Punjab Water Supply And Sewerage Board Tender

The required prior work experience for the bidder includes satisfactorily completing similar works in the last five years. For works above Rs 5.00 Crore, 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. The bidder should also have achieved a minimum annual financial turnover equal to 40% of the estimated cost of work in any one of the last three financial years. The values of works can be updated to current price levels by enhancing the value of executed works at a given rate. The bidder should provide details of contracts of similar nature and complexity, and a construction experience record. The bidder must also provide information on the average annual turnover. Additionally, the bidder should have a minimum cash investment of up to 25% of the contract value during implementation and access to lines of credit and other financial resources facilities of at least 10% of the contract value. Mentioned values and percentages include: - 80% of the estimated cost of work for one similar work - 50% of the estimated cost of work for two similar works - 40% of the estimated cost of work for three similar works - 40% of the estimated cost of work for minimum annual financial turnover - 25% of the contract value for minimum cash investment - 10% of the contract value for access to lines of credit and other financial resources facilities - Rs 5.00 Crore as the threshold value for works - Rs 0.50 lakh as the lower limit for works with specific enlistment requirements.