GCC SERVICES Flashcards
GCC for Services issued in the year
2018
example of Service Contract
Maintenance, Housekeeping areas
Professional, Intellectual, Training areas
Consultancy & Advisory services
QCBS stands fo
Quality & Cost Based Selection
Two Packet system of bidding in Service Contracts applicable for valuing _______ and above
Rs. 50 Lakhs
JV - Joint Ventures / Consortium in Service Contracts
Lead Member shall have majority (at least 51 % ) share and Other Members shall have a share of not less than 10 % each ,if JV firms with up to 3 Members.
Other Members shall have a share of not less than 12 % each , if JV firms with more than 3 Members.
If JV firm with Foreign Member (s), the lead Member has to be an Indian Firm
QCBS method adopted in Service Contracts
The bid with highest weighted combined score (Quality & Cost) shall be selected
The weightage of the technical parameters i.e., non-financial parameters in no case should exceed 80 %
Applicable for Service contracts having bid value exceeding Rs. 50 Lakhs
NOT Applicable for All Service Contracts
In an example of Service Tenders, A quoted Rs.80, B quoted Rs. 90 and C Quoted Rs.100, what is financial score of Mr C
Formulae=LFB / F x 100
LFB : Lowest Financial Bid
F stands for Quoted Amount
80
Work Experience
Should have satisfactorily completed, in the last 3 financial years and current FY upto the date of opening of Tender,
One similar single service contract for a minimum of 35% of the advertised value of bid
Financial Turn Over
Should have aggregate turn over not less than 150% of advertised bid value during the last 3 financial years and current year up to the date of opening of Tender
Bidder should have access to or has available liquid assets, line of credit and other financial means to meet cash flow that is valued _____ estimated bid value net of applicants other contractual commitments.
5%
If two or more offers are lowest and same: bidder with max bid marks will be considered lowest.
If Bid marks also same- ________________will be considered.
Higher cumulative annual financial turn over the past three FY and current year
EMD - For services are estimated to cost up to Rs. 1 Crore is
2%
Execution of Agreement
Within 7 DAYS after the receipt of communication that the agreement is ready
Contract document / Agreement shall be prepared and signed by the both parties in
3 copies ,
Finance,
Executive &
Contractor
Performance guarantee at a rate of _______ of the contractual value shall be deposited by the successful bidder
10 %
In case the contractor fails to submit the requisite PG even after ______ from the date of issue of LOA,
the contract shall be terminated duly forfeiting EMD and other dues, if any payable against that contract.
90 days
Penal interest of _______ shall be charged for the delay beyond 30 days and up to the date of submission of PG from the date of issue of LOA
15 % per annum
Services - EMD is exempted for
Startups recognized by DIPP
(Department of Industrial policy & Promotion )
Services - The Earnest Money Deposit shall be rounded to the nearest _____
Rs. 10
Services - If the value of Contract decreases by more than 25% of the original contract value
PG amounting to 10% of the decrease in the contract value shall be returned to contractor.
If the penalty imposed exceeds 50% or 75 % of the applicable maximum penalty, a PG equivalent to _______ & ____________ respectively of the applicable PG shall be forfeited.
25 % and 50 %
PG shall be initially valid up to the stipulated date of completion and maintenance period,
if any plus ________ beyond that.
60 days
What is the object of Performance Guarantee in Service Tenders
The balance work shall be got done independently without risk & cost of failed contractor.
Whenever the Contractor (in Services) is rescinded, the failed contractor shall be debarred for a period of _____ years from the date of rescindment from participating from the bids.
2 years , and not eligible to participate in the bid of balance of services of failed contractor
