Roads And Buildings Department Tender

The required prior work experience for the bidder includes having completed works of a similar nature over the last five years. The bidder should have completed at least three similar works, each of a value of not less than 40% of the estimated cost of the work to be executed, or two similar works, each of a value of not less than 60% of the estimated cost of the work to be executed. The bidder should have a minimum average annual turnover of 30% of the estimated cost of the work to be executed in the last three financial years. The bidder should also have a minimum financial resource of 15% of the estimated cost of the work to be executed. The total value of civil engineering constructions performed in the last five years should be mentioned by the bidder. The bidder should have completed works with a value of at least 20 (likely in Rs. Lakhs) in the last five years. The percentage of similar works completed is not explicitly mentioned, but substantially completed works are considered to be at least 90% completed, meaning the gross value of work done is 90% or more of the original contract price. The bidder should have achieved a minimum annual financial turnover in any one year, over the last five years, of the annual value of the contract or contracts applied for. Additionally, the bidder should have experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) or airport runway of at least 40 percent of the value of the proposed contract within the last five years. The bidder should invest a minimum cash up to 25% of the value of the work during implementation of the contract and have access to or have available liquid assets (aggregate of working capital, cash in hand, and uncommitted bank guarantees) and/or credit facilities up to 25 percent of the value of the contract/contracts applied.