Hindustan Steelworks Construction Limited Tender

The required prior work experience for the bidder includes one of the following conditions: a. One similar work costing not less than 40% of the estimated cost put to tender or Rs. 400 crore, whichever is less; OR b. Two similar works each costing not less than 50% of the estimated cost put to tender or Rs. 500 crore, whichever is less; OR c. One similar work costing not less than 80% of the estimated cost put to tender or Rs. 800 crore, whichever is less. In case of projects having ECPT above Rs. 1000 Cr., minimum eligibility criteria for similar work experience is defined by considering ECPT as Rs. 1000 Cr. 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. The percentages of similar works completed mentioned are 40%, 50%, and 80% of the estimated cost put to tender, with corresponding amount values of Rs. 400 crore, Rs. 500 crore, and Rs. 800 crore, respectively. Additionally, the average annual audited financial turnover for the last 3 years should be at least 40% of the estimated cost put to tender, and the audited net worth of the company/firm should be a minimum of 10% of the estimated cost put to tender. A self-certified copy of the bank solvency certificate should be submitted for at least 40% of the estimated cost of the project put to tender.