Roads And Buildings Department Tender

The required prior work experience for the bidder includes completion of similar works. Although the exact amount and percentage of similar works completed are not explicitly mentioned, it is stated that the lead partner in a joint venture must meet not less than 50 percent of all criteria, and the joint venture must collectively satisfy the criteria. The experience of the other joint venture partners should be at least 30 percent of the qualifying criteria. The bidder should have a sound financial position, showing long-term profitability, and demonstrate the soundness of their financial position. The bidder should also provide accurate information on any litigation or arbitration resulting from contracts completed or under execution over the last five years. In terms of specific values and percentages, the lead partner should meet at least 50% of the criteria, and other joint venture partners should have at least 30% of the qualifying criteria. The amount of advance payment is mentioned as 10% of the contract price for mobilization. The amount of liquidated damages for delay in completion of works is (1/2000)th of the initial contract price per day, with a maximum limit of 10 percent of the initial contract price. The amount of bonus for early completion of work is 5 percent of the contract price. The bidder is required to submit audited balance sheets for the last five years to demonstrate their financial soundness and long-term profitability. The available bid capacity will be calculated based on the maximum value of work executed in any one year during the last five years. For joint ventures, the available bid capacity will be applied to each partner to the extent of their proposed participation in the execution of the work. The estimated project cost is used for calculating the Additional Performance Security, which shall be 30% of the difference between the estimated project cost and the contract price offered by the selected bidder, minus 10% of the estimated project cost, if the contract price is lower than 20% of the estimated project cost. The value of work is Rs. 28984013.10.