Hindustan Steelworks Construction Limited Tender

The bidder is required to have prior work experience in similar works, with details of similar work experience certificates, including completion certificates and documentary proof of details. The required prior work experience includes: - Three similar works each costing not less than 40% of the estimated cost put to tender or Rs. 400 crore, whichever is less. - Alternatively, two similar works each costing not less than 50% of the estimated cost put to tender or Rs. 500 crore, whichever is less. - Or, one similar work costing not less than 80% of the estimated cost put to tender or Rs. 800 crore, whichever is less. The bidder should have experience of having successfully completed similar works during the last 7 years. The value of executed works should be brought to the current level by enhancing the actual value of work done at a simple rate of 7% per annum. The average annual audited financial turnover for the last 3 years should be at least 40% of the estimated cost put to tender. The cost of work on completion, agreement amount, and amount of compensation levied for delayed completion should be mentioned in the experience certificate. The bidder should also submit a work experience certificate with details of the work, including the name of the work/project, location, client, agreement amount, cost of work on completion, and dates of start and completion. For projects having an estimated cost above Rs. 1000 crore, "similar works" shall mean "Residential/Non-Residential Building works of any number of storeys". The Net Worth of the company/firm as on the last day of the preceding Financial Year should be positive. The value of free supplies, if any, should be separately certified by the employer or a practicing cost/chartered accountant. The bidder must submit details of similar works executed, including the name of the work, location, type of work, name of the client, date and number of completion certificate, date of start and completion, final/approved value of the contract, and cost of items supplied by the employer free of cost or at fixed rates. The bidder must also provide the cost of work on completion, including the cost of supplies free of cost or at a fixed rate by the employer, calculated as (X+Y), where X is the final/approved value of the contract (excluding items supplied free of cost by the employer) and Y is the cost of items supplied by the employer free of cost or at fixed rates. If any of the works were executed in a joint venture (JV), the bidder must submit details of the JV, including the name of the work, location, name of the clients, name of the JV member, bidder's share percentage in the JV, type of work, date and number of completion certificate, date of start and completion, final/approved value of the contract, and cost of items supplied by the employer free of cost or at fixed rates. The forms provided require the bidder to fill in the details of similar work experience, including the value and percentage of similar works completed. The average annual audited financial turnover for the last 3 years should be at least 40% of the estimated cost put to tender. Mentioned values and percentages include: - 40% of the estimated cost put to tender or Rs. 400 crore for three similar works - 50% of the estimated cost put to tender or Rs. 500 crore for two similar works - 80% of the estimated cost put to tender or Rs. 800 crore for one similar work - 40% of the estimated cost put to tender for average annual audited financial turnover - 7% per annum for enhancing the actual value of work done.