Municipal Corporation Tender

The required prior work experience for the bidder includes: 1. Three similar completed works costing not less than 40% of the estimated cost; 2. Two similar completed works costing not less than 50% of the estimated cost; 3. One similar completed work costing not less than 80% of the estimated cost. The value and percentage of similar works completed should be at least 50% of the total annual value. Substantial completion shall be based on 80% (value-wise) or more works completed under the contract. The bidder should have successfully completed or substantially completed similar works during the last seven years, with specific components such as landscaping for civil work. For contracts under which the applicant participated as a joint venture member or sub-contractor, only the applicant's share, by value, shall be considered to meet this requirement. The value of work executed shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum, calculated from the date of completion to the date of Bid opening. Additionally, the bidder needs to provide financial turnover for the last five financial years, supported with documents such as ITR, Profit and Loss statement, and Balance sheet, certified by a Chartered Accountant. The bidder should have achieved a minimum annual value of general construction work, with at least 50% of it being from Engineering (Civil/Electrical/Mechanical) construction works.