Roads And Buildings Department Tender

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Roads And Buildings Department Tender

Works
Civil And Construction
Road Construction
Opening Date4 Feb 2025
Closing Date14 Feb 2025
Tender Amount₹ 2,54,57,216.45 

AI Insights

Technical
Financial
Class Of Bidder
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Valid Registration Certificate of “B” Class and above.
Bid Capacity
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The bid capacity required in the given tender to bid is calculated using the formula: Assessed Available Bid Capacity = (A*N*2-B), where A = Maximum value of work executed in any one year during the last five years (updated to the price level of the year indicated in appendix) taking into account the completed as well as works in Progress. B = Value at current price level of the existing commitments and ongoing works to be completed during the next (period of completion of work for which bids are invited); and N = Number of years prescribed for completion of the works for which the bids are invited. Alternatively, it can also be inferred as: Bid Capacity ≥ Evaluated Bid Price Where Evaluated Bid Price is the lowest bid price among all the bidders. However, another interpretation suggests that the bid capacity should be sufficient to cover the evaluated bid price, but the exact formula is not consistently provided across all sources.
Technical Capacity
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The bidder is required to have prior work experience in civil engineering constructions. The bidder should have experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) or airport runway of at least 40 percent of the value of the proposed contract within the last five years. The bidder should have achieved a minimum annual financial turnover of the annual value of the contract applied for in any one year over the last five years. For similar works completed, the bidder should have experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) or airport runway of at least 40 percent of the value of the proposed contract within the last five years. The value of similar works completed is not explicitly mentioned, but the bidder needs to provide information on the value of similar works completed, with a format provided that includes columns for the year, name of the work, name of the employer, quantity of work performed, and remarks. The bidder is also required to provide information on their existing commitments and ongoing works, including the value of the contract, stipulated period of completion, and value of works remaining to be completed. The employer's additional cost for completing the works is 20 percent of the value of the work not completed. The bidder needs to have a minimum cash investment of up to 25% of the value of the work during implementation of the contract. The bill of quantities includes a section on the percentage rate tender, which mentions a value of up to INR 50 Cr. The bidder should submit a certificate from the employers incorporating clearly the name of the work, contract value, billing amount, date of commencement of works, satisfactory performance of the contractor, and any other relevant information. Substantially completed works means those works which are at least 90 percent completed. The bidder is required to provide a performance security of 5% of the contract price.

Costs

Description

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