New Okhla Industrial Development Authority Tender

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New Okhla Industrial Development Authority Tender

Works
Civil And Construction
Road Construction
Eprocure
Opening Date29 Jan 2025
Closing Date10 Feb 2025
Tender Amount₹ 4,10,56,108 

AI Insights

Technical
Bid Capacity
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The bid capacity required in terms of solvency is 16422444.00 Rs, which is 40% of the total estimated cost of the project. In terms of experience, the bid capacity required is: - Three similar completed works each costing not less than 16422444.00 Rs, - Or, two similar completed works each costing not less than 24633665.00 Rs, - Or, one similar completed work costing not less than 32844887.00 Rs. The formula for calculating the minimum solvency required is: Minimum Solvency Required = 0.4 * Total Estimated Cost Where Total Estimated Cost is the total estimated cost put to tender, which is 41056108.00 Rs.
Technical Capacity
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The required prior work experience for the bidder includes having successfully completed works during the last 7 years ending last day of the month previous to the one in which applications are invited. The experience requirements are as follows: - Three similar completed works each costing not less than 40% of the estimated cost put to tender, which is 16422444.00 Indian Rs. - Alternatively, two similar completed works each costing not less than 60% of the estimated cost put to tender, which is 24633665.00 Indian Rs. - Or, one similar completed work costing not less than 80% of the estimated cost put to tender, which is 32844887.00 Indian Rs. Only Resurfacing work experience will be accepted. The experience of road construction work could not be accepted if the Cost of DBM/BM/BC/SDC work is more than one crore and hot mix plant & paver are hired. The value and percentage of similar works completed are mentioned as: - 40% of the estimated cost put to tender for three similar completed works, amounting to 16422444.00 Indian Rs. - 60% of the estimated cost put to tender for two similar completed works, amounting to 24633665.00 Indian Rs. - 80% of the estimated cost put to tender for one similar completed work, amounting to 32844887.00 Indian Rs.

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