Indian Institute Of Technology Tender

The required prior work experience for the bidder is not explicitly stated. However, the bidder is required to provide information about their past projects, including the name of the work/project, location, owner or sponsoring organization, cost of work, date of commencement, stipulated date of completion, and actual date of completion. The bidder must also provide a performance report for the works referred to in Form "C", which includes details such as the estimated cost, tendered cost, date of start, date of completion, and amount of compensation levied for delayed completion, if any. No specific value or percentage of similar works completed is mentioned. The bidder is required to submit details of all similar works completed during the last five years ending 31 March 2025, but the evaluation criteria for the prior work experience are not specified. The bidder is required to furnish a list of all works of similar nature successfully completed during the last five years in Form "C". Additionally, the bidder should provide a list of projects under execution or awarded in Form "D", and particulars of completed works and performance of the bidder should be furnished separately for each work completed or in progress in Form "E". However, no specific value or percentage of similar works completed is mentioned. The bidder is only required to submit a list of similar works completed, along with the name of the work and the entity that certified it. In terms of financial requirements, the bidder should have had an average annual financial turnover of Rs. 1.2 Cr. on construction works during the last three years ending 30th March 2025. The bidding capacity of the contractor should be equal to or more than the estimated cost of the work put to tender, calculated using the formula: Bidding Capacity = [AxNx2]-B. The value of executed works shall be brought to current costing level by enhancing the actual value of work at a simple rate of 7% per annum. The bidder should not have incurred any loss in more than two years during the last five years ending 30th March 2025. Therefore, while there is a requirement for prior work experience, the specific details of value and percentage are not provided, except for the average annual financial turnover and the bidding capacity formula.