Public Works Building And NH Department Tender

The required prior work experience for the bidder is not explicitly stated in terms of years. However, the bidder should have experience in similar works, and the experience should include details of works underway or contractually committed. The bidder should have completed works with a value of at least 40% of the total tender value in a single year. The bidder should also provide information on the total monetary value of construction work performed for each of the last five years. The average annual turnover of the bidder should be at least 40% of the value of the contract/contracts applied for, over the last 5 years. The bidder should have prior work experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works)/airport runway of at least 40% of the value of the proposed contract within the last five years. The substantially completed works mean those works which are at least 90% completed. The bidder's available bid capacity is calculated based on the maximum value of works executed in any one year during the last five years, updated to the current price level. The amount of 10% is mentioned as the rate of inflation and also as the value of the contract for which the bidder should have access to liquid assets or credit facilities. The bidder should undertake to invest a minimum of 25% of the contract value of work during implementation of the contract. The bidder should also provide proposals for sub-contracting of elements of work, costing more than 10% of the bid amount, if any. The bidder should have completed works of a certain value to be eligible, but the exact amount is not specified. However, the bidder's available bid capacity should be more than the total estimated cost of the works.