Roads And Buildings Department Tender

The bidder should have prior work experience of executing works of a similar nature over the last five years, including the current year. This experience can include work performed as a prime contractor or as a nominated sub-contractor, provided the sub-contract involved execution of all main items of work described in the bid documents. The bidder should provide details of their experience, including project name, employer, description of work, contract value, and dates of completion. They should also provide quantities of work executed for specific types of work, such as cement concrete, masonry, earthworks, and bituminous work. The value and percentage of similar works completed are specified as 90% or more of the original contract price for substantially completed works. Additionally, the bidder should have access to liquid assets of up to 25% of the value of the contract. To qualify, the bidder should have completed works of a similar nature with a value of at least the amount specified in the Contract Data. They should also have a maximum value of work executed in any one year during the last five years, updated to the price level of the year indicated in the appendix. The bidder should 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. They should also 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. The specific requirements for prior work experience are not explicitly stated in terms of years or amount, but rather in terms of demonstrating sufficient experience and resources to meet the aggregate of the qualification criteria for each contract. However, the bidder should have a sound financial position, showing long-term profitability, including an estimated financial projection for the next two years. In a joint venture, the lead partner should meet at least 50% of all criteria, and the joint venture must collectively satisfy the criteria. The experience of other joint venture partners will be considered if it is not less than 30% of the qualifying criteria.