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The operation and maintenance (O&M) contract, which includes insurance for five years, for a 10 MW ground-mounted solar power facility at Badi Sid in the Jodhpur district of Rajasthan, has been put out to bid by the Solar Energy Corporation of India (SECI).
The deadline for proposal submissions is December 5, 2022, which is also the bid opening date.
An earnest money deposit of Rs. 1.21 million is required from bidders. The winning bidder will be required to provide a performance bank guarantee in an amount equal to 3% of the total contract value.
Bidders need to have worked as O&M contractors or subcontractors on grid-connected ground-mounted solar power installations, including services and spares, for a minimum total capacity of 5 MW during the last 7 years in order to be considered for the bidding process.
At least two grid-connected solar projects must have had a capacity of 1 MW or more in the last seven years out of the aforementioned capacity.
Further, before the deadline for bid submission, the reference project must have been in operation for at least a year.
As of the final day of the last fiscal year, the bidder needed to have working capital of at least Rs. 3.017 million. If the working capital is insufficient, the bidder may supplement it with a letter from their bank confirming the availability of a line of credit for at least Rs. 3.017 million to cover the project’s working capital demand. The bank’s net worth must be at least Rs. 5 billion.
Additionally, the bidders should have a positive net worth in the most recent fiscal year and a minimum average yearly turnover of at least Rs. 2.41 million over the previous 3 fiscal years.