For the installation and commissioning of a 4 MW grid-connected solar project for Central Coalfields in the Giridih region of Jharkhand, bids have been requested by Central Mine Planning and Design Institute (CMPDI), a fully owned subsidiary of Coal India. The project will likely cost Rs. 318.53 million.
The deadline for proposal submissions is February 28, 2023, and March 1 is the date of the opening of bids.
As an earnest money requirement, each bidder will have to provide Rs. 3.98 million. Within 21 days after the issuance of the letter of award, the winning bidder will be required to provide a performance security deposit equal to 5% of the total contract value.
Class-I and Class-II local suppliers can only submit proposals for this tender. Further, any bidder from a nation that borders India on land can also submit a bid in this tender.
The winning bidder will have 240 days for finishing the project, and will also be responsible for the project’s five-year operation and maintenance (O&M).
Liquidated damages at a rate of 0.5% of the contract value, up to a maximum of 10% of the total value, will be applied if the contractor does not keep up the necessary pace to finish the job.
The solar modules that will be utilized for the project must have a peak output power warranty. This warranty must state that the peak output power will not be less than 90% after 10 years and not less than 80% after 25 years.
The bidders must have completed one similar project of a similar nature, costing at least 40% of the evaluated project cost, 2 comparable projects, each costing at least 25% of the assessed project cost, or 3 projects of a similar nature, each costing at least 20% of the estimated project cost, within the previous 7 years.
During the previous 3 years, the average yearly financial turnover of the bidders should have been at least 30% of the expected project cost.
Further, in the last seven years, bidders are also required to have finished a project with a capacity of at least 1 MW, and prior to the opening of bids, it must be operational for at least 6 months.
Additionally, bidders must provide a certificate stating that they have access to lines of credit and other financial resources, as well as appropriate working cash (at least 20% of the anticipated project cost) to satisfy the project’s financial needs.