Municipal Corporation Tender

The required prior work experience for the bidder includes experience of similar works, specifically SITC of Street Lighting Poles (G.I./ FRP/ GRP/ M.S.) / SITC of High mast System with its related Electrical and Mechanical Works. The bidder should have completed similar works during the last seven years. The required prior work experience can be in the form of: * One similar work order completed having a cost of not less than Rs. 4.0 Cr (i.e., 80% of the tender value) * Two similar work orders completed having a cost of not less than Rs. 2.5 Cr (i.e., 50% of the tender value) * Three similar work orders completed having a cost of not less than Rs. 2.0 Cr (i.e., 40% of the tender value) The value of similar works completed is not explicitly mentioned in terms of a specific percentage, but the bidder should have experience of similar works of equal or required magnitude as asked in the tender. The tender amount is mentioned as Rs. 5 Crores, and the bidder should have an average annual turnover of at least Rs.1.5 Crores during the last three years, which is 30% of the tender amount. The bidder should also have a solvency certificate from a nationalized or scheduled bank for an amount of Rs. 1.0 Cr, which is 20% of the estimated cost of the tender. The security deposit will be 5% of the value of total LED fixtures. The bidder has to submit a new SD worth 25% of the ordered value for the period of remaining four years after completion of defect liability period of one year from the date of work completion.