Water Resources Department Tender

The bidder should have satisfactorily completed at least one similar work of value not less than 40% of the proposed contract value. The similar work should have been completed in any one year of the last five years. The bidder should have completed at least 80% of the original contract value of similar works. The bidder should also have achieved a minimum annual turnover, but the specific amount is mentioned as Rs. 0.00 lakhs at the current price level in any one financial year, with a weightage of 10% per year given to bring the financial turnover of previous years to the current price level. For tenders with work values above Rs. 7.00 cr., bidders are required to have satisfactory completion of similar major items of works, but specific details such as the value and percentage of similar works completed are not consistently mentioned across sources. However, it is mentioned that the bidder should have experience and resources sufficient to meet the aggregate of the qualifying criteria for individual contracts for value above Rs. 7.00 cr. The available bid capacity will be calculated as under: Assessed Available Bid Capacity = (AxNx2-B), where A= Maximum value of works executed in any one financial year during the last five years (updated to the current price level). The rate of inflation may be taken as 10% per year (Escalation factor) which will take into account the completed as well as work in progress. B = Value at current price level of existing commitments and ongoing works to be completed during the next 7 Months (period of completion of works for which bids are invited). In terms of specific values and percentages, the bidder should have completed at least 80% of the original contract value of similar works, and the value of similar works should be not less than 40% of the proposed contract value. The weightage given to bring the cost to the current price level is 10% per year. The annual turnover should be at least Rs. 0.00 lakhs.