Western Coalfields Limited Tender

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Western Coalfields Limited - WCL Tender

Works
Civil And Construction
Road Construction
Eprocure
Opening Date19 Feb 2025
Closing Soon6 Mar 2025
Tender Amount₹ 2,82,86,745 

AI Insights

Technical
Bid Capacity
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The bid capacity required can be summarized with the following values and formulas: 1. Work Experience: - 3 works * 40% of the tender value - 2 works * 50% of the tender value - 1 work * 80% of the tender value 2. Average Annual Financial Turnover: - 30% of the estimated cost put to tender over the last 3 years. These can also be represented as formulas where "x" is the estimated cost put to tender: 1. 3 * 0.4x 2. 2 * 0.5x 3. 1 * 0.8x This indicates the ability to have completed works that meet one of the above conditions, along with a specified average annual financial turnover.
Technical Capacity
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The required prior work experience for the bidder includes completion of similar works within the last 7 years. The value and percentage of similar works completed are as follows: - Completion of a single work of similar nature costing not less than 80% of the estimated cost put to tender. - Completion of two works of similar nature, each costing not less than 50% of the estimated cost put to tender. - Completion of three works of similar nature, each costing not less than 40% of the estimated cost put to tender. In the case of a joint venture, the experience of individual partners can be combined to meet the qualification criteria, with the proportionate value of experience considered based on the actual share of the bidder in the joint venture firm or partnership firm. A weightage of 5% per year is given to bring the cost of previous completed works to the current price level. Additionally, for each partner in a joint venture, at least one work of similar nature costing not less than 40% of the estimated cost put to tender is required. The system will calculate the value of each qualifying experience by multiplying the value with the percentage share of experience and adding 5% for each completed year after the end date of experience of work.

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