Indian Oil Corporation Limited Tender

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Indian Oil Corporation Limited - IOCL Tender

Works
Paints and Enamels
Eprocure
Opening Date19 Feb 2025
Closing Date12 Mar 2025
Tender Amount₹ 4,55,64,318.28 
This is an estimated amount, exact amount may vary.

AI Insights

Technical
Financial
Class Of Bidder
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Class I Local Supplier, although it's not a strict requirement as non-local suppliers and Class II local suppliers can also participate.
Bid Capacity
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The bid capacity required in the given tender to bid having value and formulas is as follows: - Three similar completed works each costing not less than the amount equal to Rs. 1,61,30,000.00 - Or, Two similar completed works each costing not less than the amount equal to Rs. 2,15,07,000.00 - Or, One similar completed work each costing not less than the amount equal to Rs. 2,68,83,000.00 Additionally, the Annual Turnover during any of the last three preceding financial year, ending 31st March 2024 should be at least of Rs. 3,22,60,000.00. The definition of Turnover is Total Revenue as per Schedule III of Companies Act, 2013. The turnover for this purpose should be as per audited financial statements.
Technical Capacity
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The required prior work experience for the bidder includes: - Three similar completed works each costing not less than Rs. 1,61,30,000. - Two similar completed works each costing not less than Rs. 2,15,07,000. - One similar completed work costing not less than Rs. 2,68,83,000. The value of completed works should be inclusive of all taxes. No specific percentage of similar works completed is mentioned. The bidder must have successfully completed "Structural Repair/Restoration/Renovation of RCC framed building with/without allied works." The RCC framed building should have a minimum of 4 storied or above, or a height of 12 meters or above. Additionally, the annual turnover of the bidder during any of the preceding three financial years should be at least Rs. 3,22,60,000.

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