Hindustan Steelworks Construction Limited Tender

The required prior work experience for the bidder includes having successfully completed similar works during the last 7 years. The similar works can be either: - Three similar works each costing not less than 40% of the estimated cost put to tender - Two similar works each costing not less than 50% of the estimated cost put to tender - One similar work costing not less than 80% of the estimated cost put to tender. The value of executed works shall be brought to the current level by enhancing the actual value of work done at a simple rate of 7% per annum. The average annual audited financial turnover for the last 3 years should be at least 40% of the estimated cost put to tender. The bidder's prior work experience is required to be specifically mentioned on the Letter of Award and "Experience Certificate". For joint-venture/consortium experience, only the proportionate experience to the extent of its share in the JV/consortium or work done by them shall be allowed. In case of a company/firm formed after merger and/or acquisition of other companies/firms, past work experience of the merged/acquired companies/firms will be considered for qualification. The value of free supplies shall be separately certified by the employer or a practicing cost/chartered accountant. The past experience in similar nature of work should be supported by certificates issued by the client’s organisation, and in case the work experience is of Private sector, the completion certificate shall be supported with copies of Letter of Award and copies of Corresponding TDS Certificates. Value of work will be considered equivalent to the amount received as per the TDS Certificates.