Punjab Mandi Board Tender

The required prior work experience for the bidder includes experience in completing similar works, with a value that can be compared to the current contract. For works above Rs. 5.00 Crores, the bidder should have satisfactorily completed one similar work of value not less than 80% of the estimated cost of work, or two similar works each of value not less than 50% of the estimated cost of work, or three similar works each of value not less than 40% of the estimated cost of work. The bidder should also 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 needs to provide details about their share of work in the contract, including earthwork, granular sub-base/base, and concrete in bridges. They should have completed works with a specified amount, and they need to provide details about the contract duration, specified requirements, and any penalties or fines imposed during the contract. The bidder's experience will be evaluated based on their ability to complete similar works, and they need to provide testimonials or certificates from their previous employers to support their claim. The bidder should have a certain percentage of similar works completed, but the exact percentage is not consistently mentioned throughout the provided information. However, it is mentioned that the bidder needs to provide an undertaking that they will be able to invest a minimum cash up to 25% of the contract value of work during implementation. The bidder's prior work experience is assessed based on the maximum value of Civil Engineering works executed in any one year during the last five years. The bid capacity of the prospective bidders will be calculated as under: Assessed Available Bid Capacity = (A* N* 2 - B), where A = Maximum value of Civil Engineering works executed in any one year, N = Number of years prescribed for completion of the Project/Works, and B = Value of existing commitments. The bidder should have completed works with a value that can be used to calculate their bid capacity. The exact percentage of similar works completed is not specified, but the bidder's experience and capacity to execute the project are evaluated. The bidder should provide information on their current commitments on all contracts, including the contract value, percentage of work completed, and outstanding amount. The total value of expected work to be carried out during the completion period of the project is also considered. In terms of specific values and percentages, the bidder should have completed one similar work of value not less than 80% of the estimated cost of work, or two similar works each of value not less than 50% of the estimated cost of work, or three similar works each of value not less than 40% of the estimated cost of work. They should also have achieved a minimum annual financial turnover of 40% of the estimated cost of work in any one of the last three financial years, and they need to provide an undertaking that they will be able to invest a minimum cash up to 25% of the contract value of work during implementation.