Heavy Engineering Corporation Limited Tender

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The HECL has issued a formal invitation for competitive bids for the Heavy Engineering Corporation Limited project, for CATEGORY: Manpower Outsourcing Services - Minimum wage - Unskilled; Not Required; Non-IT Technical , Manpower Outsourcing Services - Minimum wage - Semi-skilled; Not Required; Non-IT Technical , Manpower Outsourcing Services - Minimum wage - Skilled; Not Required; Non-IT Technical in Ranchi, Jharkhand, with an estimated contract value of Rs. 2,49,06,708. The bid opening date for this tender is 19-02-2025 and the last date for bid submission is 06-03-2025. Interested bidders for Heavy Engineering Corporation Limited tender can download the important documents here to check the scope of work, eligibility criteria and technical requirements.

Heavy Engineering Corporation Limited - HECL Tender

Opening Date19 Feb 2025
Closing DateCancelled
Tender Amount₹ 2,49,06,708.16 

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Technical
Financial
Bid Capacity
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To determine the bid capacity required, we look at the financial requirements and qualifications specified for bidders. 1. Past Experience of Similar Services: The bidder must have successfully executed/completed similar services over the last three years, with specific requirements based on the estimated cost of the services. The requirements are: - Three similar completed services costing not less than 40% of the estimated cost, which is 0.4 * 24906708.16 = 9962683.264. - Two similar completed services costing not less than 50% of the estimated cost, which is 0.5 * 24906708.16 = 12455354.08. - One similar completed service costing not less than 80% of the estimated cost, which is 0.8 * 24906708.16 = 19925366.528. 2. Additional Qualification/Data Required: The bidder should have executed at least a specified number of projects with a contract value not less than a certain amount for each contract of providing manpower services. The specifics are: - Three similar contracts of value each 99.62 Lakhs. - Two similar contracts of value each 124.53 Lakhs. - One similar contract of value each 199.25 Lakhs. 3. Minimum Average Annual Turnover: The minimum average annual turnover of the bidder for 3 years is 75 Lakh. Formula: Average turnover = Total turnover for 3 years / 3. Given these requirements, the bid capacity can be inferred as the ability to fulfill these financial and experiential criteria. The bid capacity required in the given tender includes: 1. Minimum Average Annual Turnover: 75 Lakh (for 3 years) Formula: Average turnover = Total turnover for 3 years / 3 2. Past Experience: - Three similar services with a total value of at least 9962683.264 - Two similar services with a total value of at least 12455354.08 - One similar service with a total value of at least 19925366.528 Since there are specific values and formulas provided that relate to the bid capacity, The answer is: 1. Three similar completed services: 0.4 * 24906708.16 = 9962683.264 2. Two similar completed services: 0.5 * 24906708.16 = 12455354.08 3. One similar completed service: 0.8 * 24906708.16 = 19925366.528 4. Minimum Average Annual Turnover: 75 Lakh, Formula: Average turnover = Total turnover for 3 years / 3.
Technical Capacity
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The required prior work experience for the bidder is 7 years for similar services, with a minimum average annual turnover of 75 lakhs for 3 years. The bidder must have successfully executed/completed similar services over the last three years, with specific requirements including: - Three similar completed services costing not less than 40% of the estimated cost, - Two similar completed services costing not less than 50% of the estimated cost, - One similar completed service costing not less than 80% of the estimated cost. Additionally, the bidder should have executed at least a certain number of projects with contract values as follows: - Three similar contracts of value each 99.62 Lakhs, - Two similar contracts of value each 124.53 Lakhs, - One similar contract of value each 199.25 Lakhs. The experience requirement for the personnel involved in the service is 0 to 3 Years.

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