South East Central Railway Tender

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South East Central Railway - SECR Tender

Works
Civil And Construction
Bridge Construction
Ireps
Opening Date12 Feb 2025
Closing Date11 Mar 2025
Tender Amount₹ 3,66,40,230.2 
Notes
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Bid Capacity
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The bid capacity required in the given tender to bid can be considered as the Earnest Money and the Performance Guarantee. The Earnest Money is 333200.00. The Performance Guarantee can be calculated using the formula: Performance Guarantee = 5% of Advertised Value = 0.05 * 36640230.20 = 1832011.51 Additionally, the average annual contractual turnover can be calculated using the formula: Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3 However, the exact value of Total Contractual Payments is not provided. Another formula for average annual contractual turnover is: V/N or 'V' which is less, where V = Advertised value of the tender in crores of Rupees, N = Number of years prescribed for completion of work for which bids have been invited. Given the advertised value of the tender is 36640230.20, the Performance Guarantee can be calculated as 5% of this value, which is 1832011.51. So, the bid capacity required is 333200.00 (Earnest Money) and 1832011.51 (Performance Guarantee). But the exact formula for bid capacity is not explicitly provided. However, the bid capacity can be related to the average annual contractual turnover, which is V/N or 'V' which is less. Given the information, the bid capacity required can be considered as having a value of 333200.00 (Earnest Money) and 1832011.51 (Performance Guarantee) and formulas: Performance Guarantee = 0.05 * Advertised Value Average Annual Contractual Turnover = (Total Contractual Payments in previous 3 years) / 3 Average Annual Contractual Turnover = V/N or 'V' which is less. Therefore, the bid capacity required is found with values and formulas.
Technical Capacity
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The required prior work experience for the bidder includes having completed similar works with specific minimum values and percentages. The bidder should have completed one of the following: - Three similar works each costing not less than 30% of the advertised value of the tender, - Two similar works each costing not less than 40% of the advertised value of the tender, - One similar work costing not less than 60% of the advertised value of the tender. In case of composite works, the bidder must have completed or substantially completed: - Three similar works each costing not less than 30% of the advertised value of each component of the tender, - Two similar works each costing not less than 40% of the advertised value of each component of the tender, - One similar work each costing not less than 60% of the advertised value of each component of the tender. A substantially completed work, where payment equal to or more than 90% of the present contract value has been made, can also be considered. The overall cost, including the Price Variation Clause (PVC) amount, if paid, shall be considered for evaluating technical eligibility. For subletting work, the subcontractor must have successfully completed at least one work similar to the work proposed for subcontract, costing not less than 35% of the value of the work to be subletted in the last 5 years. However, for subletting work costing up to Rs 50 lakh, no previous work experience of the subcontractor is required.

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