Roads And Buildings Department Tender

The required prior work experience for the bidder includes having completed at least one similar work with a value of 90% or more of the original contract price, and this work should have been completed satisfactorily. The bidder should submit a certificate from the employer with relevant information such as the name of the work, contract value, billing amount, and date of commencement of works. In terms of specific values and percentages, the bidder should have completed similar works with a value of 90% or more of the original contract price. The contract value for joint ventures is estimated to be 50 Crore and above. The bidder should also demonstrate a sound financial position, with access to liquid assets or credit facilities up to 25 percent of the value of the contract. The lead partner in a joint venture must meet not less than 50 percent of all criteria, and other partners must meet not less than 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 bidder must have completed works with a value that allows them to have an available bid capacity more than the total estimated cost of the works. The bidder's experience and available bid capacity will be evaluated based on their past performance, and they must meet the minimum qualification requirements to be eligible to bid. The bidder should have achieved a minimum annual financial turnover of at least the annual value of the contract applied for in any one year over the last five years. They should also 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 value of the proposed contract is approximately Rs. 20,728,371.96, and the bidder should have experience of completing a contract of at least 40% of this value, which is Rs. 8,291,348.78. The percentage of similar works completed should be at least 90% to be considered substantially completed.