Roads And Buildings Department Tender

The required prior work experience for the bidder includes work experience as a prime contractor or a nominated sub-contractor, with the sub-contract involving the execution of all main items of work described in the bid documents. The experience should be in works of a similar nature over the last five years and in the current year before the submission of the bid. The bidder should have completed works with a value of at least a certain amount, although the exact amount is not specified in some cases. However, it is mentioned that the bidder should have completed works with a value of more than Rs.50 lakhs, more than Rs.15 lakhs but less than Rs.50 lakhs, or less than Rs.15 lakhs but more than Rs.5 lakhs, or less than Rs.5 lakhs, depending on the category. The bidder should also have completed a certain percentage of similar works. Substantially completed works mean those works which are at least 90% completed, with a gross value of work done up to the last date of submission being 90% or more of the original contract price. The bidder should have achieved a minimum annual financial turnover and 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 of up to 25% of the value of the work during the implementation of the contract and should 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. The required prior work experience is also related to the "available bid capacity" calculation, which takes into account the "Maximum value of work executed in any one year during the last five years". The formula for available bid capacity is: Assessed Available Bid Capacity = (A*N*2-B), where A = Maximum value of work executed in any one year during the last five years. The bidder's available bid capacity should be more than the total estimated cost of the works.