Indian Institute Of Technology Tender

The required prior work experience for the bidder includes execution of waterproofing works in various structures. The bidder can demonstrate this experience by completing a certain number of similar works with specific value requirements. The value requirements are as follows: - Three similar works each of value not less than 40% of the estimated cost, - Two similar works each of value not less than 60% of the estimated cost, - One similar work of value not less than 80% of the estimated cost. The estimated cost is not explicitly mentioned, but the value of executed works shall be brought to the current costing level by enhancing the actual value of work at a simple rate of 7% per annum. Additionally, the bidder should have an average annual financial turnover of Rs. 2.26 Crore on similar works and should not have incurred any loss in more than two years during the last five consecutive years. The bidder is also required to submit a detailed statement of works completed during the last 7 years, along with a similar work experience certificate. The required prior work experience for the Technical Representative is mentioned, with minimum experience requirements ranging from 5 to 10 years depending on the designation and qualifications. The values and percentages mentioned include 40%, 60%, 80% of the estimated cost, and Rs. 2.26 Crore as the average annual financial turnover. The value of executed works is also adjusted by 7% per annum.