Roads And Buildings Department Tender

The required prior work experience for the bidder is that they should have experience in successfully completing or substantially completing at least one contract (similar work) of at least 40 percent of the value of the proposed contract within the last five years. Substantially completed works mean those works which are at least 90% completed, with a gross value of work done up to the last date of submission being 90% or more of the original contract price. The value and percentage of similar works completed are as follows: - The bidder should have completed at least one contract of at least 40% of the value of the proposed contract. - Substantially completed works should be at least 90% completed. - The bidder should have access to liquid assets and/or credit facilities up to 25% of the value of the contract. - The bidder should invest a minimum cash up to 25% of the value of the work during implementation of the contract. - The estimated project cost is 50 Crore and above for joint ventures. Additionally, the bidder should provide information on their prior work experience, including project name, description of work, contract number, value of contract, and dates of completion. They should also provide information on existing commitments and ongoing works, including description of works, contract number, value of contract, and anticipated date of completion. The bidder's prior work experience is not explicitly stated in terms of a specific number of years, but they are required to demonstrate their experience and resources to meet the qualification criteria. The calculation of Assessed Available Bid Capacity emphasizes the bidder's ability to handle the proposed work based on their historical performance and current workload.