Directorate Of Urban Local Bodies Tender

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Directorate Of Urban Local Bodies Tender

Works
Housekeeping Services
Eprocure
Opening Date25 Jan 2025
Closing Date17 Feb 2025
Tender Amount₹ 9,40,32,000 

AI Insights

Technical
Financial
Class Of Bidder
Bid Capacity
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The bid capacity required in the given tender can be calculated using the formula: Assessed Available Bid Capacity = (A*N* M-B) Where: A = Maximum value of works executed in any one year during the last five years (updated to the current price level) at a rate taken as 7 percent per year N = Number of years prescribed for completion of the works for which the bids are invited M = 2.5 B = Value at the current price level of the existing commitments and ongoing works to be completed during the next 1 year (period of completion of works for which bids are invited) Alternatively, the bid capacity required can also be inferred as: Available Bid Capacity ≥ Evaluated Bid Price. Additionally, another source mentions that the bid capacity required is at least 50% of the estimated cost of the works, adjusted for the updatation factor based on the financial year, with the updatation factor provided as: Year | Updation Factor -----|----- FY 23-24 | 1.00 FY 22-23 | 1.07 FY 21-22 | 1.14 FY 20-21 | 1.21 FY 19-20 | 1.28 It is also mentioned that the bidder should have an annual financial turnover of at least a specified amount and liquid assets and/or credit facilities of at least 10% of the estimated cost. However, the exact formula for calculating the bid capacity from this source is not provided.
Technical Capacity
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The bidder is required to have prior work experience as a prime contractor or as a member of a joint venture on construction works of a similar nature and volume over the last five years. The bidder should have completed similar nature of work, justified by the JV agreement. The value of the works completed should be mentioned in the certificate, and it should be countersigned by the Engineer-in-Charge. The bidder must have successfully completed or substantially completed similar work during the last five years. The similar work experience can be demonstrated in the following ways: - At least one work - not less than 80% of the estimated project cost. - At least two works - not less than 50% of the estimated project cost. - At least three works - not less than 40% of the estimated project cost. Substantially completed works mean those works which are at least 90% completed as on the date of submission, and continuing satisfactorily. The bidder needs to provide information on the total annual volume of civil engineering construction work executed and payments received in the last five years. The bidder should submit a certificate from a Chartered Accountant mentioning the total annual volume of civil engineering construction work executed and payments received for each of the last five years. Additionally, the bidder needs to provide a certificate from the Executive Engineer for similar nature of works executed. The bidder is also required to invest a minimum of 25% of the contract price of the works during the implementation of the contract. The bidder having an annual turnover of Rs.1000 Cr (one thousand crore) or more in any of the last five years is exempt from certain clauses. The bidder should have achieved an average financial turnover from construction work in the last 5 financial years equal to 50% of the estimated cost of works for which the bid has been invited.

Costs

Summary

Ghats Beautification And Revitalization

Description

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