Punjab Water Supply And Sewerage Board Tender

The class eligibility requirement to bid or participate in this tender is under an appropriate Class, with the condition that it should be more than the estimated cost of work. However, the specific class such as Class A, Class B, etc., is not explicitly mentioned, but it is related to CE / SE/ EE with Punjab Water Supply & Sewerage Board.

The bid capacity required in the given tender to bid is calculated using the formula: Assessed Available Bid Capacity = (A* N* 2 - B) Where A = Maximum value of Civil Engineering works executed in any one year during the last five years, N = Number of years prescribed for completion of the Project/Works, B = Value of existing commitments and on-going works to be completed during the period of completion of the Project/Works. The bidder's available bid capacity should be more than the estimated value of the project/work, which is Rs. 793.57 Lakh. Additionally, the bid capacity required in the given tender to bid having value and formulas is as follows: 1. Minimum liquid assets and/or availability of credit facilities: Rs. 79.36 Lakh 2. Bidder shall submit an undertaking to invest minimum cash up to 25% of contract value of work, during implementation of work. Formulas for price adjustment are also provided: i) ADJUSTMENT FOR BITUMEN COMPONENT: Bi = The official retail price of bitumen of IOC Depot at nearest center (Panipat) for the month under consideration. Pb = quantity of bitumen actually consumed in the work done in the period under consideration. ii) ADJUSTMENT FOR CEMENT COMPONENT: Vc = Nc x Rc (Ci-C0)/C0 Vc = Increase or decrease in the cost of work during the month under consideration due to changes in the rates for cement. Co = The initial price of cement per 50 kg bag based on the All India Wholesale Price Index for cement, as published by the Ministry of Industrial Development, Government of India, New Delhi, As on the date on which the rate of cement Rc was enforced by the Department. Ci = The current price of cement per 50 kg bag based on the All India average Wholesale Price Index for cement published by the Ministry of Industrial Development, Government of India, New Delhi (current = month under consideration). Rc = Rate of Portland Cement per 50 Kg bag considered by the Department while inviting the bids, i.e. Rs.254.37 per bag and for OPC cement and Rs 234.37 per bag for PPC Cement as per CSR-2020 as on 25.08.2020. Nc = Number of 50 Kg cement bags actually consumed in work during the period under consideration. iii) ADJUSTMENT FOR STEEL COMPONENT: Vs = Qs x Rs (Si-S0)/ S0 Vs = Increase or decrease in the cost of work during the month under consideration due to changes in the rates for cement. So = The initial price of steel per metric tonne based on the All India whole sale price index for steel, as published by the Ministry of Industrial Development, Government of India, New Delhi, As on the date on which the rate of steel Rs. was enforced by the Department Si = The current price of steel per metric tonne based on the All India average whole sale price index for steel, as published by the Ministry of Industrial Development, Government of India, New Delhi (Current = Month under consideration). Rs = Rate of Steel The bid capacity required is more than Rs. 793.57 Lakh.