NBCC India Limited Tender

The required prior work experience for the bidder includes the value of executed works, which shall also include the value of any materials and services supplied by the client/employer free of cost or at a discounted price. 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. In the case of joint-venture or consortium experience, the bidder's proportionate experience to the extent of its share in the joint venture or consortium shall be allowed, subject to submission of valid proof of their share or work done. The bidder should have completed similar works, specifically "Residential/ Non-Residential Buildings of any number of storeys". The similar works can be in the form of: - Three similar works each costing not less than 40% of the estimated cost put to tender or Rs. 400 crore, whichever is less; - Two similar works each costing not less than 50% of the estimated cost put to tender or Rs. 500 crore, whichever is less; - One similar work costing not less than 80% of the estimated cost put to tender or Rs. 800 crore, whichever is less. The average annual financial turnover for the last 3 years should be at least 40% of the estimated cost put to tender, which is Rs. 9,43,66,150.00. The audited net worth of the company/firm should be minimum 10% of the estimated cost put to tender. A bank solvency certificate for at least 40% of the estimated cost of the project put to tender is also required, unless the estimated cost is up to Rs. 25 Crore. The bidder should have experience of having successfully completed “similar works” during the last 07 years.