Department Of Rural Development And Panchayats Tender

The required prior work experience for the bidder includes having successfully completed similar works during the last 5 years. The experience requirements are as follows: - Three similar completed works each costing not less than 40% of the estimated price of the particular works. - Or, two similar completed works each costing not less than 50% of the estimated price of the particular works. - Or, one similar completed work costing not less than 80% of the estimated price of the particular works. The bidder should also have completed works with specific details, including value of the total contract, contract duration, and special requirements such as earthwork, Granular sub-base/base, RE Walls, Concrete in bridge. However, no specific values or percentages are given for these details. Additionally, the bidder should have satisfactorily completed similar works with a value updated to current price levels by enhancing the value of executed works at a simple rate of 8% per annum. For works above Rs 5.00 Crore, the bidder should have achieved a minimum annual financial turnover of 40% of the estimated cost of work in any one of the last three financial years. The bidder is also required to provide an undertaking that they will be able to invest a minimum cash up to 25% of the contract value of the work during implementation, and provide evidence of access to lines of credit and availability of other financial resources facilities, certified by the bankers, which should be at least 10% of the contract value. The estimated cost of the project is 563.31 Lac.