Maharashtra Industrial Development Corporation Tender

The required prior work experience for the bidder includes having completed works with a value of not less than 50% of the tender cost, with the amount updated at 10% per annum (compounded). The bidder should have experience certificate signed by an officer not below the rank of Executive Engineer for a single similar work executed during the last five financial years in Govt/semi Govt/ Local bodies, costing not less than Rs. 137.06 Lakhs. The work experience certificate should be for a work costing not less than 50% of the tender cost. The value of the work mentioned is Rs 2,74,12,990.51, and the bidder is required to invest a minimum cash up to 25% of the work during implementation of the contract. The bidder should have annual turnover with a maximum of the turnover of the last 5 financial years not less than 75% of the Annual Cost of the work, and liquid assets and/or availability of credit facilities of not less than 25% of the contract value. No specific percentage of similar works completed is mentioned, other than the requirement that the work experience should be for a work costing not less than 50% of the tender cost.