State Trading Organization Plc. (STO) is pleased to offer registered parties in Maldives, the opportunity to submit proposals for hiring a party to carry out the renovation works of Biomedical Office at STO Trade center.

1.     Project Overview

1.1    Demolition works

1.2    Masonry and Plastering works

1.3    Carpentry works

1.4    Metal works

1.5    Ceiling works

1.6    Doors and Windows

1.7    Painting and Decorations

1.8    Finishing works

1.9    Electrical works

1.10  Firefighting works

1.11  Hydraulics and Drainage works

2.     The Eligible Tenderers are limited to:

2.1    The applicant must provide client-issued reference letters as evidence of having successfully completed a minimum of one (1) similar project (General Renovation/Construction/Interior works) within the past Five (05) years, with a total value of at least 700,000 MVR (Seven Hundred Thousand Maldivian Rufiyaa).

2.2    STO reserves the right to reject reference letters issued by companies that are blacklisted by STO and if STO confirms that a party registering is blacklisted by STO, or is affiliated with a blacklisted party, STO reserves the right to deny registration to that party.

2.3    If STO ascertains that the reference letters are forged or fabricated for work not actually performed, STO reserves the right, under this announcement, to deny registration to that party.

2.4    The applicant must not be a Blacklisted / Default/ Legal Customer of State Trading Organization Plc. or any subsidiaries of State Trading Organization Plc.

2.5    The applicant must not be blacklisted or debarred by the Ministry of Finance and must not have any unresolved issues with the Ministry of Economic Development or MIRA.

3.     Eligibility of the proponent will be validated by:

3.1    Reference letter/work completion certificates or any documentation in the name of Companies/Government Entities/Institutions/Commission/Resort Retainers etc. (any legal or government entity) which proves bidders’ engagement in the proposed similar nature of works (as mentioned in section 2.1).

4.     Required documents for registration:

4.1    Relevant business registration certificate.

4.2    Relevant tax registration certificate.

4.3    Memorandum of association (If applicable).

4.4    Articles of association (If applicable).

4.5    Business information sheet (Ministry of economic development).

4.6    Bank details.  

4.7    Identity card / Passport copies of business shareholders / Owner.

4.8    MIRA Tax clearance report.

4.9    Work completion letters with attached project data sheet

Note: STO reserves the right to request additional documents or supporting evidence, including photographs of the works undertaken, to verify the authenticity and completion of the works stated in the submitted work completion letters.

5.     Tendering Process

Registration & bid document: Tenderers can register via email to [email protected] along with the company certificates and documents required to verify the eligibility criteria.

Deadline for registration:         01^st October 2026, 11:00hrs

ONLY Eligible Tenderers can participate in the tender.

A complete set of Bidding Document in English will be sent via emailonly to the parties who have successfully registered and are eligible under the tender. 

STATE TRADING ORGANIZATION PLC.                         

Address: Boduthakurufaanu Magu, Maafannu, Male’ 20345, Republic of Maldives

Telephone: 2496

Contact person: Saathiu Hussain

E-mail Address:  [email protected]

For further information, please contact STO Plc. on the above address.

Note: All timings mentioned are Maldivian timings (GMT+05:00)

All dates and timings may be subject to change and will be informed via email beforehand.