Rural Engineering Department Tender
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Technical
Technical
Bid Capacity
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The bid capacity required can be calculated using the formula: Assessed Available Bid capacity = (A*N*M - B), where A = Maximum value of Turn Over in any one year during the last five years, N = Number of years prescribed for completion of the works, M = 2.5, and B = Value of existing commitments and on-going works to be completed during the period of completion of the works. The bidder's available bid capacity for construction work should be equal to or more than the total bid value. To qualify, the bidder should have achieved a minimum financial turnover of at least the amount equal to the estimated cost of works, with at least 50% from civil engineering construction works, indexed at 8% per year. The bidder must also have satisfactorily completed a similar work, have liquid assets and/or credit facilities of not less than 10% of the contract value, and undertake to invest a minimum of 10% of the contract price. Given the provided details, the key components for calculating bid capacity include the maximum turnover in the last five years, the number of years for completion, and the value of existing commitments. However, without specific values for some variables, the exact bid capacity calculation cannot be fully determined. The formula provided is Assessed Available Bid capacity = (A*N*M - B), with A, N, M, and B defined as follows: A = Maximum value of Turn Over in any one year during the last five years as certified by Chartered Accountant, N = Number of years prescribed for completion of the works for which bids are invited, M = 2.5, B = Value, at the current price level, of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. Thus, the bid capacity required in the given tender involves calculating the assessed available bid capacity using the provided formula and ensuring it meets or exceeds the total bid value, considering the financial turnover, similar work completion, credit facilities, and investment capability requirements.
Technical Capacity
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The required prior work experience for the bidder includes having executed works of a similar nature and volume over the last five years, with at least 50% of the turnover coming from Civil Engineering construction works. The bidder should have satisfactorily completed as a prime contractor at least one similar work of value equal to one-third of the bid value, excluding maintenance cost. The value of similar work completed should be equal to one-third of the bid value. The bidder should have achieved a minimum annual financial turnover, with at least 50% of which is from civil engineering construction works, in any one year in the last five years, with a volume equal to 100% of the estimated value of work updated to the current price level. The bidder needs to provide information on their experience in works of a similar nature and size for each of the last five years. The bidder should have completed similar works, but specific details on the required prior work experience are not provided, except that the bidder should have completed at least one similar work. The percentage of similar work completed is not explicitly mentioned, but the bidder needs to expend at least 10% of the package value from their own resources. The bidder also needs to invest a minimum cash up to 25% of the value of the work during the implementation of the contract. The bidder's available bid capacity for construction work is calculated based on their maximum turnover in any one year during the last five years, with at least 50% of the works being civil engineering works. The turnover value is updated to the current price level at a rate of 8% per year. The value of completed works shall be brought to the current costing level by enhancing at a simple rate of 10% per annum.
Costs
EMD
INR 13,52,000 (USD 15,634)
Description
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Contact
Tender Id
2025_REDUP_1011161_1Tender No
1667/SE/RED/MRT/Dt- 31.12.2024Tender Authority
Rural Engineering Department ViewPurchaser Address
-Website
http://http://upred.gov.in/