KITCO Limited Tender

The bidder should have successfully completed at least one similar work costing more than 80% of the Probable Amount of Contract (PAC) of the work during the last seven years as Prime Contractor. Alternatively, the bidder can also qualify with two similar works each costing more than 60% of the PAC during the last seven years, or three similar works each costing more than 40% of the PAC during the last seven years. Similar work means Construction of Multistoried building/ structures including its related electrical, plumbing, firefighting works and allied other service requirements. The experience certificate from the Engineer/ Client for whom the work was done should show details like agreed PAC, completed value of work, start and end date, and whether the work was completed satisfactorily. The bidder's annual financial turnover should be at least 30% of the PAC of the work. The bidder should submit certified audited copies of its balance sheet and profit and loss account to demonstrate its annual financial turnover during the last 3 years. In terms of specific values, the bidder needs to have working capital of more than 10% of the probable estimated cost of the work for which they are bidding. The bidder should also have successfully completed similar works with specific percentages of the PAC, including 80%, 60%, and 40%. The amount of similar works completed is not explicitly mentioned, but it is required to be more than the specified percentages of the PAC.