NBCC India Limited Tender

The required prior work experience for the bidder includes experience of having successfully completed similar works during the last 7 years. The similar works should be in the nature of "Operation and Maintenance of Civil, Electrical, Housekeeping, Security services etc. at any residential/non-residential building". The bidder should have completed: - Three similar works each costing not less than 40% of the estimated cost put to tender. - Or, two similar works each costing not less than 50% of the estimated cost put to tender. - Or, one similar work costing not less than 80% of the estimated cost put to tender. The value of executed works shall be brought to the current level by enhancing the actual value of work done at a simple rate of 7% per annum. The value of executed works shall also include the value of any materials or services supplied by the client/employer free of cost or at a discounted price to the contractor. Additionally, the average annual audited financial turnover for the last 3 years should be at least 40% of the estimated cost put to tender, and the audited net worth of the company/firm should be minimum 10% of the estimated cost put to tender. A self-certified copy of Bank Solvency Certificate for at least 40% of the estimated cost of the project put to tender is also required. The bidder should have at least earned profit in minimum one year in the available last three consecutive balance sheets.