KITCO Limited Tender

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KITCO Limited - KITCO Tender

Works
Civil And Construction
Building Construction
Eprocure
Opening Date23 Jan 2025
Closing Soon24 Feb 2025
Tender Amount₹ 3,41,00,000 

AI Insights

Technical
Financial
Class Of Bidder
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The class eligibility requirement is "B" grade for Electrical Contractors.
Bid Capacity
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The bid capacity required can be determined by the bidder's ability to complete similar works and their average annual turnover. For similar works, the bid capacity required can be calculated using the following formulas: 1. Single work: 80% of the Probable Amount of Contract (PAC) 2. Two similar works: 2 * 60% of PAC 3. Three similar works: 3 * 40% of PAC Additionally, the bidder should have an average annual turnover of at least 30% of PAC. The bidder should also possess adequate working capital, which can be calculated using the formula: Working Capital > 0.10 * Probable Estimated Cost of Work, with a value of more than 10% of the probable estimated cost of work. Therefore, the bid capacity required in the given tender can be extracted from the eligibility and qualification criteria for the tenderer, with specific values and formulas provided.
Technical Capacity
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The bidder is required to have prior work experience as a Prime Contractor in similar works, which includes Construction of Multistoried building/ structures including its related electrical, plumbing, firefighting works and allied other service requirements. The required prior work experience for the bidder includes: - Successfully completing at least one similar work costing more than 80% of the Probable Amount of Contract (PAC) of the work during the last seven years. - Alternatively, successfully completing two similar works each costing more than 60% of the PAC of the work during the last seven years. - Or, successfully completing three similar works each costing more than 40% of the PAC of the work during the last seven years. The bidder should also have an average annual turnover not less than 30% of PAC of the work. The experience certificate from the Engineer/ Client for whom the work was done should show details like agreed PAC, completed value of work, start and end date, and whether the work was completed satisfactorily. The bidder needs to provide information such as Employer Name, location, and Type of contract, Name of Engineer responsible for supervision, Contract price and date, Percentage of Participation of company in project, and whether the contract was satisfactorily completed, including time provision for completed projects. For ongoing projects, the bidder needs to provide information such as Employer Name, location, and Type of contract, Name of Engineer responsible for supervision, Contract price and date, Percentage of Participation of company in project, Value of work completed and certified, Percentage of Partial completion, and Scheduled date of completion. The bidder should also provide details of their ongoing works, including the name of work, name of client/Engineer, contract/agreement no and date, Contract amount, start date of work, amount of work completed at the time of bid submission, and probable date of completion.

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