Odisha Lift Irrigation Corporation Limited Tender
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Bid Capacity
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 bidder should have a minimum working capital requirement (credit facility) of 20% of the amount put to tender, which is Rs. 188.00 Lakhs.
Also, the minimum quantity required can be calculated as:
Minimum quantity required = 0.4 x (estimated quantity of work) x 12 / period of completion
However, the condition for bid capacity is that the available bid capacity at the expected time of bidding should be more than the total estimated cost put to tender.
But the exact value of bid capacity is not provided.
Therefore, the answer is:
Assessed bid capacity = (2x A x N - B)
with the condition that available bid capacity > total estimated cost put to tender.
Technical Capacity
The required prior work experience for the bidder includes satisfactorily completing similar work, which is a composite work of drilling, energisation, and commissioning.
In the case of a single prime contractor, the bidder should have completed at least one similar work of value not less than Rs. 376.00 Lakhs, which is 40% of the proposed contract value.
In the case of a joint venture, the bidder or their identified sub-contractor (JV partner) should have completed similar work of value not less than Rs. 150.00 Lakhs, which is 40% of the value mentioned for a single prime contractor.
Additionally, the bidder or their identified sub-contractor (JV partner) should possess a valid electrical license and have executed similar electrical works of value not less than Rs. 226.00 Lakhs, which is 60% of the value mentioned for a single prime contractor.
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 bidder should also have access to or availability of credit facilities, with a minimum working capital requirement of 20% of the amount put to tender, which is Rs. 188.00 Lakhs.
A weightage of 10% per year is given on the cost of satisfactorily completed works of previous years to bring them to the current price level.
The bidder must demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages.
The assessed bid capacity is calculated as (2x A x N - B), where A is the maximum value of work executed in any one financial year during the last five years, updated to the current price level with a 10% escalation factor per year.
The bidder should have completed satisfactory works in previous years, and a weightage of 10% per year will be given on the cost of such works to bring them to the current price level.
The bidder should furnish a certificate from an authority not below the rank of Executive Engineer or any other competent authority to support their work experience for the last 5 years.
The bidder should also submit annual I.T. Return of the last 5 years for assessment of financial soundness.
The bidder's prior work experience and completed works are considered in the evaluation process, with a focus on the value and percentage of similar works completed.
The qualifying quantity can be calculated as 0.4 x (estimated quantity of work) x 12 months/period of completion.
For example, if the estimated quantity of work is 300 nos bore well and the period of completion is 6 months, the minimum quantity required to qualify is 0.4 x 300 x 12/6 = 240 nos bore well.
The required prior work experience for the bidder includes completion of similar major items of work as per the Detailed Tender Call Notice (DTCN).
The bidder is required to have similar work experience as mentioned in SCHEDULE-A.
The bidder should have completion of similar major item of work as mentioned in SCHEDULE-B(B) of SECTION 2(H).
The bidder needs to demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages.
The values and percentages mentioned are:
- Rs. 376.00 Lakhs (40% of the proposed contract value for a single prime contractor)
- Rs. 150.00 Lakhs (40% of the value mentioned for a single prime contractor for a joint venture)
- Rs. 226.00 Lakhs (60% of the value mentioned for a single prime contractor for a joint venture)
- 40% of the estimated annual quantity of execution
- 20% of the amount put to tender (Rs. 188.00 Lakhs)
- 10% per year weightage on the cost of satisfactorily completed works of previous years.
Costs
EMD
₹ 9,41,000Document Cost
₹ 11,800Tender Fee
Refer Documents
Description
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Contact
Tender Id
2025_OLIC_109795_3Tender No
776 DT-22.01.2025Tender Authority
Odisha Lift Irrigation Corporation Limited ViewPurchaser Address
-Website
http://www.odishalift.co.in/
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