Bid Publish Date
24-Oct-2025, 7:57 pm
Bid End Date
14-Nov-2025, 3:00 pm
Value
₹27,17,893
Location
Progress
RAQuantity
1
Bid Type
Two Packet Bid
Rashtriya Ispat Nigam Limited invites bids for valuation of RINL-VSP lands located in Visakhapatnam, Andhra Pradesh. Estimated contract value is ₹2,717,892.9. The procurement falls under Custom Bid for Services - Valuation of Lands with no BOQ items listed. The contract includes a flexible quantity/duration clause allowing a deviation up to 25% at bidding or contract issuance. This opportunity targets qualified valuation providers with experience in land asset assessment for a steel corporation, offering a defined but adaptable scope and bid conditions.
Service: Valuation of RINL-VSP lands in Visakhapatnam
Estimated value: ₹2,717,892.9
Location: Visakhapatnam, Andhra Pradesh (530001)
No explicit technical standards published in tender
Flexible scope: contract quantity/duration can change up to 25%
Deliverables expected: valuation reports and related statutory support
No BOQ items; no start/end dates available in data
EMD: Not specified in provided data
Quantity/duration adjustment: up to 25% at contract issue
Delivery terms: bidder to accept revised scope if issued
Payment terms: not specified; prepare for PSU-style terms
Submission: includes GST, PAN, experience and financials
BOQ: none; scope appears to be valuation services
No explicit payment terms published; bidders should expect standard PSU practice and seek clarity during bid finalization
Delivery timeframe not provided; bidders must be ready to deliver valuation reports within the project timeline once defined
No LD details published in the tender excerpt; confirm any penalties or warranty terms with the buyer
Experience in land/asset valuation for PSU or corporate assets
Demonstrated capability to prepare valuation reports and compliance documents
Financial stability with verifiable turnover documentation
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - Valuation of RINL-VSP Lands Located in Visakhapatnam
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Main Document
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BOQ
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GEM_GENERAL_TERMS_AND_CONDITIONS
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for land valuation or similar asset appraisal
Financial statements or turnover proof for the last 1-2 years
EMD submission proof (if required by buyer terms)
Technical bid documents detailing valuation methodology and reports
OEM/consultant authorizations or qualifications (if applicable)
Proof of previous valuations conducted for PSU/corporate assets
Any statutory compliance certificates relevant to valuation work
Start
10-Jan-2026, 4:00 pm
End
12-Jan-2026, 4:00 pm
Duration: 48 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | APLOMB-ASIATIC Under PMA | 14-11-2025 12:32:13 | |
| 2 | ARASU ASSOCIATES Under PMA | 06-11-2025 18:38:11 | |
| 3 | FUTUREVALUE ADVISORS INDIA PRIVATE LIMITED Under PMA | 13-11-2025 15:43:26 | |
| 4 | GAA ADVISORY LLP Under PMA | 14-11-2025 12:03:57 | |
| 5 | KANTI KARAMSEY & CO. Under PMA | 14-11-2025 12:53:25 | |
| 6 | NAVA NIRMAN ASSOCIATES Under PMA | 14-11-2025 14:04:42 | |
| 7 | R.K. PATEL AND CO Under PMA | 14-11-2025 13:52:59 | |
| 8 | RATHANAKANNAN Under PMA | 14-11-2025 14:18:36 | |
| 9 | RESURGENT VALUERS PRIVATE LIMITED Under PMA | 12-11-2025 11:14:58 | |
| 10 | SARE VALUERS (OPC) PRIVATE LIMITED Under PMA | 13-11-2025 17:58:40 | |
| 11 | SUPERINTENDENCE COMPANY OF INDIA PRIVATE LIMITED Under PMA | 14-11-2025 12:55:15 | |
| 12 | SURYATECH VALUERS & BUILDING CONSULTANT Under PMA | 12-11-2025 14:37:33 | |
| 13 | VALECS ECOTECH PRIVATE LIMITED Under PMA | 14-11-2025 11:33:11 | |
| 14 | Value Add Consultant Under PMA | 13-11-2025 16:42:38 |
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | NAVA NIRMAN ASSOCIATES( MSE Social Category:General ) Under PMA | Item Categories : Custom Bid for Services - Valuation of RINL-VSP Lands Located in Visakhapatnam | |
| L2 | FUTUREVALUE ADVISORS INDIA PRIVATE LIMITED( MSE Social Category:General ) Under PMA | Item Categories : Custom Bid for Services - Valuation of RINL-VSP Lands Located in Visakhapatnam | |
| L3 | R.K. PATEL AND CO Under PMA | Item Categories : Custom Bid for Services - Valuation of RINL-VSP Lands Located in Visakhapatnam |
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Key insights about ANDHRA PRADESH tender market
Bidders should submit GST registration, PAN, and experience certificates for land valuation. Provide financial statements, technical methodology, and prior valuation reports. The tender allows up to 25% quantity/duration changes; ensure readiness to accept revised scope and clarify EMD requirements during bid submission.
Required documents typically include GST certificate, PAN card, detailed valuation methodology, past valuation reports, financial statements, and experience certificates for land/assets valuation. Prepare proposals on asset appraisal standards and deliverables; obtain any OEM/consultant authorizations if applicable.
The tender specifies valuation of RINL-VSP lands with no explicit numeric standards in the data. Bidders should present robust valuation methodologies, consistency with industry best practices, and clear deliverables like valuation reports and compliance documentation; confirm any statutory guidelines with the buyer.
Exact delivery dates are not published. Bidders must be prepared to deliver valuation reports within the timelines defined after contract issue, with a flexible scope adjustment up to 25% as per the Buyer Added terms.
The provided data does not specify an EMD amount. Bidders should verify EMD requirements during bid clarification and be prepared to submit the standard security deposit or EMD as per Rashtriya Ispat Nigam Limited norms.
Prior valuation experience for PSU or corporate land/assets is preferred. Bidders should demonstrate at least one prior valuation project, with reports, methodologies, and outcomes; include client references and compliance with applicable valuation standards.
The contract allows up to a 25% increase or decrease at contract issue. Bidders should price with a flexible unit of work, attach rates for potential expansions, and provide scalable deliverables to accommodate scope changes without renegotiating core terms.
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Main Document
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OTHER
SCOPE_OF_WORK
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BOQ
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GEM_GENERAL_TERMS_AND_CONDITIONS