Eastern Coalfields Limited Tender

The required prior work experience for the bidder includes: - Completion of a single work of similar nature costing not less than 80% of the estimated cost put to tender. - Completion of two works of similar nature, each costing not less than 50% of the estimated cost put to tender. - Completion of three works of similar nature, each costing not less than 40% of the estimated cost put to tender. The experience can be in the form of: - Three similar completed works, each costing not less than 40% of the estimated cost put to tender. - Two similar completed works, each costing not less than 50% of the estimated cost put to tender. - One similar completed work, costing not less than 80% of the estimated cost put to tender. A simple weightage of 7% per year is given to bring the cost of previous completed works to the current price level. The average annual financial turnover during the last 3 years should be at least 30% of the estimated cost put to tender. Note that the work experience criteria are not applicable for tenders with an estimated cost value (ECV) below 50 lakhs. The bidder must have prior work experience of having successfully completed similar work during the last 7 years.