Kerala State Housing 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 put to tender, for Government/Semi-Government clients during the last 5 years. The similar nature of works should be of the same nature and type as the work tendered, with a minimum value as stated above. The required prior work experience includes details such as name of work, agreement number, estimated cost, contract price, date of start and completion, and whether the work was completed satisfactorily. The full value of completed work will be considered, whether or not the date of commencement is within the said 5-year period. Additionally, the bidder's annual financial turnover during the last 5 years, ending 31st March of the previous financial year, should be demonstrated through certified audited copies of balance sheet and profit and loss account. The annual financial turnover and cost of completed works of previous years shall be given a weightage of 5% per year to bring them at 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. The bidder shall have successfully completed at least one similar work costing more than 40% of the estimated cost of the work described during the last five years. A certificate to this effect from the agreement executing authority of the completed similar work shall invariably be submitted along with the tender documents. The certificate should contain details such as name of work, agreement number, estimated cost, Contract Price, date of start and completion as per agreement, completed amount of work, etc. In some cases, no specific information is provided regarding the required prior work experience for the bidder, including value and percentage of similar works completed. However, the bidder is required to provide details of their experience and past performance of works of similar nature within the past five years. The required prior work experience for the bidder is not explicitly mentioned in terms of specific years or amount in some instances. However, the available information suggests that the bidder should have at least one similar work experience with a value of more than 40% of the estimated cost of the work, and the bidder should possess adequate working capital of more than 10% of the probable estimated cost of work. The bidder's annual financial turnover during the last 5 years should also be demonstrated, with a weightage of 5% per year to bring them at the current price level. Therefore, the required prior work experience for the bidder includes similar work experience with a value of more than 40% of the estimated cost, and a working capital of more than 10% of the estimated cost. The annual financial turnover during the last 5 years should also be demonstrated.