Public Works Building And NH Department Tender

The required prior work experience for the bidder includes completing similar works within the last 7 years. The options are: - Three similar works each costing not less than Rs.5,27,39,200.00, which is 40% of the estimated cost of construction put to tender. - Two similar works each costing not less than Rs.6,59,24,000.00, which is 50% of the estimated cost of construction put to tender. - One similar work costing not less than Rs.10,54,78,400.00, which is 80% of the estimated cost of construction put to tender. The value of executed works shall be brought to the current costing level by enhancing the actual value of work done at a simple rate of 7% per annum, calculated from the date of completion to the last date of submission of bids. Additionally, the bidder should have a minimum average annual financial turnover of Rs.6,72,11,000.00, which is 50% of the estimated cost put to tender, on construction works during the last three consecutive years ending March 2023. The bidder should also have a solvency of minimum Rs.5,37,68,800.00, which is 40% of the estimated cost put to tender, and a net-worth certificate of minimum Rs.1,34,42,200.00, which is 10% of the estimated cost put to tender. The bidding capacity of the contractor should be equal to or more than Rs.13,44,22,030.00. The bidder's performance on works will be evaluated based on Time Over Run (TOR) and quality of work, with a maximum of 20 marks for TOR and 40 marks for quality. The bidder's experience and suitability will be assessed based on the information provided in Forms A to E, including financial information and certificates of completion of similar works. The bidder should have completed works with a value of at least 25% to 90% of the total work in financial terms, within a specified timeframe of 3 to 14 months, with a percentage of 1.00% for each milestone. The bidder should have experience in similar class of work, with a minimum of 60% marks for meeting the minimum eligibility criteria and 100% marks for twice the minimum eligibility criteria or more. The experience is evaluated based on the list of all works of similar nature successfully completed during the last Seven years, which should be furnished in Form C.