Works Department Tender

The required prior work experience for the bidder is assessed based on the "Assessed Available Bid Capacity" formula, which takes into account the maximum value of works executed in any one year during the last five years. This value is updated to the current price level using an escalation factor. The bidder should have completed at least one similar nature of work during the last 5 years. However, the exact percentage of similar works completed is not mentioned. The bidder's available bid capacity at the expected time of bidding should be more than the total estimated cost of the works mentioned in Contract Data. The formula for calculating the Assessed Available Bid Capacity is given as: A*N*2 - B, where - A = Maximum value of works executed in any one year (updated to the current price level), - B = Value at the current price level of existing commitments and ongoing works to be completed during the stipulated time period, - N = Number of years prescribed for completion of the works for which the bids are invited. The bidder must meet the requirement of completion or substantial completion of at least one similar nature of works during the last 5 years. Substantial completion means the project is fit for its intended use. The bidder shall furnish the list of such similar nature of works, duly certified by Engineer in charge not below the rank of Executive Engineer / Superintending Engineer (in charge of Division). The value of work executed by the Applicant shall be updated to the current price level using the escalation factor. The escalation factors are: 1.10 for one year before, 1.21 for two years before, 1.33 for three years before, 1.46 for four years before, and 1.61 for five years before. The bidder should meet the minimum requirement of annual turnover, defined as billing for works in progress and completed in all classes of civil construction works only, as mentioned in the contract data over the last five years from the Base Year, updated with the escalation factor. No specific amount or percentage of similar works completed is mentioned, other than the bidder having completed at least one similar nature of work during the last 5 years. The amount of work done is to be updated to the current price level using the escalation factor.