The Life Insurance Corporation of India (LIC) has invited e-bids for the supply, installation, testing, and commissioning of rooftop on-grid solar power plants at two locations—Goalpara and Bijni in Assam. The tender has been issued by LIC’s Eastern Zonal Office in Kolkata. The project includes the installation of two 15 kW solar power plants, with an estimated cost of ₹13.74 lakh. The completion period for the project is set at four months.
Interested bidders can submit their proposals through LIC’s e-tendering portal. The bid submission period started on February 6, 2025, and will remain open until February 18, 2025. The bid opening process will begin on the same day at 3:30 PM. To participate, bidders must submit an Earnest Money Deposit (EMD) of ₹27,480 along with a tender fee of ₹1,180. Payments can be made online via NEFT/RTGS, and the transaction receipt must be submitted before the bid deadline.
The tender follows a competitive bidding process and has specific eligibility criteria. Bidders must demonstrate prior experience in executing similar solar power projects. To qualify, they must have completed at least one similar project worth ₹11 lakh, two projects worth ₹6.87 lakh each, or three projects worth ₹5.5 lakh each in the past seven years. The value of completed projects will be adjusted for inflation at a rate of 7% per annum.
Additionally, bidders must meet financial requirements, including a minimum bank solvency of ₹27.48 lakh or a net worth certificate of at least ₹6.87 lakh. The average annual financial turnover of bidders over the past five years should be at least ₹137.4 lakh, based on the three highest turnover years. Documents such as bank solvency certificates, net worth certificates, and financial statements certified by a Chartered Accountant must be submitted as proof.
The scope of work includes the installation of on-grid solar PV systems, supply, and installation of electrical components, earthing systems, and lightning arrestors. Bidders must also provide a comprehensive annual maintenance contract for the installed systems. The project will require strict adherence to safety standards and technical specifications.
Joint ventures and consortiums are not allowed to bid for this project. If a bidder is found to have submitted false information or has a history of poor performance in previous projects, they will be disqualified. Additionally, bidders with a record of significant project delays will not be considered.
A pre-bid meeting is scheduled for February 10, 2025, at 11:00 AM. The financial bids will be opened later, with the date to be communicated to qualifying bidders. The tender process will be conducted entirely online, and any updates or amendments will be published on LIC’s e-tender portal.
LIC reserves the right to reject any or all bids without providing any reason. Interested bidders are advised to thoroughly review the tender documents and meet all eligibility criteria before submitting their proposals. The project aims to enhance LIC’s commitment to sustainable energy solutions by integrating solar power into its office infrastructure.
