Kerala Industrial Infrastructure Development Corporation Tender

A and above class registration, or equivalent, is required for bidders to participate in this tender.

To determine the bid capacity required, we look at the conditions that outline the necessary experience and financial capabilities of the bidder. The key requirements include having a valid A and above class registration and satisfactorily completing specific works during the last seven years. The bid capacity can be summarized as follows: 1. Three similar works: Each costing not less than ₹ 275.06 Lakhs. 2. Two similar works: Each costing not less than ₹ 412.58 Lakhs. 3. One similar work: Costing not less than ₹ 550.12 Lakhs. The value of executed works is adjusted over time by enhancing the actual value of work at a simple rate of 7% per annum, calculated from the date of completion to the last date of receipt of applications for bids. Additionally, a solvency certificate of ₹ 275.06 Lakhs is required. These requirements outline the minimum experience and financial capacity a bidder must have to be eligible to bid.