Roads And Buildings Department Tender

The required prior work experience for the bidder includes having experience in civil engineering construction works, specifically in highway (road and/or bridge works) or airport runway. The bidder must have achieved a minimum annual financial turnover of the annual value of the contract applied for in any one year over the last five years. Additionally, they must have experience in successfully completing or substantially completing at least one contract of similar work of at least 40 percent of the value of the proposed contract within the last five years. Substantially completed works are defined as those that are at least 90% completed, meaning the gross value of work done is 90% or more of the original contract price. In terms of specific values and percentages, the bidder should have completed a contract of at least 40% of the proposed contract value, and substantially completed works should be at least 90% completed. The annual financial turnover should be at least the annual value of the contract applied for. It's also mentioned that the calculation for the Assessed Available Bid Capacity involves the maximum value of work executed in any one year during the last five years, the value of existing commitments and ongoing works, and the number of years prescribed for completion of the works. However, this is more related to the bidder's capacity rather than the required prior work experience. The bidder's experience may have been acquired as a prime contractor, joint venture member, or nominated sub-contractor, with the condition that as a subcontractor, they should have experience in executing all major items of works under the proposed contract.