Armoured Vehicles Nigam Limited Tender

The required prior work experience for the bidder includes having successfully completed similar work, specifically Civil Works, in Central Government, PSUs, State Government, or other Government agencies, or having an experience certificate from private limited companies during the last 7 years. The experience requirements are as follows: 1. Three similar completed works, each costing not less than 40% of the estimated cost. 2. Two similar completed works, each costing not less than 50% of the estimated cost. 3. One similar completed work costing not less than 80% of the estimated cost. Given the estimated cost of the work is Rs. 2,97,84,000, the values for the above requirements can be calculated as: 1. 40% of the estimated cost: 0.4 * 2,97,84,000 = Rs. 1,19,13,600 2. 50% of the estimated cost: 0.5 * 2,97,84,000 = Rs. 1,48,92,000 3. 80% of the estimated cost: 0.8 * 2,97,84,000 = Rs. 2,38,27,200 Additionally, if the bidder submits experience documents of having completed similar works where the cost of completion of work is lesser than the amount mentioned above, the value of work executed shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum, calculated from the date of completion to the date of bid opening. The average annual turnover during the last 3 years should be at least 30% of the estimated cost, which is 0.3 * 2,97,84,000 = Rs. 89,35,200.