NewsIOCL Invites Bids For 338 kWp Solar Power Projects Across Uttar Pradesh...

IOCL Invites Bids For 338 kWp Solar Power Projects Across Uttar Pradesh Terminals

The tender involves the engineering, procurement, and construction of solar power plants with capacities of 68 kWp, 115 kWp, and 155 kWp at locations in Najibabad (Bijnor), Banthra (Shahjahanpur), and Meerut under UPSO-2. The estimated project value is ₹2,46,86,117.04, inclusive of GST. Bidders are required to submit a Bid Security Declaration instead of an Earnest Money Deposit (EMD). The Performance Bank Guarantee (PBG) is 10% of the total contract value and can be submitted via bank guarantee or deducted from running payments.

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The tender timeline includes a pre-bid meeting at the Northern Region Office in New Delhi includes the bid submission process beginning on December 25, 2024, and ending on January 1, 2025. Clarifications can be sought until December 20, 2024.

The total project duration is nine months, broken into stages: one month for design, two months for supply, three months for installation and commissioning, and three months for acceptance. The penalty for delays is set at 0.5% per week, capped at 10% of the contract value.

Compliance with the Public Procurement Policy for Make in India (2017) is mandatory, favoring Class-1 local suppliers with at least 50% local content. This tender is non-divisible, with priority given to local suppliers for purchase preference within a 20% margin of the L1 bid. Technical and commercial criteria are evaluated rigorously, and the final selection is based on the lowest net delivered price.

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The bidder must submit various certifications, including compliance with GST and insolvency codes, along with proof of technical and financial capability. Any misrepresentation or failure to meet criteria results in rejection. The security deposit structure includes an Initial Security Deposit of 2.5% and a further 7.5% deducted from payments. No interest applies to the security deposit.

For additional details or document verification, bidders may contact the Assistant Manager at UPSO-II.


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