BEML Limited Tender

The required prior work experience for the bidder is 3 years. The bidder should have completed similar works with specific values and percentages, including: - Three similar completed services costing not less than 40% of the estimated cost, - Two similar completed services costing not less than 50% of the estimated cost, - One similar completed service costing not less than 80% of the estimated cost. Additionally, the bidder should have executed at least one project with a contract value of INR 198 Lakhs or more, or at least two projects with a contract value of INR 124 Lakhs or more each, or at least three projects with a contract value of INR 99 Lakhs or more each. The average annual turnover of the last three audited financial years should be at least 30% of the cost of work, which is INR 74 Lakhs. The net worth of the bidder during the last audited financial year should be a minimum of 10% of the cost of work, which is INR 25 Lakhs. However, some sources also mention that the bidder's minimum average annual turnover for 3 years should be 74 Lakh, and the bidder must have experience of providing similar services. In one case, the required prior work experience for the bidder is 0 to 3 Years with no mention of similar works completed, amount, or percentage.