University Of Jammu Tender

The required prior work experience for the bidder includes successfully completing or substantially completing similar works during the last seven financial years. The options for prior work experience are: 1. Three similar completed works, each costing not less than 40% of the estimated cost. 2. Two similar completed works, each costing not less than 50% of the estimated cost. 3. One similar completed work, costing not less than 80% of the estimated cost. The estimated cost for the specific work is 361.20 lacs. Substantial completion is defined as 80% (value-wise) or more of the works completed under the contract. The value of work executed should be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per financial year. Additionally, the bidder should have experience as a prime contractor or sub-contractor in the same name and style, with a certificate issued by an officer not below the rank of Executive Engineer. The bidder should also have a certificate of performance evaluation from the concerned Chief Engineer/Superintending Engineer/Executive Engineer. The bidder's average annual financial turnover should be at least 50% of the Advertised Cost during the last 5 years. The bidder is required to have prior work experience of executing and completing or substantially completing successfully a single work of similar nature in any Government or Semi-Government Department during the last 7 financial years. The specific values and percentages of similar works completed mentioned are: - 40% of the estimated cost for three similar completed works - 50% of the estimated cost for two similar completed works - 80% of the estimated cost for one similar completed work - 80% (value-wise) for substantial completion - 7% per financial year for enhancing the actual value of work - 50% of the Advertised Cost for the bidder's average annual financial turnover during the last 5 years - 25% of the contract value of work for the minimum cash investment during implementation - 10% of the contract value for the line of credit facility.