New Okhla Industrial Development Authority Tender

The required prior work experience for the bidder includes completing similar works during the last 7 years. The experience criteria are as follows: - Three similar completed works each costing not less than 40% of the estimated cost put to tender, with a value of 12660300. - Alternatively, two similar completed works each costing not less than 60% of the estimated cost put to tender, with a value of 18990400. - Alternatively, one similar completed work costing not less than 80% of the estimated cost put to tender, with a value of 25320500. These values represent the amount and percentage of similar works completed, with percentages being 40%, 60%, and 80% of the estimated cost put to tender. Additionally, the average annual financial turnover on construction works should be at least 30% of the estimated cost during the immediate last 3 consecutive financial years, with a value of 9495200.