WAPCOS Limited Tender

The required prior work experience for the bidder includes details of all work (similar experience) completed, which should be submitted in Form-I. The bidder should have satisfactorily completed similar works during the last Seven years ending the previous day of the last date of submission of tender. The similar experience can be in one of the following forms: I. One similar completed work costing not less than the amount equal to Rs.6,74,59,630/- (80% of PAC) II. Two similar completed works costing not less than the amount equal to Rs.4,21,62,269/- (50% of PAC) III. Three similar completed works costing not less than the amount equal to Rs.3,37,29,815/- (40% of PAC) The value of similar completed works will be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum, calculated from the date of completion to the last date of submission of bids. Additionally, the average annual financial turnover on construction works should be at least 30% of the PAC (i.e., Rs. 2,52,97,361/-) of work during the immediate last 3 consecutive financial years ending 2023-24. The bidder should also have a minimum yearly sales turnover, with audited balance sheets for the last 5 years, ending on the financial year 2023-24. The bidder should not have incurred any loss (profit after tax should be positive) in more than two years during the last five years ending FY 2023-24, duly audited by the Statutory Auditor. The bidder needs to achieve a minimum local content target of 50% as per the Make in India Policy and its Guidelines. The bidder should submit a Solvency Certificate from a Nationalized/Scheduled Commercial Bank for a sum of at least Rs.3,37,29,815/- (40% of PAC) to fund the project till the time the invoices get paid.