State Industries Promotion Corporation Of Tamil Nadu Limited Tender

The required prior work experience for the bidder includes experience in similar nature and magnitude of work, such as building and other civil works, in the last five years. The bidder should have completed similar works with a value not less than 50% of the value of this work, which is Rs. 390.00 Lakhs, under a single agreement in the preceding five years. The bidder should also have executed a minimum quantity of various items of work, including PCC/RCC (363 Cum), Steel (47 MT), and Brick Work (169 Cum), under multiple agreements in any one year during the last five years. However, specific values and percentages of similar works completed are not mentioned, except for the requirement that the bidder should have completed one similar work with a value not less than 50% of the value of this work, which is Rs. 390.00 Lakhs. The bidder's prior work experience will be evaluated based on the audited Balance Sheet, Profit and Loss Account, and other documents certified by a Chartered Accountant for the immediate past five years. The total value of existing commitments and ongoing works to be completed during the contract period should also be furnished. The Assessed Available Bid Capacity will be computed based on the maximum annual turnover in any one year of the immediate past five years, the number of years prescribed for completion of the work (10 months), and the value of existing commitments and ongoing works to be completed during the contract period. The formula for computation is: Assessed Available Bid Capacity: A X N X 2 – B ≥ Rs. 780.00 Lakhs. The annual turnover of the tenderer should not be less than Rs.1170.00 Lakhs in any one of the immediately preceding five years. The bidder should also possess bid capacity equivalent to the value of the project, which is Rs.780.00 Lakhs.