Public Works Roads Department Tender

The required prior work experience for the bidder includes having achieved a minimum annual financial turnover of 67% of the DNIT value in any one year. They should have also satisfactorily completed at least one similar work of value not less than 1/3 of the DNIT value, with a completion rate of not less than 90% of the contract value. Additionally, the bidder should have executed in any one year, the minimum quantities of the major items of work, usually not less than 40% of the estimated quantity. The value of similar work is 1/3rd of the respective value of work, which should not be less than one third of the contract value. The bidder should have completed works of a similar nature and size for each of the last five years. The annual financial turnover amount should be 67% of the DNIT value in any one year. A relaxation in qualification criteria is provided for unemployed Graduate/Diploma Engineers, with a minimum annual financial turnover of 25% of the DNIT in any one year. The bidder should also have a minimum cash investment of up to 25% of the value of the work during implementation of the Contract. The bidder is required to submit a certificate of similar nature of work done, completed in the last 5 years, and a certificate of executed quantities of work done in the last 5 years. They should also submit a list of existing commitments with the value of remaining work as on the date of submission of the bid, and an audited balance sheet of the last 5 years.