Odisha Lift Irrigation Corporation Limited Tender

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The OLICL has issued a formal invitation for competitive bids for the Odisha Lift Irrigation Corporation Limited project, for Installatin, Electrification, Energisation And Commissioning Of Borewells In Balangir District Pkg-05 Bid Id-74 in Balangir, Odisha, with an estimated contract value of Rs. 12,48,43,000. The bid opening date for this tender is 19-02-2025 and the last date for bid submission is 17-03-2025. Interested bidders for Odisha Lift Irrigation Corporation Limited tender can download the important documents here to check the scope of work, eligibility criteria and technical requirements.

Odisha Lift Irrigation Corporation Limited - OLICL Tender

Opening Date19 Feb 2025
Closing Date17 Mar 2025
Tender Amount₹ 12,48,43,000 

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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 the 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 = number of years prescribed for completion of the work for which the bids are invited.
Technical Capacity
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The required prior work experience for the bidder includes completion of similar major items of work, with a value of not less than Rs. 499.00 Lakhs, which is 40% of the proposed contract value at the 2024-25 price level. 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. 200.00 Lakhs for drilling of deep bore wells and Rs. 300.00 Lakhs for electrical works, which are 40% and 60% of the value mentioned above, respectively. The work experience should be within the last five years, from 2019-20 to 2023-24, 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 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 experience in similar works, with details to be supported by a certificate from an authority not below the rank of Executive Engineer or any other competent authority. The experience for the last 5 years should be furnished, along with the name of the employer, method of selection, name of the work, and scope of work. In terms of value, the bidder should possess credit facilities of not less than 20% of the amount put to tender, with a minimum working capital requirement of Rs. 250.00 Lakhs. The bidder is required to have prior work experience in Bore Well schemes, machinery, and equipment required for the execution of the work. Specifically, the bidder must demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual packages. The bidder needs to furnish documents for calculation of bid capacity and similar work experience. The bidder should have completed similar major items of work as mentioned, with information to be furnished as per the specified requirements. The available bid capacity will be calculated, and bidders who meet the minimum qualification criteria will be qualified only if the available bid capacity at the expected time of bidding is more than the total estimated cost put to tender.

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