Power Development And Non Renewable Energy Tender

The required prior work experience for the bidder includes having a project manager with 15 years' experience in execution of contracts of comparable nature, including not less than 5 years in project supervisory capacity. Additionally, the bidder should have one manager for each sub-station with 10 years' experience, including not less than 5 years in project supervisory capacity, and one supervisor each of civil & electrical for each sub-station with 5 years' experience. At least one consortium partner must have experience in installation of 66 KV or above voltage level substation. The value and percentage of similar works completed is related to the Minimum average annual Turnover (MAAT) for the last 3 accounting years, which should be not less than 50% of the Estimated Bid price. The bidder should also meet certain financial requirements, with the lead Bidder meeting not less than 40% of the Financial Requirement minimum criteria, and each Consortium partner meeting not less than 25% of the minimum Financial Requirement criteria. The bidder should submit IT returns and audited financial statement for the last 5 financial years along with bank solvency certificate, with a minimum acceptable solvency of 40% of the Estimated Bid Price.