JREDA invites bids for 1.39 MW solar systems maintenance

The scope of work encompasses the replacement of power conditioning units, modules, batteries, and other components installed in various villages within Jharkhand's Chatra district.

Interested parties must submit their bids no later than June 14, 2023, with the bid opening scheduled for June 16.

The estimated cost of the project is Rs 148.56 million ($1.79 million). The successful bidder will be required to provide a security deposit equivalent to 10% of the allocated work order cost. However, Micro, Small, and Medium Enterprises (MSMEs) are only obligated to submit a 1% security deposit.

In addition to the security deposit, the successful bidder must also furnish a performance bank guarantee amounting to 5% of the allocated work order cost. MSMEs, on the other hand, need to provide a performance bank guarantee equivalent to 0.5% of the allotted work order.

To be eligible for consideration, bidders must have completed three similar projects, each amounting to at least 40% of the total project cost, or two similar projects, each amounting to at least 50% of the total project cost, or one similar project amounting to no less than 80% of the estimated project cost, for any government organization or public sector undertaking within the past seven years.

For MSMEs, the bidder must have completed a similar project valued at no less than 10% of the estimated cost within the past seven years.

Furthermore, the bidder's average annual financial turnover over the past three years should be at least 30% of the estimated cost of the bid quantity.