Rural Works Department Tender

The bidder should have satisfactorily completed as a prime contractor or subcontractor at least one similar work of an agreement of a value not less than 25% of the amount put to bid. This indicates that the required prior work experience for the bidder involves completing a similar work with a value of at least 25% of the bid amount. Additionally, the bidder's experience is considered valid if the similar work was completed before the cutoff date, which is the last date of the month before the last date of receipt of tender. In terms of financial requirements, the bidder should have achieved a minimum annual financial turnover of 50% of the amount put to bid. Furthermore, at least 50% of this turnover should be from civil engineering construction works in any one year in the last five years. The turnover is indexed at the rate of 8% per year, updated to the price level of the current financial year in which bids are invited. Therefore, the required prior work experience includes completing a similar work with a value of at least 25% of the bid amount, and the bidder should have a minimum annual financial turnover of 50% of the bid amount, with at least 50% of this turnover coming from civil engineering construction works.