Corporation Of Chennai Tender

The bidder is required to have experience in executing works similar to the project being bid on, specifically in civil engineering works such as Storm water drain works, Canal works, and Pond works. They should have executed at least one work not less than 80% of the value put in the tender under a single agreement in any one of the preceding five years ending 31.03.2025 in a State Government Department/Govt. Undertaking/Local Bodies. The value of this work is specified as 80% of the Work Value, which is Rs.240.08 Lakhs. Additionally, the bidder should have achieved a minimum annual financial turnover in civil engineering construction work of 1.5 times the value of the project being bid (150% value of the project being bid) in at least any two financial years in the last five years. The value for this requirement is mentioned as 1.5 times of the Package value, which is Rs.450.15 Lakhs. The bidder's available bid capacity for construction work should be equal to or more than the total bid value of the work, calculated based on the maximum value of civil engineering works executed in any one year during the last five years, updated to the price level of the financial year 2023-2024. The value of works executed and Financial Turnover of the Previous Years shall be given a weightage of 10% each per year to bring them to the Price Level of 2023-24. The bidder should provide evidence of access to, or availability of, liquid assets, unencumbered real assets, lines of credit, and other financial resources that are sufficient to meet the projected construction cash flow requirements, which is estimated to be 50% of the total value of the project, amounting to Rs. 150.05 Lakhs. The bidder should have completed works of a similar nature, with a value that can be used to calculate their available bid capacity. However, the exact percentage of similar works completed is not specified, except for the 80% value of the package, which is Rs.240.08 Lakhs. A Performance Certificate is required to verify the bidder's experience, and the bidder should provide information on their present activities and completed works in the last five years.