Coal India Subsidiary Invites Bids for 4 MW Solar Project in Jharkhand
The last date to submit the bids is February 28, 2023
Central Mine Planning and Design Institute (CMPDI), a wholly-owned subsidiary of Coal India, has invited bids for installing and commissioning a 4 MW grid-connected solar project for Central Coalfields in the Giridih area of Jharkhand.
The successful bidder will also have to take care of the project’s operation and maintenance for five years.
The last date to submit the bids is February 28, 2023. Bids will be opened on March 1.
The project’s estimated cost is ₹318.53 million (~$3.89 million).
The project must be completed within 240 days.
Bidders will have to furnish ₹3.98 million (~$48,577) as an earnest money deposit. The successful bidder must furnish an amount equivalent to 5% of the contract amount as a performance security deposit within 21 days from the date of issuance of the letter of award.
Bidders should have completed three similar works, each costing not less than 20% of the estimated project’s cost, or two similar projects, each costing not less than 25% of the project’s cost, or one similar project costing at least 40% of the project’s estimated cost in the last seven years.
They should have completed a project of 1 MW or higher capacity in the last seven years. The project should have been operational for at least six months before the bid opening date.
The average annual financial turnover of bidders during the last three years should be at least 30% of the estimated project’s cost.
Additionally, bidders must submit a certificate of possessing adequate working capital, which should be at least 20% of the estimated project’s cost, including access to lines of credit and availability of other financial resources to meet the financial requirements of the project.
Only Class-I and Class-II local suppliers are eligible to bid in this tender. A Class-I local supplier is a supplier whose goods, services, or works offered for procurement have local content equal to or more than 50%, whereas a Class-II local supplier is a supplier whose goods, services, or works offered for procurement has local content more than 20% but less than 50%.
Any bidder from a country that shares a land border with India will be eligible to bid in this tender.
If the contractor fails to maintain the required progress to complete the work, liquidated damages at 0.5% of the contract price, subject to a maximum of 10% of the total value will apply.
Solar modules to be used for the project must be warranted for peak output power, which should not be less than 90% at the end of ten years and not less than 80% at the end of 25 years.
Recently, Coal India Navikarniya Urja, a subsidiary of Coal India, invited bids to select a contractor for the design, engineering, procurement, and construction of a 35 MW grid-connected solar photovoltaic project and the associated transmission system in West Bengal.
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