Public Works Roads Department Tender

The required prior work experience for the bidder includes completion of works of a similar nature and size, with a value of at least 1/3rd of the respective value of work, which is not less than one third of the contract value. The bidder should have achieved a minimum annual financial turnover of 67% of the DNIT value in any one year. The value and percentage of similar works completed are as follows: * The annual financial turnover amount: 67% of the DNIT value, in any one year of respective value of work. * Value of similar work: 1/3rd of respective value of work (Not less than one third of contract value). * Quantities of works are: 40% of estimated quantity of major items. 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 bidder is also required to have completed similar works in the last 5 years, with a certificate of similar nature of work done issued by the authorized Engineer in-charge. The bidder should have a minimum cash up to 25% of the value of the work during implementation of the Contract and evidence of access to or availability of credit facilities (minimum 10% of notified contract value) certified by the bankers. The bidder's available bid capacity at the expected time of bidding should be more than the total bid value, calculated as: Assessed available bid capacity = (A*N*2-B), where A is the maximum value of civil engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments and ongoing works to be completed during the next financial year.