Contract Bidding Open For Custom Bid for Services - 24000m AX size Hole Dia 4670 mm Core Dia 2850 mm definition diamond core in BALAGHAT, MADHYA PRADESH

The eligibility requirements include a minimum of 7 years of past experience in similar services, an average annual turnover of 357 lakh over the last three financial years, and required documentation to validate both experience and financial status.

Bidders must provide relevant certificates that demonstrate experience and turnover, including certified audited balance sheets for the past three years and documentation supporting any exemption requests from experience or turnover criteria.

To register for this tender, bidders must create an account on the GeM portal, complete the required registration steps, and ensure all necessary documentation is prepared for submission in accordance with the tender requirements.

Documents must be submitted in standardized formats as specified in the tender document. Typically, PDF, Excel sheets, and scanned copies of hard copies are expected to meet the submission criteria.

The technical specifications include utilizing diamond core drilling methods with specific hole sizes—AX size hole measuring 24000m, diameter of 4670 mm, and core diameter of 2850 mm using fully hydraulic underground drill machines.

Yes, bidders are expected to comply with established quality standards relevant to diamond core drilling services as established by Hindustan Copper Limited and regulatory authorities within the Ministry of Mines.

Bidders must adhere to all compliance requirements laid out in the tender document, including documentation of experience, turnover proof, and adherence to statutory obligations associated with mining operations.

The EMD amount required for this tender is 2379000. Exemptions may be available for MSEs and specific categories under GeM guidelines, but valid documents supporting exemption claims must be submitted.

While a Performance Bank Guarantee (PBG) may not be required initially, it is typically a standard practice to ensure compliance and performance post-award, subject to the specific terms established in the contract agreement.

The detailed payment terms can be found in the relevant document linked here. Generally, payment releases are based on milestones achieved or the completion of specific deliverables as stipulated in contractual agreements.

Price evaluations will be conducted based on the total value-wise evaluation, where bids will be compared against each other considering overall compliance with the tender requirements and pricing strategies.

Bid submissions must be performed electronically through the GeM portal. Bidders are encouraged to ensure their submissions are complete and on time, as late submissions may not be considered.

While specific timelines and deadlines are addressed in the tender document, bidders should note that all submissions need to be completed prior to the closing date outlined in the bid submission details.

Results will be communicated through the GeM portal, where bidders can check the status of their bids post-evaluation. Further notifications may be sent via email as stipulated by the purchasing authority.

MSEs can avail themselves of certain purchase preferences and exemptions from some eligibility criteria. Bidders must adhere to the specific guidelines laid out in the tender document to qualify for these benefits.

Startups may also be granted exemption from certain experience and turnover criteria provided they submit applicable documentation to support their eligibility claims in accordance with GeM norms.