City And Industrial Development Corporation Of Maharashtra Limited Tender

The required prior work experience for the bidder includes: - One similar completed work costing not less than 80% of the cost put to the bid (excluding GST), - OR two similar completed works each costing not less than 50% of the cost put to the bid (excluding GST), - OR three similar completed works each costing not less than 40% of the cost put to the bid (excluding GST). The value of works shall be brought to the current costing level by enhancing the executed value of work in the year of completion at a simple rate of 7% per annum. Additionally, 50% valuation will be considered in case of works completion certificate issued by organizations other than Govt./ Govt. undertaking agencies. The cost put to the bid is ` 64.92 Lakhs, and the bidder should have experience of similar type and nature of work completed in the last 7 years. The specific values like amount and percentage of similar works completed are mentioned as 80%, 50%, and 40% of the cost put to the bid.