Municipal Corporation Tender

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Municipal Corporation Tender

Works
Civil And Construction
Bridge Construction
Opening Date28 Jan 2025
Closing Date11 Feb 2025
Tender Amount₹ 5,77,69,949.46 

AI Insights

Technical
Financial
Class Of Bidder
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The class eligibility requirement to bid or participate in this tender is "A" Class or equivalent.
Bid Capacity
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To extract the bid capacity required, we look at specific financial requirements or formulas indicating the minimum capacity a bidder must have. The average annual financial turnover during the last 3 years should be at least 30% of the estimated cost, which is Rs. 1.73 Crores, calculated as 0.3 * Rs. 5.78 Crores. Experience requirements include having successfully completed similar works with costs of either 40% (Rs. 2.31 Crores), 50% (Rs. 2.89 Crores), or 80% (Rs. 4.62 Crores) of the estimated cost. A solvency certificate amounting to 40% of the estimated cost, which is Rs. 2.31 Crores, is also required. Formulas for these requirements are: 1. Minimum Average Annual Turnover = 0.3 * Estimated Cost 2. Minimum Cost for Three Similar Works = 0.4 * Estimated Cost 3. Minimum Cost for Two Similar Works = 0.5 * Estimated Cost 4. Minimum Cost for One Similar Work = 0.8 * Estimated Cost 5. Solvency Certificate Amount = 0.4 * Estimated Cost Given these details, the bid capacity required includes specific values and formulas related to financial turnover, experience, and solvency certificates.
Technical Capacity
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The required prior work experience for the bidder includes: - Project Engineers / Supervisors with more than 10 years of experience - Experts from other disciplines with more than 10 years of experience - Project Manager with more than 10 years of experience in Bridges / Flyover Repair The bidder should have completed bridge repair works in the last seven years. The value and percentage of similar works completed are as follows: - Three similar completed works costing not less than 40% of the estimated cost (i.e., 40% of Rs. 5.78 Crores = Rs. 2.31 Crores) - Two similar completed works costing not less than 50% of the estimated cost (i.e., 50% of Rs. 5.78 Crores = Rs. 2.89 Crores) - One similar completed work costing not less than 80% of the estimated cost (i.e., 80% of Rs. 5.78 Crores = Rs. 4.62 Crores) The bidder should have experience of working on projects up to Rs. 2.31 Crores. The bidder's average annual financial turnover during the last 3 years should be at least 30% of the estimated cost. The percentage of similar works completed should be at least 90% for substantially completed works. The bidder should have completed similar works with a value of at least 30% of the estimated cost, which translates to: - At least 30% of Rs. 2.31 Crores for works valued up to Rs. 2.31 Crores - At least 30% of Rs. 2.89 Crore for works valued between Rs. 2.31 Crores and Rs. 2.89 Crore - At least 30% of Rs. 4.62 Crore for works valued between Rs. 2.89 Crore and Rs. 4.62 Crore The bidder should provide details of bridge repair works completed, including the estimated cost of work, tendered amount, actual amount of work completed, and percentage rate and amount of penalty.

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