Tender Overview
Employees State Insurance Corporation (ESIC) seeks to lease a ground floor office space of approximately 1000 square feet in Indore, Madhya Pradesh (452001). The project duration ranges from 5 to 10 years with maintenance obligations borne by the lessor. Estimated contract value is ₹1,080,000. Key differentiator includes proximity to streetlights near the building and a turnkey lease with maintenance responsibility on the lessor. Bidders should assess urban infrastructure, access, and security implications for ESIC operations. This opportunity requires responsive lease terms and clear handover conditions to support ESIC’s administrative functions.
Technical Specifications & Requirements
- Product/Service: Leasing of commercial office space (ground floor) for ESIC operations
- Area/Size: 1000 square feet (approximate)
- Location: Indore, Madhya Pradesh (PIN 452001)
- Term: 5 to 10 years; contract duration adjustments up to ±25% allowed at contract issue; post-issue adjustments up to 25% only
- Maintenance: Maintenance to be borne by lessor; building features include streetlights nearby
- Estimated Value: ₹1,080,000 for the contract period; no EMD amount specified in data
- BOQ/Specifications: No itemized BOQ provided; no technical specs released
- Key Considerations: Ensure compliance with lease terms, handover readiness, and compliance with local building codes
Terms, Conditions & Eligibility
- EMD: Not specified in tender data; bidders should verify requirements during bid submission
- Delivery/Handover: Handover must occur with ready-to-use office space; duration not explicitly stated
- Contract Variation: Quantity or duration may be adjusted by up to 25% at contract issue and post-issue; bidders must accept revised terms
- Documents: Standard bidder submission documents likely required (GST, PAN, property ownership proof, lease deed drafts, etc.); absence of explicit list necessitates adherence to typical government lease bid practices
- Warranty/Support: Not specified; focus on lease completion and compliance with ESIC requirements
- Penalty/Compliance: No LD or penalty terms specified in data; bidders should seek clarification during bidding process