Hindustan Steelworks Construction Limited Tender

The required prior work experience for the bidder involves having successfully completed similar works during the last 7 years. The similar works can be categorized into three scenarios: - Three similar works each costing not less than 40% of the estimated cost put to tender, - Two similar works each costing not less than 50% of the estimated cost put to tender, - One similar work costing not less than 80% of the estimated cost put to tender. The "similar works" refer to Residential/Non-Residential Building works of any number of storeys. The value of executed works shall be brought to the current level by enhancing the actual value of work done at a simple rate of 7% per annum. In cases where the bidder is submitting experience certificate for works done in joint venture (JV)/consortium with other firms/companies, their proportionate experience to the extent of its share in the JV/consortium or work done by them shall only be allowed on submitting the valid proof of their share/ work done. Additionally, the Average annual Audited financial turnover for the last 3 years shall be at least 40% of the estimated cost put to tender, with the value of annual turnover figures also being brought to the current value by enhancing the actual turnover figures at a simple rate of 7% per annum.