Odisha Lift Irrigation Corporation Limited Tender

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. The rate of inflation shall be taken as 10% per year (Escalation factor) to update the value of work executed in previous years to the current price level. Additionally, the minimum working capital requirement (credit facility) is 20% of the amount put to tender, and the bidder must possess credit facilities of not less than this amount and furnish credentials from a scheduled commercial bank. The liquid assets and/or availability of credit facilities should be no less than Rs. 320.00 Lakhs. For joint ventures, the available bid capacity will be applied for each partner to the extent of their proposed participation in the execution of work. If the extent of participation is not mentioned, the proposed participation in the execution of the work shall be considered as equal for each partner. The bidder must also demonstrate experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages. The value of existing commitments and ongoing works as well as the stipulated period of completion should be countersigned by the Engineer-in-Charge, not below the rank of Executive Engineer. The bidder should have executed a minimum quantity of similar major items of work, which is 40% of the estimated annual quantity of execution. The qualifying quantity can be calculated using the formula: Qualifying quantity = 0.4 x (estimated quantity of work) x 12 months/period of completion. The bidder must submit a bank certificate to certify their access to or availability of credit facilities. The bank certificate should be in the format provided, and it should certify that the bidder is a reputed company with a good financial standing and that the bank will be able to provide overdraft/credit facilities to meet their working capital requirements for executing the contract. The bank certificate should mention the name of the work, tender identification number, and the amount of credit facilities that the bank is willing to provide. The bidder must also submit an affidavit in stamp paper to provide balance working capital from own sources and others, subtracting bank credit from the working capital requirement. The affidavit should be in the format provided, and it should mention the name of the work, tender identification number, and the amount of balance working capital that the bidder is willing to provide. The bidder must ensure that they have the necessary experience, resources, and financial capacity to execute the contract, and they must submit all the required documents and certificates to support their bid. The employer will evaluate the bids based on the technical and financial criteria, and the bidder with the lowest price will be considered for acceptance, subject to their meeting the qualifying criteria and having the necessary experience and resources. The employer may also negotiate with the lowest valid bidder to finalize the contract, and the bidder must be willing to negotiate and finalize the contract within the stipulated timeframe. The contract will be awarded to the bidder who meets the qualifying criteria, has the necessary experience and resources, and is willing to negotiate and finalize the contract at the lowest price. The bidder must ensure that they have read and understood all the terms and conditions of the contract, and they must be willing to execute the contract as per the stipulated terms and conditions. The employer reserves the right to reject any bid that does not meet the qualifying criteria or does not have the necessary experience and resources, and the employer may also cancel the tender process at any time without assigning any reason. The bidder must ensure that they have submitted all the required documents and certificates, and they must be willing to provide any additional information or clarification that may be required by the employer. The contract will be governed by the laws of the land, and any disputes arising out of the contract will be resolved through arbitration as per the stipulated terms and conditions. The bidder must ensure that they have understood all the terms and conditions of the contract, and they must be willing to execute the contract as per the stipulated terms and conditions. The employer will provide the necessary assistance and facilities to the bidder to execute the contract, and the bidder must ensure that they have the necessary experience, resources, and financial capacity to execute the contract. The contract will be awarded to the bidder who meets the qualifying criteria, has the necessary experience and resources. The bid capacity required in the given tender is mentioned, and the exact value and formulas for bid capacity are provided. The available bid capacity will be calculated as under, and the exact formula is provided. The bid capacity required is more than the total estimated cost put to tender, and the exact formula