Water Corporation Of Odisha Tender

The required prior work experience for the bidder includes a list of similar works executed during the last 5 years, with details such as the name of the work, location, agreement number, name of the employer, value of the contract price, total value of work executed, and financial year-wise computed amount. The bidder also needs to provide information on the approximate value of existing commitment and ongoing works. The bidder should have completed similar works with a value that allows them to calculate their bid capacity as per the given formula. The assessed available bid capacity should be at least Rs. 337.26 lakh. No specific percentage of similar works completed is mentioned. However, the bidder's experience is assessed based on the value of works executed in the last five years. The value of 'A' is updated to the current price level using an escalation factor, with a rate of inflation of 10 percent per year. The formula for available bid capacity is: Assessed Available Bid Capacity = (A*N*2-B), where A = Maximum value of works executed in any one year during the last five years (updated to the current price level), B = Value of current price level of the existing commitments and ongoing works to be completed during the next years, and N = Number of years prescribed for completion of the works for which the bids are invited, which is 1.5 years. For works above Rs.3.00 Crores, applicants who meet the minimum qualification criteria will be qualified only if their available bid capacity at the expected time of bidding is more than the total estimated cost of the works.