Western Railway Tender

The bidder must have successfully completed or substantially completed certain similar works within the last 07 years. The required prior work experience includes: (i) Three similar works each costing not less than 30% of the advertised value of the tender, (ii) Two similar works each costing not less than 40% of the advertised value of the tender, or (iii) One similar work costing not less than 60% of the advertised value of the tender. In case of tenders for composite works, the bidder must have completed: (i) Three similar works each costing not less than 30% of the advertised value of each component of tender, (ii) Two similar works each costing not less than 40% of the advertised value of each component of tender, or (iii) One similar work each costing not less than 60% of the advertised value of each component of tender. The definition of similar work is any Track work. Given the advertised value of the tender is 174601598.19, the amounts for the required prior work experience can be calculated as follows: - 30% of the advertised value: 0.3 * 174601598.19 = 523804794.57 - 40% of the advertised value: 0.4 * 174601598.19 = 698405992.76 - 60% of the advertised value: 0.6 * 174601598.19 = 1047609589.14 These values represent the minimum costs of similar works that the bidder must have completed to meet the prior work experience requirements.