Indian Institute Of Technology Tender

The bidder is required to have prior work experience of having successfully completed similar works during the last 07 years. The experience can be in the form of: - Three similar completed works each costing not less than Rs. 1,49,22,044/- - Two similar completed works each costing not less than Rs. 2,23,83,066/- - One similar completed work costing not less than Rs. 2,98,44,088/- The value of executed works shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum. No specific percentage of similar works completed is mentioned. However, the bidder needs to provide proof of having satisfactorily completed similar works to the satisfaction of the competent authority. Note that the condition of prior turnover and prior experience may be relaxed for Startups, subject to meeting quality & technical specifications.