Lucknow Development Authority Tender

The required prior work experience for the bidder varies based on the individual's qualifications and the contract value. - For a Degree Holder in Civil Engineering, a minimum of 2 years of experience is required. - For a Diploma holder in Civil Engineering, a minimum of 2-4 years of experience is required, but the exact requirement is unclear. - For contract value up to Rs. 2 Crore and above Rs. 2 Crore, a minimum of 2 years of experience is required in Road Works/ Building works or work as specified. The bidder should have satisfactorily completed, as prime Contractor, at least one similar work equal in value to one-third of the estimated cost of work. The bidder must have experience in works of a similar nature and size for each of the last five years. The bidder should have access to lines of credit and availability of other financial resources/facilities, certified by a banker, with a value of 10% of the contract value. The bidder should be able to invest a minimum of cash up to 10% of the contract price of works during the implementation of the works. The bidder should have achieved in any one year a minimum financial turnover of at least the amount equal to the estimated cost of works. The value of similar works completed is to be updated to the price level of the last year at a rate of 8 percent per year. The bidder's turnover will be indexed at the rate of 8 percent for a year. No specific information on the percentage of similar works completed is mentioned, except that the bidder should have satisfactorily completed at least one similar work, with a value equal to one-third of the estimated cost of work.