Urban Administration And Development Tender

The required prior work experience for the bidder includes experience of having successfully executed similar works with specific value thresholds. The bidder must have completed: * Three similar works each costing not less than 20% of the probable amount of contract during the last 10 financial years. * Two similar works each costing not less than 30% of the probable amount of contract during the last 10 financial years. * One similar work of aggregate cost not less than 50% of the probable amount of contract during the last 10 financial years. For joint ventures, the lead partner must have executed one work of value more than 25.50% of the probable amount of contract, and either of the remaining partners must have executed at least one work of minimum 20% of the probable amount of contract, with the total value of works executed by all partners being more than 50% of the probable amount of contract. No specific detailed monetary values are mentioned for similar works completed, only percentages of the probable amount of contract are provided. Additionally, the bidder must have an average annual construction turnover on the construction works not less than 50% of the probable amount of contract for any 3 financial years out of the last 5 financial years, and a positive Net worth as per the audited balance sheets for any 3 financial years out of the last 5 financial years.