Department Of Rural Development And Panchayats Tender

The required prior work experience for the bidder includes having credentials for successful completion of at least one contract of the same type of work in the same name and style as the prime contractor, having a magnitude of at least 40% of the amount put to tender of the proposed contract within the last 5 years. Alternatively, the bidder should have completed 2 similar nature of work, each of minimum value of 30% of the estimated amount put to tender during the last 5 years. The bidder should also have prior work experience as a prime contractor within the last five years, with a value of 40% of the amount put to tender or of the estimated amount put to tender. Additionally, the bidder is required to have a minimum value of civil engineering works executed in any one year during the last five years. The value of similar works completed should be mentioned, but the exact percentage is not specified. However, for works valued more than 1 Cr, the bidder needs to provide information on their existing commitments and on-going works. The bidder's bid capacity is calculated based on their past work experience, using the formula: (A*N*M – B), where A is the maximum value of civil engineering works executed in any one year during the last five years, N is 1 if completion time is more than 6 months and 0.5 if completion time is less than or equal to six months, M is 3, and B is the value of existing commitments and on-going works to be completed during the period of completion of the works for which bids are invited. The value of "A" is updated to the price level of the last year at the rate of 8 percent simple interest per year. The bidder should provide information on their past work experience, including the value of works completed, to assess their bid capacity. The amount and percentage of similar works completed are: 40% of the amount put to tender, and 30% of the estimated amount put to tender for two similar works.