Request for Quotations

State Electric Company Limited (STELCO) requests sealed quotations from interested and eligible parties for the following work. This request for quotation is open for both local and international bidders.

A pre-bid meeting shall be held on Tuesday, 24^th March 2015 at 11:30 hrs (local time) at STELCO Head Office, 2^nd Floor meeting room.

• Quotation shall indicate the following:

- Price

* Quotation shall indicate the unit price, total price for each item and total price of the quotation.

- Currency (If not stated, shall be assumed as Maldivian Rufiyaa).

- Duration (In days). A particular duration not specified shall be taken same as the party offering the longest duration.

- Technical specification(s): All the relevant information(s) shall be complete to enable technical evaluation of the item(s) quoted.

- Payment terms: 100% within 30 working days upon completion of the work.

- Quotation validity: Quotation validity shall be minimum 45 days from the date of quotation opening.

- Company details: Shall submit company profile, registration copy and contact details.

- Important Note:

• It is in STELCO’s discretion to reject/cancel any quotation which does not fulfil or comply the above terms, at anytime during the quotation evaluation process. Also it is in STELCO’s discretion to cancel this request for quotation at anytime. 

• For foreign bidders, 10% of the cost charged for the service will be held as With Holding Tax (WHT).

• In a state under 8:01 of “Maaliayathu Gavaidhu -8:01- point 7”, bidder shall submit all the relevant documents mentioned in the clause “8:01 – point 7 with the bid document.

• Quotation evaluation criteria for technically approved quotations:

All Quotations shall be evaluated on the following basis. Points (pts) shall be given according to the formula below.

- Price =                       85 pts   [(Minimum Quoted Price) / (Quoted Price) x 85].

- Duration =                 05 pts   [(Shortest duration) / (Quoted duration) x 05].

- Experience =              10 pts (Shall submit reference letters of previous supplies for similar work).

* Additional (US$25.00 plus 4% of quotation amount shall be included to the price of quotation as financial costs for overseas payments).

• The quotations shall be submitted in sealed envelope and addressed as follows:

            Head of Procurement Department

            State Electric Company Limited.

            Ref. no: H-2015/58

- All sealed quotations shall reach STELCO head office on or before Sunday, 05^th April 2015, 11:30hrs. Any quotation(s) received after this deadline shall be disqualified.

- STELCO shall not be liable for the misplacement or premature opening for the unlabeled sealed quotations.

• Quotation Opening:

Quotation shall be opened on Sunday, 05^th April 2015, 11:30hrs, in STELCO Head Office / 2^nd Floor meeting room, in the presence of those parties or their representatives who wish to attend the session.                                                                                                                                                                                 

• Further information:

Interested parties may obtain further information from the following address:

Procurement Department

State Electric Company Limited.

Ameenee Magu, Male’, 20349

Republic of Maldives

Tel:  (960) 333 8122 / (960) 333 8123

Fax:  (960) 332 7036

E-mail: [email protected].

- This request for quotation is also published in STELCO website www.stelco.com.mv