Corporation Of Chennai Tender

The required prior work experience for the bidder can be demonstrated by completing one of the following: - Three similar works costing not less than 40% of the estimated cost, with a minimum value of Rs. 118.86 Lakhs each, excluding GST. - Two similar works costing not less than 50% of the estimated cost, with a minimum value of Rs. 148.58 Lakhs each, excluding GST. - One similar work costing not less than 80% of the estimated cost, with a minimum value of Rs. 237.72 Lakhs, excluding GST. The similar nature of works refers to the construction of buildings. A completion certificate obtained from the client or department should be enclosed for these works. Additionally, the bidder should have an average annual financial turnover of at least 50% of the estimated cost during the last 5 years. The bidder should also have an annual turnover of 1.50 times the value of work in any one of the last five years. The calculation of bid capacity involves the maximum value of turnover in any one of the last 5 years (A), and existing commitments and ongoing works to be completed during the next two years (B). The bid capacity should be greater than the value of the work, calculated as AxNx1.5-B, where N is the number of years prescribed for completion of the work. For similar works completed, the information includes construction cost, type and amount of the portion sublet, percentage of works completed, and year of starting the project. However, specific details on the required percentage of similar works completed are not explicitly mentioned.