Roads And Buildings Department Tender

The required prior work experience for the bidder is not explicitly stated in terms of specific years, but it is mentioned that the bidder should have experience in similar works. For joint ventures, the experience of the lead partner must be not less than 50 percent of all criteria given, while other joint venture partners' experience should be at least 30 percent of the qualifying criteria. In terms of values and percentages, the lead partner in a joint venture should meet not less than 50 percent of all criteria, while other partners should meet at least 30 percent. The available bid capacity will be calculated based on the maximum value of work executed in any one year during the last five years. The formula for calculating the available bid capacity is: Assessed Available Bid Capacity = (A*N*2-B), where A is the maximum value of work executed, B is the value of existing commitments, and N is the number of years prescribed for completion of the works. For individual bidders, the information on prior work experience is not explicitly mentioned in terms of specific years or percentage of similar works completed. However, the audited balance sheets for the last five years should demonstrate the soundness of the applicant's financial position. The bidder should also provide accurate information on any litigation or arbitration resulting from contracts completed or under execution by them over the last five years. No specific amount is mentioned for the required prior work experience, but the bidder's experience will be evaluated based on their responses in the forms attached to the letter of application. The qualification criteria are based on the applicant's meeting all the minimum pass/fail criteria regarding their experience, personnel, equipment capabilities, and financial positions.