Municipal Corporation Tender

The required prior work experience for the bidder includes: - Three similar completed works costing not less than 40 percent of the estimated cost. - Two similar completed works costing not less than 50 percent of the estimated cost. - One similar completed work costing not less than 80 percent of the estimated cost. Additionally, the bidder should have achieved the minimum annual production value of key construction activities and have experience in works valuing up to 15 Crores or above 15 Crores up to Rs.30.00 Crore. The bidder's experience in similar nature of work means they should have executed major items of the work, such as building work, bridges, or any other mega project. The bidder should also demonstrate that they have access to liquid assets or credit facilities of a minimum value to meet the fund requirement to execute the work, with a minimum value of INR 1 Crore (1,00,00,000/-) mentioned. The bidder should have a minimum annual turnover of general construction work, with at least 50 percent of which is from civil engineering construction works carried out in any of the last five years. The bidder must have prior work experience, with specific requirements including making a profit in the last 3 financial years, having a positive net worth, and having access to liquid assets or credit facilities. The required prior work experience is also related to the financial turnover achieved on the execution of civil works for the last five years. The percentage of similar works completed is mentioned as 80 percent (value-wise) or more works completed under the contract for substantial completions.