Maharashtra Industrial Development Corporation Tender

The required prior work experience for the bidder includes experience in execution of work of soil stabilization for a quantity not less than 1418 Cum in one or more contracts. Additionally, the bidder should have experience in concrete road work or airport pavement work with a total cost of: - a single work not less than Rs. 2963.07 Lakhs, - or total cost of 2 works not less than Rs. 4148.30 Lakhs, - or total cost of 3 works not less than Rs. 4740.91 Lakhs. For private works, only 50% of the amount or magnitude of the work completion certificate issued by the private entity shall be considered as work done amount or magnitude for deciding eligibility. The bidder's annual financial turnover amount should not be less than Rs. 44,44,61,085.75. No specific percentage of similar works completed is mentioned, but the bidder is required to provide information on the total value of civil engineering construction work performed in the last five years. The amount of work done is to be updated at 10% per annum (compounded) by multiplying the values with applicable factors (1.1, 1.21, or 1.331). The bidder must have access to financial resources to meet the qualification requirements, with evidence of access to lines of credit and availability of other financial resources facilities (25% of contract value) certified by the banker. The bidder must also undertake to invest a minimum cash amount of up to 25% of the contract value during the implementation of the work.