Uttar Pradesh Projects Corporation Limited Tender

The bidder should have experience in similar class of works completed. The bidder should have completed similar work of not less than 40% of the tendered cost with a Central/State Government Department or other reputable entities. The bidder should have had an average annual financial turnover of at least 30% of the tendered cost in civil/electrical construction work during the last three consecutive years. The bidder should have completed works of similar nature during the last seven years ending the previous day of the last date of submission of tender. The bidder should have at least 30% of the estimated cost during the last 5 years ending 31st March of the previous financial year. The value of executed works shall be brought to the current costing level by enhancing the actual value of work at a specified escalation factor. The bidding capacity of the contractor should be equal to or more than the estimated cost of the work put to tender, calculated using a specific formula that takes into account the maximum turnover in construction works executed in any one year during the last seven years. The bidder should have a solvency of 40% of the tendered cost certified by his Bankers. The bidder should own construction equipment as per the list required for the proper and timely execution of the work. The bidder should have sufficient number of Technical and Administrative employees for the proper execution of the contract. The bidder is required to submit a list of employees stating clearly how these would be involved in this work. The bidder should have sufficient experience, but specific details on the amount and percentage of similar works completed are mentioned as 40% of the tendered cost and 30% of the estimated cost. The bidding capacity of the contractor should be equal to or more than the work put to tender, which shall be worked out by the formula: Bidding Capacity = (A x N) / 25 - B, or Bidding Capacity = {[AxNx2.5]-B}, where A = Maximum turnover in construction works executed in any one year during the last seven years, taking into account the completed as well as works in progress, N = Number of years prescribed for completion of work for which bids have been invited, B = Value of existing commitments and ongoing works to be completed during the period of completion of work for which bids have been invited. The bidder should not have incurred any loss in more than 2 years during the last 5 years ending 31st March of the previous financial year. The bidder should have a solvency of 40% of the estimated cost from a bank or 10% solvency of the estimated cost from a District Magistrate. At the time of submission of bid, the contractor has to submit a Certificate from CA mentioning Financial Turnover on construction work of the last 7 years period as specified in the bid document. The required prior work experience for the bidder includes completion of similar works during the last seven years, with specific values and percentages mentioned as 40% of the tendered cost and 30% of the estimated cost.