Airports Authority Of India Tender

The required prior work experience for the bidder includes completing similar works with a value of at least 40%, 50%, or 80% of the estimated amount in a single contract during the last 7 years. The specific requirements are: - Three works of 40% - Two works of 50% - One work of 80% of the estimated amount in a single contract of similar nature during the last 7 years ending the last day of the month previous to the one in which tenders are invited. The bidder should provide details of the works, including the name of the work, order number and date, cost, and date of completion. The value of executed works shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum. The bidder should have an annualized average financial turnover of Rs. 85.34 lakhs (Excluding GST) on construction works during the last three years ending 31st March of the previous financial year. The bidder should also have a minimum net worth of Rs. 36.16 Lakh (Excluding GST). Experience gained by executing work on back-to-back contract/ Sub-contract basis is acceptable if the work was actually executed by the second agency (sub-contractor) with due concurrence of the owner as tripartite agreement/ written approval, and backed by valid agreement and experience certificate. For specialized works, experience can be gained by the main contractor either by in-house expertise & experience or by engaging specialized agencies with the approval of the main client as per contract conditions. The client certificate for experience should show the nature of work done, the value of work, date of start, date of completion as per agreement, actual date of completion, and satisfactory completion of work. Substantial completion shall be based on 80% of awarded cost or more value-wise works completed under the contract.