Odisha Lift Irrigation Corporation Limited Tender
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Bid Capacity
The bid capacity required in the given tender to bid having value is 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 minimum working capital requirement is 20% of the amount put to tender, and the liquid assets and/or availability of credit facilities should be no less than Rs. 181.00 Lakhs.
Another formula for qualifying quantity is:
Qualifying quantity = 0.4 x (estimated quantity of work) x 12 / period of completion
The working capital can be met out of Bank Credit and an irrevocable affidavit in stamp paper to provide balance working capital from own sources and others.
However, specific values for the amount put to tender are not provided.
Technical Capacity
The required prior work experience for the bidder includes completion of similar work, which includes composite work of drilling, energisation, and commissioning, with a value of not less than Rs. 362.00 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, such as drilling of deep bore wells, with a value of not less than Rs. 145.00 Lakhs, which is 40% of the value mentioned above, and also executed similar electrical works with a value of not less than Rs. 217.00 Lakhs, which is 60% of the value mentioned above.
The bidder should have executed a minimum quantity of similar major items of work, which is 40% of the estimated annual quantity of execution. For example, if the estimated quantity of work is 286 nos bore well, the minimum quantity required to qualify would be 0.4 x 286 x 12/6 = 229 nos bore well.
The bidder should have satisfactory completion of similar works in the last 5 years, with a weightage of 10% per year given on the cost of satisfactory completed works of previous years to bring them to the current price level. The bidder is required to furnish proof of completion of such works, supported by a certificate from an authority not below the rank of Executive Engineer or any other competent authority.
Additionally, the bidder should have a minimum working capital requirement of 20% of the amount put to tender, with a minimum of Rs. 181.00 Lakhs. The bidder must demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages. The bidder's available bid capacity will be calculated based on their past work experience, with a weightage of 10% per year given on the cost of satisfactorily completed works of previous years to bring them to the current price level.
Costs
EMD
₹ 9,04,000Document Cost
₹ 11,800Tender Fee
Refer Documents
Description
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Contact
Tender Id
2025_OLIC_110547_3Tender No
1174 DT-11.02.2025Tender Authority
Odisha Lift Irrigation Corporation Limited ViewPurchaser Address
-Website
http://www.odishalift.co.in/
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