DRDO's lab CVRDE issued a Tender for Development and Supply of a 1500Hp engine for Future Main Battle Tank aka FMBT. Ashok Leyland Limited, BEML Limited, Enlivening Technologies Pvt Limited, Kirloskar Oil Engines Limited, TATA Motors Limited and VEM Technologies had placed their bids for the same. During Techno-Commercial Evaluation Stage, Enlivening Technologies Pvt Ltd and VEM Technologies Pvt Ltd got eliminated due to "Not Complied with Technical Specifications" and also they have not submitted the "IP EMD".
Here comes the interesting part, the Financial Bidding and Evaluation Stage.
The price quoted by the companies were :
- BEML : INR 3,20,68,91,750.00
- Ashok Leyland: INR : 7,23,26,75,973.00
- Kirloskar Oil : 4,46,20,00,000.00
- TATA MOTORS: 5,08,64,43,384.00
BEML was announced the Lowest Bidder 1 (L1) and was given the final contract. The contract was signed on 04.12.2017. The delivery period is of 60 months ie 03.12.2022. Price Breakup :
Total Basic Cost : INR 278,00,000,000
GST(18% for the Job and 2% for deliverable) : 59,69,65,000