Rural Works Department Tender

The required prior work experience for the bidder includes having satisfactorily completed as a prime contractor or subcontractor at least one similar work of an agreement value not less than 25% of the amount put to bid. This means the bidder must have completed a similar work with a value of at least 25% of the current bid amount. For example, if the bid amount is $100, then the bidder should have completed a similar work with a value of at least $25 (25% of $100). The experience certificates for similar work are considered up to a certain cutoff date, which is the last date of the month before the last date of receipt of tender. Additionally, the bidder should have achieved a minimum annual financial turnover of 50% of the amount put to bid, with at least 50% of this turnover being from civil engineering construction works. 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 similar work with a value of at least 25% of the bid amount and achieving a minimum annual financial turnover of 50% of the bid amount, with 50% of the turnover from civil engineering construction works.