The tender is for the construction of a classroom block at the Islamic University of Science and Technology, Awantipora. Bids are invited on a percentage basis from registered contractors. The cost of the document is Rs. 17,000, and the earnest money deposit is Rs. 27,46,143. The bid submission end date is **** up to 6:00 pm, and the technical bids will be opened on **** at 10:00 am. The 1st lowest bidder has to produce an amount equal to 3 of contract as performance security. The time allowed for completion of work is 24 calendar months. The financial bids will be opened after technical bid evaluation is completed. The bids for the work shall remain valid for a period of 90 days from the date of opening of technical bids. The earnest money shall be forfeited under certain conditions. Bidders must upload scanned copies of all necessary documents. The defect liability period shall be 36 months after the date of completion.
The bid notice states that the time allowed for completion of work is 24 calendar months.
The bid notice states that the defect liability period shall be 36 months after the date of completion.
The employer will award the contract to the bidder whose bid has been determined to be substantially responsive to the bidding documents and who has offered the lowest evaluated bid price.
The applicant should have achieved minimum annual value of general construction work as certified by chartered accountant, and at least 50fifty percent of which is from civil engineering construction works carried out in any of the last seven years.
In the event of failure on part of the contractor to achieve timely completion of the project including any extension of time granted under clause 27, he shall, without prejudice to any other right or remedy available under the law to the employer on account of such breach, pay as agreed liquidated damages to the employer and not by way of penalty in a sum calculated at the rate per week or part thereof as stated in the contract data.
The bidder, at the bidders own responsibility and risk is encouraged to visit and examine the site of works and its surroundings and obtain all information that may be necessary for preparing the bid and entering into a contract for construction of the works.
The result of technical evaluation shall be made public on jktenders. gov. in site following which there will be a period of two working days during which any bidder may submit objections if any in writing to the tender receiving authority which shall be considered for resolution before financial bid opening.
The advertised cost of work is s. 13, 73, 07, **** rupees thirteen crore seventythree lac seven thousand one hundred and thirty only.