Municipal Corporation Tender

The required prior work experience for the bidder includes having an Average Annual financial turnover during the last 3 years of at least 30% of the estimated cost. The bidder should have substantially completed works, which means those works that are at least 90% completed as on the date of submission. The bidder should have completed works of a similar nature, with a value of at least 30% of the estimated cost of the current work. The value and percentage of similar works completed include at least 90% completion of substantially completed works. The bidder is required to have prior work experience in civil engineering construction, and should provide information on the total value of civil engineering construction work performed in the last seven years. The bidder should also have work experience as a prime contractor, and work performed in the past as a nominated sub-contractor will also be considered. Specific values and percentages mentioned include 15% of the estimated cost put to the tender for solvency certificate, and the bidder's average annual financial turnover during the last 3 years should be at least 30% of the estimated cost. The available bid capacity should be more than the total estimated cost of the works, and the bidder should invest a minimum cash up to 25% of the value of the work during implementation of the contract. The bidder should provide a certificate from the employers, incorporating clearly the name of the work, contract value, billing amount, date of commencement of works, satisfactory performance of the contractor, and any other relevant information. The bidder should also provide information on existing commitments and ongoing works, including the value of the contract, stipulated period of completion, and value of works remaining to be completed.