Odisha Lift Irrigation Corporation Limited Tender

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Odisha Lift Irrigation Corporation Limited - OLICL Tender

Works
Civil And Construction
Excavation
Electrical and Electronics
Eprocure
Opening Date30 Jan 2025
Closing Date24 Feb 2025
Tender Amount₹ 7,83,82,000 

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Bid Capacity
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The bid capacity required in the given tender can be calculated using the formula: Assessed bid capacity = (2x A x N - B) Where: A = maximum value of work executed in any one financial year during last five years (updated to the current price level) B = value at current price level of the existing commitments and ongoing works to be completed during the period of completion of works for which bids are invited N = No. of years prescribed for completion of the work for which the bids are invited. Additionally, the working capital requirement is also a factor, which is 20% of the amount put to tender, with a minimum requirement of Rs. 157.00 Lakhs. Another factor is the satisfactory completion of similar major items of work, where the bidder should have executed a minimum quantity of similar items of work, which is 40% of the estimated annual quantity of execution, calculated as: Qualifying quantity = 0.4 x (estimated quantity of work) x 12 months/period of completion.
Technical Capacity
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The required prior work experience for the bidder includes experience in similar works. The bidder should have satisfactorily completed similar work with a value of not less than Rs. 314.00 Lakhs, which is 40% of the proposed contract value. In the case of a joint venture, the bidder or their identified sub-contractor should have completed similar work with a value of not less than Rs. 125.00 Lakhs for drilling and Rs. 188.00 Lakhs for electrical works, which are 40% and 60% of the value mentioned in section A, respectively. The bidder should have completed at least 80% of the original contract value of similar work in the last five years. A weightage of 10% per year will be given to the cost of satisfactory completed works of previous years to bring them to the current price level. Additionally, the bidder is required to have experience in similar major items of works and furnish evidence of ownership of rigs and ancillaries. The bidder must also demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages. The bidder should have sufficient work experience in Bore Well scheme/machinery and equipment required for execution of the work.

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