Southern Railway Tender

... More
Search from a plethora of business opportunities for Tamil Nadu tenders posted on the eProcurement TamilNadu website and other online and offline sources. Here, on BidAssist, you can find the best tender opportunities to boost your enterprise by finding work in Tamil Nadu government tenders, PSUs, Municipal Corporations and more. Read on to learn about the bidder registration process, DSC and more.

Southern Railway - SR Tender

Services
GEM
Opening Date24 Feb 2025
Closing Date17 Mar 2025
Tender AmountINR 3,69,53,116 (USD 4,27,324)

AI Insights

Technical
Financial
Bid Capacity
... View More
The bid capacity required in the given tender has multiple components and formulas. For Financial Turnover, the bidder should have an aggregate financial turnover not less than 1.5 times the advertised Bid value during the last three previous financial years and in the current financial year up to the date of opening of the tender. The formula for this can be represented as: Bid Capacity Required = 1.5 * Advertised Bid Value For Liquidity, the bidder should have access to or has available liquid assets, lines of credit, and other financial means to meet cash flow that is valued at 5% of the estimated bid value net of applicant's commitments for other contracts. Additionally, the bidder should have satisfactorily completed one similar single service contract for a minimum of 35% of the advertised value of the bid. The formula for calculating this is: Bid Capacity Required = 0.35 * Advertised Value of the Bid In the case of a Joint Venture (JV) firm, the overall liquidity of the JV firm shall be assessed by the arithmetic sum of the liquidity of all members of the JV. The liquidity of each member can be calculated using the formula: Liquidity = Net Current Assets + Banking references (if Net Current Assets are positive) Liquidity = Banking references (if Net Current Assets are negative) The average annual turnover of a Joint Venture (JV) can be calculated using the formula: Average annual turnover of JV = (AM + BN)/100, where A is the average annual turnover of member 1, B is the average annual turnover of member 2, M is the percentage participation of member 1, and N is the percentage participation of member 2. One of the sources also mentions a specific bid capacity required value of 12928670.6, calculated as 35% of the advertised value of the bid, which is 36953116.
Technical Capacity
... View More
The required prior work experience for the bidder includes having executed similar works, with the value of successfully completed portion of any ongoing work considered for qualification of work experience criteria. The bidder should have satisfactorily completed in the last three previous financial years, one similar single service contract for a minimum of 35% of advertised value of the bid. The similar service contract includes specific services such as "Mechanized cleaning of Railway coaches" or "Mechanized cleaning in any Railway stations, Airports, PSUs, or Central/State government establishments". The value of similar work completed should be at least 35% of the advertised value of the bid, which is 36953116. Therefore, the value of similar work completed should be at least 35% of 36953116, which is 12943320.56. The work experience certificate should be from a Government Organization or a Public listed company having an average annual turnover of Rs.500 crores and above. The bidder should upload details of work executed by them, including completion certificates, actual completion cost, and actual date of completion, to be considered for qualification of work experience criteria. In joint ventures or consortia, the value of work as per their percentage participation shall be considered. The average annual turnover of the JV will be based on the percentage participation of each member. Execution/Completion certificates from the client are mandatory, and only letter of acceptance or contract orders/agreements will not be considered for past experience of similar services. The scope of work should be clearly mentioned in the experience certificates. The bidder should have a work experience certificate issued by any government organization or a public listed company having an average annual turnover of Rs.500 crores and above in the last 3 financial years. The certificate should be issued by a person authorized by the public listed company to issue such certificates. The required prior work experience for the bidder is not explicitly mentioned in terms of years. However, the bidder needs to provide "Experience Criteria" and "Bidder Turnover" as part of the required documents. The "Experience Criteria" is listed as a required document from the seller. The value and percentage of similar works completed are 12943320.56 and 35% respectively. The amount is 36953116 and the percentage is 35%.

Costs

  • EMD

    INR 3,34,770 (USD 3,871)

Description

Unlock the Tender details for free
Scription for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user this is tender description for unregistered user

Contact

Unlock the Tender details for free
Disclaimer: BidAssist has made every reasonable effort to ensure that the information is accurate and authentic however it cannot be held liable for any third-party claims or losses of any damages. BidAssist makes no warranty, expressed or implied, as to the results obtained from the use of the information. If you think you may have noticed any error or omission, please let us know by contacting contact@bidassist.com.