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Development and Maintenance of Land to be created in Offshore of Vadhvan Coast by Dredging, Reclamation and Construction of Offshore Protection Bund for Vadhvan Port on PPP to be executed on Hybrid Annuity Mode
Vadhvan Port Project Limited · Raigad, Maharashtra2025_VPPL_246098_1
Written by TenderKart AI from the documents published when it was generated. Check the tender for later corrigenda before you bid.
22 Aug 2025
23 Sept 2026
₹192.4 Cr
All important dates as they stand after corrigenda: publication, pre-bid/clarification deadline, bid submission deadline, bid opening, and bid validity period.
NIT/RFP invitation is dated 14 August 2025; bid documents downloadable from 22 August 2025.
Pre-bid meeting: 11 September 2025 at 11:00 IST; last date for receiving queries: 10 September 2025.
Online Bid Due Date is 17 August 2026 up to 15:00 Hrs (extended multiple times from original 7 October 2025).
Opening of bid scheduled on 18 August 2026 at 15:30 Hrs.
Bid validity is 180 days from Bid Due Date; Concession Agreement to be signed within 45 days of LOA.
Tender value or estimated cost, EMD/bid security (amount, acceptable forms, validity), tender document fees, performance security, and key payment terms.
Estimated Project Cost (excluding GST) is INR 19,238.57 Cr — Phase-1 INR 14,301.34 Cr and Phase-2 INR 4,937.23 Cr.
Bid Security is Rs. 192.39 Crore (without GST after Addendum-1); acceptable as Insurance Surety Bond, Account Payee DD, FDR, Banker's cheque or Bank Guarantee (including e-BG) from a Scheduled Bank.
Online RFP document fee is Rs. 23,60,000 (including GST) payable to VPPL.
Performance Security is 5% of Phase-1 BPC share (5% of 75% of BPC) within 30 days of Agreement, plus a separate Phase-2 Performance Security of 5% of 25% of BPC before Phase-2 construction starts.
Authority pays BPC as 45% during construction (10 equal 4.5% instalments per phase on physical-progress milestones) and remaining 55% as 20 biannual annuities from the 180th day of the relevant COD/Completion Certificate.
Every pass/fail eligibility and qualification requirement: experience and past performance, turnover/net worth, registrations and certifications, consortium/JV rules, and debarment or blacklisting conditions.
Over the past 10 financial years preceding Bid Due Date, Eligible Experience must exceed Rs. 14,301.35 Crore, with at least one-fourth from Port-sector Categories 1 and/or 3.
Minimum Net Worth Rs. 2,145.20 Crore at close of preceding financial year; BBB-and-above SEBI-authorised credit rating, or bank/FI comfort letter for term loan facilities.
Single entity or Consortium (max 6 members) must form an Indian Companies Act 2013 SPV; Lead Member equity at least 26%; experience-contributing members must hold ≥26% SPV equity and ≥5% of Total Project Cost for 6 months from COD; members collectively hold ≥51% until 6 months after Project Completion Date.
Entities barred by Central/State Government, or with specified past non-performance/expulsion/termination in last 3 years, are ineligible; GFR Rule 144(xi) land-border registration rules apply.
What is being procured: the work, supplies or services, deliverables and quantities, locations, phases, completion or delivery timelines, applicable standards, and notable exclusions.
PPP Hybrid Annuity concession for development and maintenance of offshore land at Vadhvan Port (Package-2B) through dredging, reclamation and offshore protection bund construction.
Phase-1: navigation-channel dredging, shore-protection bund/perimeter structure, reclamation of minimum 850 Ha (south to north), plus rail-yard fill, internal roads and common port utilities; Phase-2: reclamation of minimum 357 Ha on northern side with corresponding common infrastructure.
Construction Period 1,825 days (Phase-1 1,095 days; Phase-2 730 days) plus Operation Period of 10 years from Phase-2 COD; time for completion includes monsoon.
Works to conform to Schedule-D Specifications and Standards and Dredging Guidelines for Major Ports, 2021; O&M includes repair timelines in amended Schedule-K; maintenance dredging for navigation is generally not Concessionaire O&M scope (except siltation during construction enabling shore protection).
The complete checklist of documents to submit — mandatory vs conditional, with any prescribed formats, proformas or annexures — plus how to submit: portal and mode, envelope/cover structure, digital signature requirements, signing and attestation rules, and physical originals with their deadline.
Single-stage two-cover e-tender on CPPP https://etenders.gov.in/eprocure/app; Technical Bid (first envelope) then Financial Bid (second envelope) for technically responsive bidders only.
Specified originals must be physically submitted within 5 days of Bid Due Date to CMD, VPPL, 15th Floor, Express Towers, Nariman Point, Mumbai 400021; Lowest Bidder failure triggers 5-year debarment from VPPL projects.
Every corrigendum/addendum in order — what changed (original vs amended value), its impact, and the action for the bidder — ending with the values that finally apply.
Bid submission extended 8 times from original 7 October 2025 (open 8 Oct 2025) to final 17 August 2026 up to 15:00 Hrs, with opening on 18 August 2026 at 15:30 Hrs.
Major package of pre-bid replies plus Addendum-1: removed GST on Bid Security; aligned experience look-back to 10 years; USD conversion rate Rs.80; Financial Close/CP timelines extended; Total Project Cost definition raised to 45% of BPC; revised drawings/clarifications on dredging depths, royalties and scope.
Additional pre-bid replies (Employer said no further queries), monsoon included in 1,825-day completion, typo fixes in termination payment tables, designation corrections, and filled/amended Schedule-K and Schedule-T.
Issued 9 July 2026 with replies to additional queries (incl. project road vs 2-lane service road vs port internal roads) and final Bid Due Date extension to 17 August 2026.
Use these final positions for bidding: Bid Due Date 17 Aug 2026 15:00 Hrs; open 18 Aug 2026 15:30 Hrs; Bid Security Rs.192.39 Cr without GST; experience 10 years; Financial Close 270 days baseline; TPC = 45% of BPC; construction 1825 days including monsoon; document fee Rs.23.60 lakh incl. GST; EPC Rs.19,238.57 Cr.
Genuine conflicts within and across the documents (original vs corrigenda, clause vs annexure, tender document vs BOQ): both sides with citations, and which value prevails.
Addendum-1 removed 'plus GST' from Bid Security amount in operative RFP clauses, but Appendix-VIII Surety Bond format (and some unamended checklist lines) still print 'plus GST'.
Clause 2.1.7 says Bid Security refundable no later than 90 days from Bid Due Date (except Selected Bidder), while Clause 1.2.4 says refundable not later than 90 days from placement of LOA.
Original RFP mixed 10-year Technical Capacity (2.2.2(A)) with 5-year certificate/details clauses (2.2.4(i), 3.5.1); Addendum-1 amended the 5-year references to 10 years.
Pre-bid queries flagged conflicts between Schedule text and drawings (e.g. harbour basin -17.5 vs -19.5 m CD). Authority repeatedly replied to refer Addendum-1 revised drawings.
RFP submission address is Express Towers, Nariman Point, while corrigendum letterheads show registered office at Administrative Building, Sheva, Navi Mumbai.
Only critical, tender-specific pre-bid queries that could materially change bid/no-bid, pricing, eligibility or contractual risk. Skip generic or obvious questions the documents already answer clearly.
Seek written confirmation that BG/Surety Bond may be issued for Rs. 192.39 Cr only, and that residual 'plus GST' wording in Appendix-VIII/unamended clauses is superseded by Addendum-1.
Ask for enforceable breakwater progress milestones / idle-time relief if Authority supporting infrastructure or breakwater sheltering lags while HAM milestones/Damages continue to run.
Request locked royalty rates, measurement principles and risk-sharing if MoM/State rates change, or if designated quarry/borrow-pit quantity/quality is insufficient.
Clarify whether settlement below +6.8 m CD after land is handed to other port users still remains HAM Concessionaire risk, and how 'unoccupied' is determined under amended Schedule-K.
Seek chainage maps and objective damage-assessment protocol for Project Road vs Breakwater Contractor's 2-lane service road vs HAM internal roads after Corrigendum-9 reply 801.
Commercial, legal and execution risks a bidder should weigh: liquidated damages and penalties, unusual or one-sided clauses, tight timelines, and payment or security risks.
Bid Security alone is Rs. 192.39 Cr; Performance Security is 5% of each phase BPC share, with possible Additional Performance Security if bid is more than 10% below estimate.
Project Milestone delay Damages at 0.1% of Performance Security per day; construction period expressly includes monsoon; concurrent breakwater dependency is largely bidder-borne.
DCA disclaimer places site/subsoil/geology/climate risk on Concessionaire; royalties and many material costs must be self-ascertained despite incomplete price certainty.
Only 45% of phase BPC is paid during construction against physical progress; 55% deferred over 10 years of biannual annuities — heavy financing/IDC exposure.
Appointed Date needs Authority Right of Way, permits/clearances and Supporting Project Infrastructure (Schedule T); Authority gets long free-extension windows after Addendum-1, while Concessionaire faces Damages for its own CP/Financial Close delays.
The inviting authority and relevant contacts: office, person, designation, address, phone and email — and which address receives physical submissions, if any.
Vadhvan Port Project Limited — physical bid documents to Chairman & Managing Director, 15th Floor, Express Towers, Nariman Point, Mumbai, Maharashtra 400 021.
Project emails [email protected] and [email protected]; registered office contacts also published on corrigendum letterheads.