GAIL India Limited Tender

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GAIL India Limited - GAIL Tender

Works
Energy, Oil and Gas
Eprocure
Opening Date4 Feb 2025
Closing Date19 Feb 2025
Tender Amount₹ 9,67,71,918 
Notes
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Class Of Bidder
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The class eligibility requirements to bid or participate in this tender are 'Class-I local supplier' and 'Class-II local supplier'.
Bid Capacity
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The bid capacity required in the given tender can be determined by the following formulas and conditions: 1. Annual Turnover: Calculated as "Revenue from Operations" as per the Profit & Loss account of audited annual financial statements. 2. Working Capital: Calculated as "Current Assets less Current liabilities". 3. Net Worth: Calculated as the Aggregate value of the paid-up share capital and all reserves created out of profits and securities premium account, after deducting the aggregate value of accumulated losses, deferred expenditure, and miscellaneous expenditure not written off. The specific formulas are: - Annual Turnover = Revenue from Operations - Working Capital = Current Assets - Current liabilities - Net Worth = (Paid-up share capital + Reserves) - (Accumulated losses + Deferred expenditure + Miscellaneous expenditure) Additionally, if the bidder's working capital is negative or inadequate, they shall submit a letter from their bank having a net worth of not less than Rs.100 crores (or equivalent in USD), confirming the availability of a line of credit for the working capital amount mentioned. The line of credit requirement is for the entire working capital requirement, not just the shortfall amount.
Technical Capacity
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The required prior work experience for the bidder includes submission of documents such as a copy of detailed work order along with Schedule of Rates, and a copy of completion certificate issued by the end user/Owner (or their consultant). An execution certificate issued by the end user/owner/authorized consultant can also be considered in place of a completion certificate. The completion/execution certificate(s) should have details like work order no./date, brief scope of work, and completion date. Additionally, experience as a consortium member or as a sub-contractor can be accepted, subject to submission of specified documents. In the case of a foreign-based supporting company, the company should hold more than fifty percent of the paid-up share capital of the bidding company or vice versa, and should meet the technical experience criteria on its own. The required prior work experience for the bidder also includes experience criteria such as: 1. Experience of a single work order with executed value not less than Rs. 913.53 Lakhs 2. Experience of at least two works with executed value of each work not less than Rs. 570.96 Lakhs 3. Experience of at least three completed works with executed value of each work not less than Rs. 456.77 Lakhs The bidder should also have an Average Annual Turnover of Rs. 570.96 Lakhs and a Working capital of Rs. 114.2 Lakhs. A Performance Bank Guarantee equivalent to 50% of the value of the PBG to be submitted by the bidding company is required from the supporting company. No specific percentage of similar works completed is mentioned, except for the 50% Performance Bank Guarantee requirement.

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