Roads And Buildings Department Tender

The required prior work experience for the bidder includes having work experience as a prime contractor or a nominated sub-contractor in works of a similar nature over the last five years and in the current year before the submission of the bid. The bidder should have experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) or airport runway 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 percent completed. The value of similar works completed is not explicitly mentioned, but the bidder needs to provide information on the value of contracts, quantities of work performed, and the stipulated period of completion. The bidder should also provide certificates from the Engineer(s) in-charge to support their claims. In terms of percentage, it is mentioned that substantially completed works should be at least 90 percent completed, and the bidder should have experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) or airport runway of at least 40 percent of the value of the proposed contract within the last five years. Additionally, the lead partner in a joint venture should 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 shall be considered if it is not less than 30 percent of the qualifying criteria. The bidder's available bid capacity is calculated based on their past performance, specifically the maximum value of work executed in any one year during the last five years. The calculation involves the maximum value of work done in a year (A) and the value of existing commitments and ongoing works (B), but it does not specify a required percentage of similar works completed. The bidder should have achieved a minimum annual financial turnover, defined as billing for works in progress and completed in all classes of civil engineering construction works only, in any one year, over the last five years of the annual value of the contract/contracts applied for. The bidder should also demonstrate a sound financial position, including an estimated financial projection for the next two years, and provide audited balance sheets for the last five years. The bidder should also provide accurate information on any litigation or arbitration resulting from contracts completed or under execution by them over the last five years. The applicant should have access to, or have available, liquid assets (aggregate of working capital, cash in hand, and uncommitted bank guarantees) and/or credit facilities up to 25 percent of the value of the contract/contracts applied.