Punjab Mandi Board Tender

The required prior work experience for the bidder includes having satisfactorily completed, as a prime contractor, 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, in the last five years. 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. Additionally, 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 bidder needs to provide information about their experience in completing similar works, including the value and percentage of similar works completed. However, the exact value and percentage are not consistently mentioned throughout the text. The bidder should have completed works with a value that can be compared to the current contract. 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. The bidder's experience and financial capacity 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 amount of annual turnover from construction works, and they need to provide certified copies of annual reports or certificates to support their claim. 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 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. Mentioned values and percentages include: - 80% of the estimated cost of work - 50% of the estimated cost of work - 40% of the estimated cost of work - 40% of the estimated cost of work as minimum annual financial turnover - 25% of the contract value of work for investment during implementation.