Maharashtra Housing And Area Development Authority Tender

The required prior work experience for the bidder includes having successfully completed similar works during the last 5 years. The experience can be in the form of: i. Three similar completed works each costing not less than 40% of the estimated cost of the proposed project. ii. Two similar completed works each costing not less than 50% of the estimated cost of the proposed project. iii. One similar completed work costing not less than 80% of the estimated cost of the proposed project. The bidder should have completed at least one similar work costing not less than 80% of the estimated cost of the proposed project. Additionally, the bidder shall have obtained approvals to plans from the local body for at least one similar work/project of BUA not less than 80% of BUA. The annual construction turnover of the bidder during the last five financial years should be at least 75% of the annual estimated cost considering the maximum FSI potential of the land. The bidder's net worth should be not less than 25% of the estimated cost put to tender. The bidding capacity of the bidder should be equal to or more than the estimated cost of the work put to tender, and the bidder should have a solvency certificate of not less than 20% of the tender value. The age of the organization should not be less than 5 years.