Employees State Insurance Corporation Tender

The bidder should have prior work experience of similar nature, with specific requirements. The experience can be in the form of completed or ongoing works during the last 7 years, with the following options: - Three similar works each costing not less than 40% of the estimated/budgeted cost - Two similar works each costing not less than 60% of the estimated/budgeted cost - One similar work costing not less than 80% of the estimated/budgeted cost For similar completed works, the final cost as mentioned in the completion certificate shall be considered, while for similar ongoing works, the original cost as given in the sanction order along with a certificate for satisfactory performance shall be considered. The value of completed works is enhanced at a simple rate of 7% per annum from the date of completion to the last date of receipt of the application for the bid document. Additionally, the bidder's average annual financial turnover should not be less than 30% of the estimated cost during the immediate last 3 consecutive financial years.