contact

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