Urban Development Authority Tender

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Urban Development Authority Tender

Works
Civil And Construction
Road Construction
Opening Date12 Feb 2025
Closing Date24 Feb 2025
Tender Amount₹ 2,28,73,729.37 

AI Insights

Technical
Financial
Bid Capacity
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To extract the bid capacity required in the given tender to bid, having value and formulas, we look at the provided details. The bid capacity required to bid for the tender includes two main aspects: 1. Average annual financial turnover: at least 30% of the value of the contract, which is 0.81 Cr (30% of 2.70 Cr including GST). 2. Experience of having successfully completed or substantially completed similar works, with specific options: a. Three similar works costing not less than 40% of the estimated cost (i.e., 1.08 Cr). b. Two similar works costing not less than 50% of the estimated cost (i.e., 1.35 Cr). c. One similar work costing not less than 80% of the estimated cost (i.e., 2.16 Cr). Formulas for similar works experience are: - Option a: 3 works * 40% of estimated cost = 1.08 Cr - Option b: 2 works * 50% of estimated cost = 1.35 Cr - Option c: 1 work * 80% of estimated cost = 2.16 Cr The estimated cost is 2.70 Cr (including GST), and the calculations for similar works experience are as follows: - 40% of 2.70 Cr = 0.4 * 2.70 Cr = 1.08 Cr - 50% of 2.70 Cr = 0.5 * 2.70 Cr = 1.35 Cr - 80% of 2.70 Cr = 0.8 * 2.70 Cr = 2.16 Cr Therefore, the bid capacity required in the given tender to bid, along with the values and formulas, is found as per the above calculations.
Technical Capacity
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The required prior work experience for the bidder includes completion of similar projects in the last 7 years, with details such as project name, description, and value. The bidder should have prior work experience in civil construction works, specifically road works, bridge, and railway over bridge work. The bidder should have completed similar works with a value of at least 25 percent of the estimated cost, which is 0.68 Cr (25% of 2.70 Cr, including GST). Alternatively, the bidder can have completed similar works meeting one of the following conditions: * Three similar works costing not less than 40% of the estimated cost (i.e., 40% of 2.70 Cr. including GST = 1.08 Cr.) * Two similar works costing not less than 50% of the estimated cost (i.e., 50% of 2.70 Cr. including GST = 1.35 Cr.) * One similar work costing not less than 80% of the estimated cost (i.e., 80% of 2.70 Cr. including GST = 2.16 Cr.) The similar works should be substantially completed, meaning at least 90% completed, with a certificate from the employer. The experience can be as a Prime contractor or as a member of Joint Venture, with evaluation in proportion to their participation in the Joint Venture. The bidder should provide information on similar projects executed during the last 5 years, including project name, contract location, nature of work, contract amount, percentage of participation, value of work completed, and evidence provided from the client. The bidder should also provide a summary of current contract commitments and works in progress. Values and percentages mentioned include contract amount in Indian Rupees, percentage of participation in the project, value of work completed and certified in Indian Rupees, and value of contract, stipulated period of completion, value of work completed, and value of works remaining to be completed.

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