Municipal Corporation Tender

The required prior work experience for the bidder is not explicitly stated in terms of years, but it is mentioned that the bidder should have experience in similar works. The bidder should have executed similar water supply/sanitary engineering works for a minimum length as per technical evaluation, and should also have executed underground distribution power line for a minimum length. The value of work executed shall be brought to current costing level by enhancing the actual value of work at a simple rate of seven percent per annum. The bidder should have access to lines of credit and financial resources facilities worth at least 10% of the contract value, and the bidder should be able to invest a minimum cash amount of up to 25% of the contract value during the implementation of the work. The annual financial turnover amount required is INR 30.00 Cr. (Thirty Crores) or Above, and the value of work is INR 2960.51 Lakh. The bidder should also have liquid assets and/or availability of credit facilities of INR 296.05 Lakhs (10% of estimated cost) or above. No specific percentage of similar works completed is mentioned, but the bidder must demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual contracts. The bidder should submit a certificate of similar nature of works executed, issued by the Executive Engineer. The calculation of available bid capacity is based on the maximum value of works executed in any one year during the last five years, and the bidder's existing commitments and ongoing works. The assessed available bid capacity is calculated as (A*N* M-B), where A is the maximum value of works executed, N is the number of years prescribed for completion of the works, M is 2.5, and B is the value of existing commitments and ongoing works to be completed during the next 15 months.