Financial Bids for Thiruvananthapuram Monorail scheduled to be opened today

DMRC expected to give report within two weeks

Thiruvananthapuram (TVC): The financial bid for selecting the exclusive developer-contractor for the Rs.5,581-crore elevated mass rapid transit system for Thiruvananthapuram and Kozhikode will be opened on August 11 in New Delhi.

The Delhi Metro Rail Corporation (DMRC), the general consultant for the project in the two cities, was officially informed about the decision of the board meeting of the Kerala Monorail Corporation Limited to open the financial bid.

The DMRC had evaluated the technical bid submitted by the consortium led by Bombardier Transportation Holdings USA Inc and had found it “responsive” as it meets the technical parameters in the Detailed Project Report.

The financial bid will be opened in the presence of KMCL officials in New Delhi on August 11, official sources told. Compared to the 51-days taken for evaluating the technical bid, the DMRC is expected to give its report on the financial bid within two weeks.

The DMRC will be using the two-weeks after opening the financial bid on August 11 for tabulation and other works. The report will have to be placed before the KMCL board headed by the Chief Minister.

CVC norms

The hurdle is whether the financial bid follows the guidelines of the Central Vigilance Commission (CVC). The variation should be less than 10 per cent. Only a single bid was received even after floating global tenders twice for the flagship project. There is scope for negotiations if there is variation, the sources said.

The advice of the Principal Advisor to DMRC and State Planning Board member E. Sreedharan will be crucial in taking a decision on awarding the work.

The DMRC authorities are keenly watching the behind-the-curtain move to retender the project again citing the interest shown by a new player. The presentation made by the new player to key KMCL officials when the evaluation was on is being viewed seriously.

The objections raised at the board meeting and officials batting for including the new player by retendering citing only one bidder has raised eyebrows. The same player had backed out without submitting the bids after seeking an extension, the sources pointed out.