Bridge And Roof Company India Limited Tender

The required prior work experience for the bidder includes having satisfactorily completed similar work during the last seven years. The bidder should have completed at least one similar work costing not less than Rs. 31.66 Cr, or two similar works each costing not less than Rs. 19.79 Cr, or three similar works each costing not less than Rs. 15.83 Cr. 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's average annual financial turnover during the last three years should be at least Rs. 11.87 Cr. The bidding capacity is calculated based on the maximum turnover in construction works executed in any one year during the last five years. The available bid capacity should be equal to or more than the total bid value. A Bank Solvency Certificate of not less than Rs. 15.83 Cr or a Net-worth certificate of Rs. 3.96 Cr is required. The bidder should submit details of similar works completed, including the value of work in each contract, with self-attested documentary evidence. The bidder's experience certificate should be backed by a valid agreement and experience certificate. No specific percentage of similar works completed is mentioned. However, the bidder should have completed works with a value that meets the qualifying requirements. The amount of similar works completed should be at least Rs. 11.87 Cr in terms of average annual financial turnover during the last three years. The bidding capacity calculation formula is: Bidding Capacity = {[AxNx1.5]-B}, where A is the maximum turnover in construction works executed in any one year during the last five years, N is the number of years prescribed for completion of work, and B is the value of existing commitments and ongoing works.