Indian Oil Corporation Limited Tender

The required prior work experience for the bidder is that they should have completed similar work as a main contractor or sub-contractor during the last 7 years. The similar works are defined as experience in operation, maintenance, mechanical installation, or commissioning of cryogenic equipment or facilities, including handling of cryogenic liquids. The monetary limits for similar works are: - Three similar completed works, each costing not less than Rs. 16,58,072. - Two similar completed works, each costing not less than Rs. 22,10,762. - One similar completed work costing not less than Rs. 27,63,453. No specific percentage of similar works completed is mentioned. However, in the context of Reverse Auction, if the H1 bidder is a preferential bidder, H1 bidder will be rejected if his quote is beyond 20% of L1 price as per the bidder's preferential category. The Annual Turnover of the Bidders during any of the last three preceding financial years should be at least Rs. 33,16,143.00.