Maharashtra Industrial Development Corporation Tender

The required prior work experience for the bidder includes experience in civil engineering construction, with specific details mentioned in Form G. The bidder should have completed similar works, with experience in works similar to the contract for which bids are invited. The experience of Private Works shall also be considered, with only 50% of the work completion certificate issued by Private entity considered as work done amount. The amount or magnitude of private works should be updated at 10% per annum (compounded). For the specific case of water retaining structure repair works, the bidder should have completed similar works with the following values: - A single similar type of water retaining structure repair work costing not less than Rs. 432.08 Lakhs, - Or two similar type of water retaining structure repair works costing not less than Rs. 604.91 Lakhs, - Or three similar type of water retaining structure repair works costing not less than Rs. 691.33 Lakhs. No specific percentage of similar works completed is mentioned, but the bidder needs to provide details of their experience and performance in similar works. The bidder should demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the contract, including the experience in similar works, annual turnover, and available bid capacity. The bidder's turnover in terms of the value of works executed during each year is required, as reflected in the Profit & Loss Account. The approximate value of works in hand is also needed. The bid capacity is calculated using the formula (A x N x 2) – B, where: - A is the maximum of the updated values of works executed in one of the preceding 5 years, updated at 10% per annum (compounded). - B is the value of existing commitment of works (on-going or to be completed in the period stipulated for completion of the work in the present tender). - N is the number of years prescribed for completion of the project for this work. The bidder should have an 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. The value of completed work should be updated at 10% per annum (compounded) by multiplying the values with applicable factors, such as 1.1, 1.21, 1.331, 1.46, or 1.61. The bidder should submit a copy of the work order or registered agreement for the work completed, along with the certificate of the Employer, and a certificate from Architect / Chartered Accountant confirming the amount of the work executed is included in the Annual account of the tenderer. The bidder should have work experience as mentioned in the detailed tender notice, which includes the type of work, value, and percentage of similar works completed, with the value updated at 10% per annum (compounded) by multiplying the values with applicable factors. The bidder should demonstrate having experience and resources sufficient to meet the aggregate of the qualifying criteria for the contract, including the experience in similar works, annual turnover, and available bid capacity, with the available bid capacity calculated based on the maximum value of civil/electrical/mechanical engineering works executed in anyone year during the last five years, updated at 10% per annum (compounded), and the value of existing commitments and on-going works to be completed during the next period of completion of the Works for which bids are invited.