Indian Oil Corporation Limited Tender

The required prior work experience for the bidder includes successfully completing similar works, specifically "Work of Supply and execution of Insulation Works (Hot / Cold) including supply of insulation materials at Petrochemical Industry / Fertilizer Industry / Hydrocarbon Industry / Oil Refineries / Hydrocarbon Storage Terminals". The bidder must have completed either two similar works costing not less than Rs. 163.92 Lac each or one similar work costing not less than Rs. 204.90 Lac within the last 7 years. The total value of each similar work successfully executed should be specified, and the percentage which the total value of the sub-contract bears to the total value of the proposed sub-contract should also be mentioned. Additionally, the bidder should specify whether the highest value of any such work exceeds 80% of the total value of the proposed sub-contract. The bidder's experience criteria shall be based on the estimated cost of work, excluding the cost of AMC/O&M, and the scheduled completion period of construction/supply only. The executed value of completed work submitted by the bidder shall be considered during evaluation for experience criteria. In terms of specific values, the bidder's turnover during the last 3 financial years should be provided, as well as the profit or loss of the proposed sub-contractor during the same period. The finances required to be deployed by the proposed sub-contractor for the performance of the work should also be specified. The value of the proposed sub-contract is not explicitly mentioned, but the bidder should provide the total value of each similar work successfully executed, as well as the percentage of the total value of the sub-contract. The value of the work should be compared to the bidder's turnover for any of the last 3 years, and whether it is higher than the value of the proposed sub-contract. The bidder's experience is considered based on the work order and completion certificate of completed contracts. If the bidder had worked as a leader or member of a Joint Venture/Consortium/Joint Bidder, the work value shall be worked out as per the percentage share of the bidder in the JV/Consortium/Joint bidding agreement. The experience shall be counted for that particular portion of the job executed by the bidder only, as specified in the JV/consortium/joint bidder agreement. The amounts mentioned are Rs. 163.92 Lac and Rs. 204.90 Lac, and the percentage mentioned is 80% of the total value of the proposed sub-contract. The bidder's turnover for the last 3 financial years and the profit or loss of the proposed sub-contractor during the same period should also be provided.