Jharkhand Urja Sancharan Nigam Limited Tender

The required prior work experience for the bidder is related to the "Bid Capacity" and "Minimum Average Annual Turnover (MAAT)". The bidder's available bid capacity should be more than the estimated cost, calculated based on the maximum value of works executed in any one year during the last five years. The calculation formula is: Assessed Available Bid capacity = (A x N x 2 – B), where A is the maximum value of works executed in any one year, N is the time period for completion of work, and B is the value of existing commitments and on-going works. The bidder should have a Minimum Average Annual Turnover (MAAT) of not less than the estimated cost during the immediately preceding three financial years. Specific values and percentages of similar works completed are not mentioned. However, the bidder should have completed works with a value that can be used to calculate the available bid capacity. Additionally, the bidder's Net Worth should be positive, and any pending litigation and arbitration should not represent more than 100% of the bidder's Net Worth. The bidder should also have access to a line of credit and liquid assets equal to 25% of the estimated cost.