Kerala Road Fund Board Tender

The bidder must have experience of having successfully completed at least one similar work costing more than 40% of the estimated cost of the work being tendered. The similar nature of works should be of the same nature and type of the work tendered. For example, if the estimated cost of the work is $100, the bidder should have completed a similar work with a value of at least $40. The bidder should submit a Certificate of experience from the Agreement Authority of the completed similar work, which should contain details such as Name of work, Agreement number, Estimated cost, Contract Price, date of start and date of completion. The bidder is required to provide information on their prior work experience, specifically on relevant works completed over the last six years, including details such as employer's name, location, and type of contract, name of the engineer responsible for supervision, contract price and date, percentage of participation of the company in the project, value of work completed and certified, and percentage of partial completion. The bidder should also provide information on their annual value of construction works undertaken for each of the last five years and the current year. Additionally, the bidder needs to provide information on their financial position, including cash, current assets, current liabilities, working capital, and net worth. The specific values and percentages mentioned include a value of at least 40% of the estimated cost of the work, and the bidder's annual financial turnover during the last 5 years should be considered, with a weightage of 5% per year to bring them to the current price level. The bidder should also possess adequate working capital of more than 10% of the probable estimated cost of work for which they are bidding.