Banaras Locomotive Works Tender

The required prior work experience for the bidder includes successfully completing or substantially completing specific categories of work(s) during the last 07 (seven) years. The categories are: - Three similar works each costing not less than 30% of the advertised value of each component of the tender, - Two similar works each costing not less than 40% of the advertised value of each component of the tender, - One similar work each costing not less than 60% of the advertised value of each component of the tender. For substantially completed work, the payment equal to or more than 90% of the present contract value has been made to the contractor. The value of the final bill, including the PVC amount, shall be considered as the completion cost of work. In case of substantially completed work, the total gross amount already paid, including the PVC amount, shall be considered as the cost of substantially completed work. The percentage of similar works completed is 90% for substantially completed work. The amount for similar works completed is the total gross amount already paid, including the PVC amount. For subcontractors, they must have successfully completed at least one work similar to the work proposed for subcontract, costing not less than 35% value of work to be subletted, in the last 5 years. However, for subletting of work costing up to Rs 50 lakh, no previous work experience of the subcontractor shall be asked for. The bidder needs to submit certificates and testimonials regarding contracting experience for the type of job for which the tender is invited, along with a list of works carried out in the past. The bidder also needs to submit an audited balance sheet duly certified by a Chartered Accountant, regarding contractual payments received in the past. The average annual contractual turnover shall be calculated as an average of "total contractual payments" in the previous three financial years, as per the audited balance sheet. The tenderer must have a minimum average annual contractual turnover of V/N or V, whichever is less, where V is the advertised value of the tender in crores of Rupees and N is the number of years prescribed for completion of the work. The advertised value of the tender is mentioned as 27233756.26 for DSR-2023 (Civil Works) and 1407408.20 for NS Items (Electrical Works).