Municipal Corporation Of Greater Mumbai Tender

The required prior work experience for the bidder is that they should have successfully completed at least one contract of similar works during the last three years. However, no specific amount of years of experience is mentioned for the bidder. For similar works completed, the bidder should have satisfactorily completed 35% of the value of any one component of the project work, or 35% of the value of work of each component during the last three financial years. The contractual payments received by the JV firm or the arithmetic sum of contractual payments received by all the members of the JV firm in any one of the previous three financial years should be at least 100% of the estimated value of the work. Additionally, the bidder should have an annual financial turnover for the preceding three financial years, and should have access to or have available liquid assets, unencumbered assets, lines of credit, and other financial means sufficient to meet the construction cash flow requirements for the subject contract, with a minimum of 15% of the construction cash flow requirements. The bidder is also required to submit details of works in hand, including copies of work orders and attested copies of percentage of works completed or part thereof. However, no specific value or percentage of similar works completed is mentioned, except for the above-mentioned percentages.