NBCC India Limited Tender

The required prior work experience for the bidder is mentioned, with specific rules for joint ventures, subsidiaries, and merged or acquired companies. The bidder should have prior work experience, and the value of executed works shall be considered. The value of executed works shall include the value of any materials or services supplied by the client/employer free of cost or at a discounted price. 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. For joint-venture/consortium with other firms/companies, their proportionate experience to the extent of its share in the JV/consortium or work done by them shall only be allowed on submitting the valid proof of their share/work done. However, specific details on the required amount and percentage of similar works completed are not mentioned. The consideration of past work experience shall only be allowed for a period of five years from the date of incorporation of the demerged entity. The bidder should at least have earned profit in minimum one year in the available last three consecutive balance sheets. The Average annual Audited financial turnover for last 3 years shall be at least 40% of the estimated cost put to tender. The Audited Net Worth of the company/firm as on last day of preceding financial year, should be minimum 10% of the Estimated Cost put to Tender. No specific percentage of similar works is mentioned, but the bidder's experience and financial parameters are considered for qualification. The bidder is required to submit an affidavit or certificate from a chartered accountant mentioning the audited financial turnover of the last 3 years, along with a summarized balance sheet and profit & loss account for the last 3 years. Details of Work Experience Certificates are required to be submitted by the bidder in specific forms, and details of similar works executed as part of JV/Consortium, and claimed in the bid (if any) are to be submitted in other forms. However, specific information on the required prior work experience, amount, or percentage of similar works completed is not mentioned. The only specific values mentioned are: - 40% of the estimated cost put to tender for Average annual Audited financial turnover for last 3 years - 10% of the Estimated Cost put to Tender for Audited Net Worth of the company/firm - 7% per annum for enhancing the actual value of work done - 40% of Estimated Cost of the Project put to tender for self-certified copy of Bank Solvency Certificate.