IND-71/Palsikar colony/Tender
Tender Specifications & Timeline
17 FieldsAward of Contract (AOC) Details
Awardee / Contractor
MIHIR JAISWAL
Award Date: 13-Apr-2026
Completion Period: 353 Days
Contract Financials & Scope
INR 109,300,001
Contract Award Info Updated 13-Apr-2026 03:02 PM by Ramcharan Dawar
Total Bidders
3
Winning Bid (H1)
₹10.93 Cr
Estimated Value (PAC)
₹16.80 Cr
Margin vs Estimate
-34.94%
H1 to H2 Spread
+3.71%
Completion Period
353 days
AOC Award Date
13-Apr-2026
| Rank | Bidder / Contractor | Quoted Bid | Gap vs H1 | vs Estimate | Status |
|---|---|---|---|---|---|
| H1 | Mihir Jaiswal#1478413 | ₹10.93 Cr | 0.0% (H1) | -34.94% | Awarded |
| H2 | Patel Beer Private Limited#1478620 | ₹10.54 Cr | -3.58% | Rejected-Fin | Rejected-Fin |
| H3 | Mahesh Kumar Rai#1478594 | ₹10.21 Cr | -6.55% | Rejected-Fin | Rejected-Fin |
This tender covers iND-71/Palsikar colony/Tender, issued by Excise Department under reference 3097/10.04.2026 For 18th Round Tender. The estimated contract value is ₹16.80 Cr, and the tender is currently Awarded. Following contract finalisation, the work has been awarded to MIHIR JAISWAL for a total value of ₹10.93 Cr.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in Collectorate Indore. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
H3
Highest Bidder
H2
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
MAHESH KUMAR RAI #1478594 | 12-Apr-2026 02:46 PM | Rejected-Finance Updated: 13-Apr-2026 02:59 PM | 102141999.00 | H3 | H3 |
MIHIR JAISWAL #1478413 | 12-Apr-2026 01:25 PM | Accepted-AOC Updated: 13-Apr-2026 03:02 PM | 109300001.00 | H1 | Highest Bidder |
PATEL BEER PRIVATE LIMITED #1478620 | 12-Apr-2026 02:08 PM | Rejected-Finance Updated: 13-Apr-2026 02:59 PM | 105390000.00 | H2 | H2 |
Bid Evaluation Details & Logs
technical bid opening
Date: 12-Apr-2026 03:24 PM
Officer: Ramcharan Dawar
3 bids have been received
technical evaluation
Date: 12-Apr-2026 03:26 PM
Officer: Ramcharan Dawar
finance bid opening
Date: 12-Apr-2026 03:33 PM
Officer: Ramcharan Dawar
ok
finance evaluation
Date: 13-Apr-2026 02:59 PM
Officer: Ramcharan Dawar
About This Procurement Notice
This Madhya Pradesh state government tender was issued by Excise Department. The estimated contract value is ₹16.80 Cr. Bids must be submitted by 12-Apr-2026 03:00 PM.
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Frequently Asked Questions
- QWhat is the status of the tender "IND-71/Palsikar colony/Tender"?
- The current status of this tender is "Awarded". The submission deadline is 12-Apr-2026 03:00 PM. This information is sourced from official government procurement portals.
- QWho issued this Madhya Pradesh government tender?
- This tender was issued by Excise Department. The reference number is 3097/10.04.2026 For 18th Round Tender. It is a Madhya Pradesh state government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹16.80 Cr. This is the approximate contract value as disclosed in the official tender document.
- QWho won the contract for this tender?
- The contract for "IND-71/Palsikar colony/Tender" has been awarded to MIHIR JAISWAL with an awarded contract value of ₹10.93 Cr.
- QWhat is the final awarded contract value?
- The final awarded contract value is ₹10.93 Cr (34.94% below the estimated PAC of ₹16.80 Cr).