Military Engineer Services seeks bids for 1 MW solar project
POWER & RENEWABLE ENERGY

Military Engineer Services seeks bids for 1 MW solar project

The Military Engineer Services (MES) has announced the issuance of a tender for the installation of a 1 MW rooftop solar power project at the Air Force Station, GE (AF) Sulur, Tamil Nadu. It was stated that the last date for the submission of bids is November 11, 2023, and the bids will be opened on November 13.

It was further explained that contractors who had not previously furnished a standing security bond or deposit in any MES formation were required to submit an individual security deposit once their tender was accepted. The amount of this deposit would be determined based on the tendered cost, in accordance with MES?s guidelines for calculating Earnest Money Deposit. This deposit would have a 25% increase, capped at a maximum of Rs 1.8 million.

The successful bidder, upon acceptance of their tender, was obligated to provide a performance bank guarantee within 28 days of receiving the Letter of Acceptance. This guarantee was expected to be worth 5% of the contract sum.

Regarding the qualifications for participating in the tender, it was stated that bidders must fulfill certain criteria for works carried out in MES, other central/state government, or PSU projects. These criteria included completing three works with a cost of not less than 40% of the estimated cost, or two works with a cost of not less than 50% of the estimated cost, or one work with a cost of not less than 80% of the estimated cost.

Additionally, bidders were required to demonstrate an average annual turnover for the last two consecutive financial years of at least Rs 60 million. They also needed to possess a solvency of up to Rs 20 million or financial engagement capacity of up to Rs 75 million obtained from a nationalised bank.

The Military Engineer Services (MES) has announced the issuance of a tender for the installation of a 1 MW rooftop solar power project at the Air Force Station, GE (AF) Sulur, Tamil Nadu. It was stated that the last date for the submission of bids is November 11, 2023, and the bids will be opened on November 13. It was further explained that contractors who had not previously furnished a standing security bond or deposit in any MES formation were required to submit an individual security deposit once their tender was accepted. The amount of this deposit would be determined based on the tendered cost, in accordance with MES?s guidelines for calculating Earnest Money Deposit. This deposit would have a 25% increase, capped at a maximum of Rs 1.8 million. The successful bidder, upon acceptance of their tender, was obligated to provide a performance bank guarantee within 28 days of receiving the Letter of Acceptance. This guarantee was expected to be worth 5% of the contract sum. Regarding the qualifications for participating in the tender, it was stated that bidders must fulfill certain criteria for works carried out in MES, other central/state government, or PSU projects. These criteria included completing three works with a cost of not less than 40% of the estimated cost, or two works with a cost of not less than 50% of the estimated cost, or one work with a cost of not less than 80% of the estimated cost. Additionally, bidders were required to demonstrate an average annual turnover for the last two consecutive financial years of at least Rs 60 million. They also needed to possess a solvency of up to Rs 20 million or financial engagement capacity of up to Rs 75 million obtained from a nationalised bank.

Next Story
Real Estate

Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn

Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..

Next Story
Real Estate

Rustomjee Wins Rs 45 Billion GTB Nagar Redevelopment

Keystone Realtors Ltd, the Bengaluru based developer behind the Rustomjee brand, has secured a Letter of Acceptance to overhaul GTB Nagar in Sion, Mumbai, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). Occupying about 11.19 acres, the project will rehouse more than 1,400 families and unlock roughly 2.07 million square feet of saleable area.Keystone estimates the scheme’s gross development value at about Rs 45.21 billion, with free saleable space expected to generate over Rs 45 billion in revenue. The redevelopment underscores the com..

Next Story
Real Estate

Prestige Unveils Rs 33.5 Billion Pallavaram Gardens

Bengaluru‑based developer Prestige Group has launched Prestige Pallavaram Gardens, a large residential community on Chennai’s Pallavaram–Thoraipakkam Radial Road. With a gross development value of about Rs 33.5 billion, the 21.84‑acre scheme is set to become a marquee address in the fast‑growing corridor. The master plan provides 2,069 premium homes across 2‑, 3‑ and 4‑bedroom layouts, offering a combined saleable area of roughly 3.1 million square feet. Residents will benefit from easy access to key transport arteries and major employment hubs along th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?