RBI bars joint ventures in ₹165 crore Patna officer housing tender

The contract includes civil works, electrical and mechanical installations, landscaping, and other infrastructure in an EPC Mode-III turnkey basis.

Who can bid: Bidders must be CPWD enlisted contractors of the appropriate class in the 'Building & Road' category. Joint Ventures are not accepted. Eligibility requires either: (1) Three similar completed works each costing at least Rs. 66.12 Crore, OR (2) Two similar completed works each costing at least Rs. 99.17 Crore, OR (3) One similar completed work costing at least Rs. 132.23 Crore. 'Similar work' is defined as construction of building works with at least one 10-storey building executed under one agreement. Additionally, bidders must have completed one work costing at least Rs. 33.06 Crore using 'monolithic concrete construction system technology using Aluminium Formwork' (or associate with a contractor who has). Bidders must have an average annual financial turnover of Rs. 49.59 Crore on construction works during the last three consecutive financial years ending 31 March 2026. Bidders must not have incurred a loss in more than two of the last five consecutive balance sheets.

Key terms

• Estimated Cost: ₹1,65,28,78,800
• Earnest Money Deposit: ₹1,75,28,788
• Time Allowed: 30 months
• Tender Type: EPC Mode-III (Percentage rate online composite bids)
• Bid Submission Deadline: 16/10/2026 up to 15:00 Hrs.

Also in the document

• The tender requires specific experience with 'monolithic concrete construction system technology using Aluminium Formwork', which is a specialized construction method.
• The financial turnover requirement (Rs. 49.59 Crore) and experience thresholds are high relative to the total project cost, indicating a requirement for large-scale contractors.
• Joint Ventures are explicitly not accepted, limiting the ability of smaller firms to pool resources to meet the high eligibility criteria.