Police Housing Corporation Limited Tender

The required prior work experience for the bidder is in building works or related works, with a completed value of more than 50% of the proposed contract value in a single contract or in two contracts. The experience should be within the past 5 years prior to the date of tender. The bidder should have a performance certificate issued by an officer not less than the rank of Executive Engineer or equivalent, stating that they have satisfactorily executed and completed the works. The completed value should include taxes and GST, but no specific amount is mentioned. However, it is stated that the works executed under sub-contract will not be considered for this purpose. Additionally, the bidder's credentials should be supported by certificates issued by an authority not lower than the rank of Executive Engineer, and the date of completion of the works stated in the experience certificate should be within the past 5 years prior to the date of tender. In terms of specific values, a bonus for advance completion of work may be introduced, with 1% bonus on the value of actual quantum of works executed at tendered rate if the work is completed in advance by not less than 10% of agreement period. The price adjustment for increase or decrease in the cost of steel procured by the contractor shall be paid in accordance with a formula, with steel component percentage at 1.54% and cement component percentage at 3.43%.