Ircon International Limited Tender
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Class Of Bidder
The class eligibility requirement to bid or participate in this tender is Class-I local vendor and Class-II local vendor.
Bid Capacity
To determine the bid capacity required, we look at the essential qualifying criteria.
For experience, the bid capacity required can be formulated as follows:
- Minimum of 30% * Estimated Cost (for three similar works)
- Minimum of 40% * Estimated Cost (for two similar works)
- Minimum of 60% * Estimated Cost (for one similar work)
For average annual financial turnover:
- Minimum of 30% * Estimated Cost
For net worth:
- Minimum of 10% * Estimated Cost
These formulas indicate the requirements for bid capacity in terms of percentages of the estimated cost. However, without the exact estimated cost, we cannot calculate a specific value.
Therefore, the bid capacity required involves formulas rather than a single value, indicating the requirements for bid capacity in terms of percentages of the estimated cost.
Technical Capacity
The bidder should possess experience of having successfully completed or substantially completed similar works during the last 7-years. The similar works can be any of the following:
- Three similar works, each of value not less than 30% of the estimated cost put to tender,
- Two similar works, each of value not less than 40% of the estimated cost,
- One similar work of value not less than 60% of the estimated cost.
The bidder's net worth should be at least 10% of the estimated cost of the work. The bidder should submit completion certificates for having successfully completed similar works in the last 7 years, with a minimum of 3 completion certificates. The value of work executed should be supported by Tax Deducted at Source (TDS) Certificates or Copies of GSTR-1/GSTR 3B.
Costs
EMD
₹ 8,28,000Document Cost
₹ 20,000Tender Fee
Refer Documents
Summary
Construction Of Boundary Wall At Msme Technology Centers At Bokaro, Rourkela And Bilaspur
Description
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Contact
Tender Id
2025_IRCON_225793_1Tender No
IRCON/B1100009/ MSME /e-Tender/ Boundary Wall/ PKG-2/ET31Tender Authority
Ircon International Limited ViewPurchaser Address
-Website
https://www.ircon.org/Package Tenders
IRCON/B1100009/ MSME /e-Tender/ Boundary Wall/ PKG-3/ET32IRCON/B1100009/ MSME /e-Tender/ Boundary Wall/ PKG-1/ET30...more
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