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<p>Gujarat Industries Power Company (<a href="http://www.gipcl.com/" target="_blank" rel="noopener">GIPCL</a>) has issued a notice inviting tender from engineering, procurement, and construction (EPC) contractors for 400/33 kV gas-insulated substation (GIS) at the 1,200 MW pooling substation of GIPCL’s 2,375 MW solar, wind, and hybrid renewable energy park at Great Rann of Kutch Area.</p>
<p>The work will be divided into two phases. The first phase must be completed within 14 months from the letter of intent, and the second phase must be completed within 20 months.</p>
<p>Bidders must submit a non-refundable tender fee of ₹29,500 (~$387). They must also furnish an earnest money deposit of 20 million.</p>
<p>The last day to submit the bids is June 7, 2022. The bid opening day will be decided by GIPCL later.</p>
<p>The successful bidder must submit a security deposit cum performance bank guarantee equivalent to 10% of the entire contract value within 30 days after issuing the letter of intent. The successful bidder must also remit a performance bank guarantee for the power transformer and gas-insulated switchgear equivalent to 3% of the entire contract value within 30 days before the expiry of the defect liability period.</p>
<p>If the successful bidder fails to perform the work within the time specified in the contract or any extension thereof, liquidated damages at 0.5% of the total contract price will be levied for each completed week of delay. The total liquidated damages will not exceed 10% of the total contract value.</p>
<p>Bidders must have designed, manufactured, supplied, erected, tested, and commissioned at least two GIS substations having cumulatively at least six circuit breaker bays of 400 kV or above in India. The two GIS substations should be in operation on the bid submission date. As of bid submission, at least one GIS substation must have been commissioned within the last seven years.</p>
<p>The minimum average annual turnover of the bidders for the last three financial years must be ₹1 billion (~$13.13 million). The net worth of the bidders during the last financial year should be positive. They must provide a copy of each audited annual report to ascertain their turnover and net worth. A certificate from a chartered accountant must be submitted along with the bid certifying the turnover and net worth to meet the qualifying criteria.</p>
<p>Bidders must have liquid assets or evidence of access to or availability of credit facilities of not less than ₹170 million (~$2.23 million)</p>
<p>In January this year, GIPCL  <a href="https://mercomindia.com/epc-tender-75-mw-solar-project-gujarat/" target="_blank" rel="noopener">invited</a> bids for the design, engineering, supply, procurement, erection, testing, and commissioning of 75 MW of grid-connected solar power project near its Surat Lignite Power Plant Gujarat.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> for timely updates on all solar tenders issued by various agencies in India.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/arjun-joshi/" class="vcard author" rel="author"><span class="fn">Arjun Joshi</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Arjun Joshi,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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<p><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Arjun-Joshi-1.png" width="86" height="102" /><a href="https://mercomindia.com/author/arjun-joshi/" target="_blank" rel="noopener"><strong style="color: #00b451">Arjun Joshi</strong> </a>is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. <a href="https://mercomindia.com/author/arjun-joshi" target="_blank" rel="noopener">More articles from Arjun Joshi.</a></p>
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