Public Works Building And NH Department Tender

The bidder should have satisfactorily 100% completed similar works during the last 7 years. The similar works should have a value of: - Three similar works each costing not less than 40% of the estimated cost of the project - Two similar works each costing not less than 50% of the estimated cost of the project - One similar work costing not less than 80% of the estimated cost of the project. The value of executed works shall be brought to current costing level by enhancing the actual value of work done at a simple rate of 7% per annum. The bidder should have experience in eligible similar nature of work during the last seven years. The details of such works should be furnished in Form "C". The performance reports of these works should also be provided in Form "D". The bidder should have completed similar works, and the value of these works will be considered for evaluation. The average value of performance of works for time overrun and quality shall be taken on the basis of performance reports of the eligible similar works. Additionally, the bidder should have a minimum average annual financial turnover of 50% of the estimated cost put to tender on construction works during the last three consecutive years. The bidder should also have a solvency of minimum 40% of the estimated cost put to tender or a Net-worth certificate of minimum 10% of the estimated cost put to tender. The bidding capacity of the contractor should be equal to or more than the estimated cost of the work put to tender. The bidder should have satisfactorily 100% completed the works under Central Govt./ State Govt. organization/ Central Public Sector Undertaking within the country as mentioned below during the last 7 years ending previous day of last date of submission of tenders. In terms of specific values, the bidder should have: - Three similar works each costing not less than Rs.288.74 L (40%) of the estimated cost of the project - Two similar works each costing not less than Rs.360.925 L (50%) of the estimated cost of the project - One similar work costing not less than Rs.577.48 L (80%) of the estimated cost of the project. The bidder should have a minimum average annual financial turnover of Rs. 360.925 L (50% of the estimated cost put to tender) on construction works during the last three consecutive years ending March 2024. The bidder should also have a solvency of minimum Rs. 288.74 L (40% of the estimated cost put to tender) or a Net-worth certificate of minimum Rs. 72.185 L (10% of the estimated cost put to tender). The bidding capacity of the contractor should be equal to or more than Rs. 721.85 L, which is equal to or more than the estimated cost of the work put to tender.