CIL invites bids for e-tenders, reverse auction

Written by Sanjay Jog | Mumbai | Updated: Feb 11 2009, 06:13am hrs
In a bid to streamline its procurement policies, Coal India (CIL) is likely to introduce electronic tendering and reverse auction. The company along with its eight subsidiaries has planned procurement of equipment, consumables, spare parts and other stores of worth Rs 35,000 crore in next five years.

CIL has invited tenders inorder to select and appoint suitable service providers, who facilitate electronic tendering and reverse auction via a customised and secured public platforms for one year. Four optionse-tendering with e-price bids, e-tendering with e-price bids followed by reverse auction, e-tendering with reverse auction and bare reverse auctionare likely to be weighed during the selection process.

According to sources, the service provider would host the e-tendering, e-procurement and reverse auction platform from a portal on his server. Also, he would operate and maintain it at his own cost during the currency of the contract. For e-tendering with e-price bids and e-tendering with e-price bids followed by reverse auction, annual procurement of various items would be worth Rs 2,000 crore.

Moreover, for e-tendering with reverse auction or for bare reverse auction, the annual procurement value is estimated to be Rs 1,400 crore.

According to the bid document, the bidder must have an experience of having successfully executed similar work against one contract for providing services for conducting electronic tendering and reverse auction for procurement of goods of total value of Rs 2,720 crore or having executed similar contracts of Rs 1,700 crore. Besides, the bidder should have executed similar work against three contracts for providing services of conducting electronic tendering and reverse auction for procurement of goods worth Rs 1,360 crore during the last 7 years ending last day of the month previous to the one in which bid applications are invited.