Indian Institute Of Technology Tender
The IIT has issued a formal invitation for competitive bids for the Indian Institute Of Technology project, for Civil Works For Low Side Hvac Work In Academic Zone Buildings At Iit Madras in Chennai, Tamil Nadu, with an estimated contract value of Rs. 2,25,64,000. The bid opening date for this tender is 13-03-2025 and the last date for bid submission is 03-04-2025. Interested bidders for Indian Institute Of Technology tender can download the important documents here to check the scope of work, eligibility criteria and technical requirements.
Indian Institute Of Technology - IIT Tender
Works
Civil And Construction
Civil Works Others
Eprocure
Opening Date13 Mar 2025
Closing Date3 Apr 2025
Tender Amount₹ 2,25,64,000
AI Insights
AI Insights
Technical
Class Of Bidder
The class eligibility requirement to bid or participate in this tender is "Class-II Local Supplier" category, where Local Content is equal to or more than 20% but less than 50%.
Bid Capacity
The bid capacity required to bid is having an average annual financial turnover of Rs.67.69 lakhs during the last 3 years ending 31 – 3 –2024, certified by a chartered accountant, and not incurring any loss in more than two years during the last 5 years ending 31 – 3 – 2024.
Formulas related to bid capacity include:
- The value of executed works shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum.
- Time extension calculation: (i) In the proportion which the additional cost of the altered, additional or substituted work bears to the original tendered value plus, and (ii) 25% of the time calculated in (i) above.
- Pricing for substituted items: If the market rate for the substituted item is more than the market rate of the agreement item, the rate payable shall be the rate for the agreement item increased to the extent of the difference between the market rates. If the market rate for the substituted item is less, the rate payable shall be the rate for the agreement item decreased to the extent of the difference.
Technical Capacity
The required prior work experience for the bidder is experience in similar nature of works, which should have been completed during the last seven years. The details of similar works completed are to be provided in specific forms, including information such as name of work/project, agreement number, scope of work, cost of work, and dates of commencement and completion.
The evaluation criteria for this experience allocate 30 marks, with the following marks allocation:
- 60% marks for minimum eligibility criteria
- 100% marks for twice the minimum eligibility criteria or more
- In between – on a pro-rata basis
However, specific values or percentages of similar works completed are not explicitly mentioned, except that the bidder should have completed works of similar nature. The cost of executed works is to be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum.
The bidder should also have an average annual financial turnover of Rs.67.69 lakhs during the last 3 years, and should not have incurred any loss in more than two years during the last 5 years.
No specific amount or percentage of similar works completed is mentioned, other than the marks allocation for the evaluation criteria.
Costs
EMD
₹ 4,51,300Document Cost
Refer DocumentsTender Fee
Refer Documents
Description
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Contact
Tender Id
2025_IITM_229980_1Bid Award Id
ViewTender No
33/2024-25/CivilTender Authority
Indian Institute Of Technology ViewPurchaser Address
-Website
https://www.iitm.ac.in
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Result
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