Corporation Of Chennai Tender

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Corporation Of Chennai Tender

Works
Civil And Construction
Drainage Work
Eprocure
Opening Date21 Feb 2025
Closing Soon11 Mar 2025
Tender Amount₹ 2,75,88,000 

AI Insights

Technical
Financial
Bid Capacity
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The bid capacity required for the tender can be determined by several factors, including financial turnover, experience in civil engineering works, and access to liquid assets. To calculate the minimum work value required for experience, the formula is: Minimum Work Value = 80% of the Work Value. Given the work value is Rs.220.70 Lakhs for 80% of the work, the calculation is: Minimum Work Value = 0.8 * Rs.220.70 Lakhs = Rs.176.56 Lakhs. For financial turnover, bidders should have achieved a minimum annual financial turnover of 1.5 times the project value in at least two of the last five financial years. The project value can be inferred as Rs.275.88 Lakhs (since 1.5 * Project Value = Rs.413.82 Lakhs), making the required turnover 1.5 * Rs.275.88 Lakhs = Rs.413.82 Lakhs. Additionally, bidders should have access to liquid assets or credit facilities sufficient to meet the projected construction cash flow requirements, estimated as 50% of the total value of the project, which is 50% of the Package value = Rs.137.94 Lakhs. Another formula for assessing available bid capacity is: Assessed Available Bid capacity = (A x N x 1.5 - B), where A is the maximum value of civil engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments on ongoing works. Weightages are also applied to the value of works executed and financial turnover of previous years to bring them to the price level of 2023-24. Therefore, the bid capacity required includes financial turnover, experience, and liquid assets, calculated using the provided formulas and values.
Technical Capacity
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The bidder is required to provide details of their prior work experience, specifically in the field/areas where they have executed work, including civil engineering works such as Storm water drain works, Canal works, and Pond works. They should have executed at least one work not less than 80% of the value put in tender under a single agreement in any one of the preceding five years ending 31.01.2025. The value of this work is specified as 80% of the Work Value, which is Rs.220.70 Lakhs. The bidder should have achieved a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bided, which is Rs.413.82 Lakhs (150% of the project value). Additionally, the bidder should have completed similar works, with a value of at least 80% of the package value, which is Rs. 220.70 Lakhs, and the percentage is 80%. The value for 1.5 times of the package is Rs. 620.73 Lakhs and the percentage is 150%. The bidder is also required to provide information on the projects they have completed in the past, including names and types of projects, brief technical descriptions, names and addresses of clients, periods of contracts, construction costs of projects, types and amounts of portions sublet, years of starting, and percentages of completed works. They should also provide information on their last five years' accounts, including auditor's reports, balance sheets, profit and loss accounts, and income tax clearance certificates, as well as information on their paid-up capital, working capital, annual turnover for the last five years, and net income for the last five years. The bidder should have experience in similar works, but specific details on prior work experience are not provided, except for the requirement of a Senior Engineer with 5 years of experience and Site Engineers with 2 years of experience. In terms of specific values and percentages of similar works completed, the bidder should have completed similar works with a value of at least 80% of the package value (Rs.220.70 Lakhs) and achieved a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bided (Rs.413.82 Lakhs or 150% of the project value).

Costs

Summary

Construction Of Storm Water Drain Of Size 1.20x1.20m At Valluvarkottam High Road (from East Mada Street To Valluvarkottam 1st Street West Side)in Div.113,zone-9

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