Kerala Industrial Infrastructure Development Corporation Tender

KPWD A class registration (or equivalent Class or above)

To determine the bid capacity required, we look at the conditions that must be met by the bidder. The bidder should have satisfactorily completed works of a certain magnitude within the last seven years. The specific requirements are: 1. Three similar works each costing not less than Rs 224.35 Lakhs 2. OR, two similar works each costing not less than Rs 336.53 Lakhs 3. OR, one similar work costing not less than Rs 448.71 Lakhs The value of executed works is to be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum. Additionally, the bidder should have a latest solvency certificate from any bank to an amount of Rs 224.35 Lakhs. The bid capacity required can be summarized with the following values and formulas: 1. Three similar works: Each work must be at least Rs 224.35 Lakhs. 2. Two similar works: Each work must be at least Rs 336.53 Lakhs. 3. One similar work: The work must be at least Rs 448.71 Lakhs. 4. Solvency Certificate: Rs 224.35 Lakhs. 5. Value Enhancement Formula: Actual value of work * (1 + 0.07 * number of years since completion). These are the key figures and formulas related to the bid capacity required for this tender.