Roads And Buildings Department Tender

B Class and above, along with Special Category- III (Road) and above.

The bid capacity required in the given tender to bid is calculated using the formula: Assessed Available Bid Capacity = (A*N*2-B) Where: A = Maximum value of work executed in any one year during the last five years (updated to the price level of the year indicated in appendix) taking into account the completed as well as works in Progress. B = Value at current price level of the existing commitments and ongoing works to be completed during the next (period of completion of work for which bids are invited). N = Number of years prescribed for completion of the works for which the bids are invited. In the case of a joint venture, the available bid capacity will be applied for each partner to the extent of their proposed participation in the execution of the work. The bidder must have an available bid capacity that is more than the total estimated cost of the works to be qualified. Additionally, the bidder should have: - A minimum annual financial turnover of at least the estimated cost of the project in any one year over the last five years. - Experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) of at least 40% of the estimated cost of the project within the last five years. Given the estimated cost of the project is Rs. 20722114.88, the bidder should have: - A minimum annual financial turnover of at least Rs. 20722114.88 in any one year over the last five years. - Experience in successfully completing or substantially completing at least one contract of highway (road and/or bridge works) of at least 40% of Rs. 20722114.88 (which is Rs. 8290885.75) within the last five years.