Indian Oil Invites Bids for O&M of 4.5 MW Solar Project in Tamil Nadu
The last date for the submission of bids is February 4, 2023
Indian Oil Corporation (IOCL) has invited bids for comprehensive operation and maintenance (O&M) of a 4.5 MW grid interactive ground-mounted solar power project at Narimanam, Tamil Nadu.
The last date for the submission of bids is February 4, 2023. Bids will be opened after four days on February 9.
The project’s estimated cost, including GST for four years, is ₹36.3 million (~$444,458).
Bidders are not required to pay any tender document fee or earnest money deposit.
Upon receipt of the work order, the successful bidder is required to pay a performance security deposit amount equivalent to 3% of the work order value.
The security deposit collected would be released after 12 months from the completion of work.
The tender offer would be valid for 120 days from the bid opening date. The corporation may seek further extension of the offer’s validity if required.
In case of a tie between two or more bidders at the L1 position, all the L-1 bidders would be asked to submit a discount bid in terms of a percentage discount over their previously quoted amount.
If there is a tie again, the bidder with the highest turnover in the preceding three years will be considered the L1 bidder.
The successful bidder will be responsible for implementing all precautionary measures to ensure the safety of all materials and labor until the work is completed and handed over to the company.
All materials, including cement, reinforcement, structural steel, consumables, testing appliances, tools, and tackles necessary for completing the work, would have to be procured and supplied by the bidder.
The works at the site will be supervised either by an IOCL site engineer or by a project management consultant agency appointed by the company.
Last year, IOCL invited bids for the engineering, procurement, and construction of 1.485 MW of grid-connected captive solar power projects at its bottling plants in Uttar Pradesh.
IOCL also invited bids for the annual operation and maintenance (O&M) of distributed solar systems of 1.001 MW capacity installed at the Paradip refinery and township in Odisha.