Roads And Buildings Department Tender

The bidder should have prior work experience in Civil Engineering, with a value of all Civil Engineering works executed in any one financial year during the last ten financial years. The value of all Civil Engineering works executed in any one financial year during the last ten financial years should be provided in Statement I. The available bid capacity will be calculated as under: Available Bid Capacity: 2AN-B. Where, A = Maximum value of Civil Engineering works executed in its name in any one financial year during the last ten financial years (updated to current Price level) N = Number of years prescribed for completion of the work for which Tenders are invited (12 months/12). B = Updated value (at current price level), of all existing commitments i.e., ongoing works, works likely to be awarded to be executed during the next 12 months (Period of completion for which tenders are invited). The annual turnover cost of completed works and balance works on hand etc., shall be updated by giving weightage of 10% per year to bring them to current price level. No specific percentage of similar works completed is mentioned, but the bidder's available bid capacity should be greater than the Estimated Contract Value. The bidder should also have experience in executing Water supply & Sanitary Engineering Works, Plumbing & Sanitary works, and Electrical Engineering works, with required valid registrations. Tenders with an excess of above 5% of the estimated contract value shall be rejected. For tenders up to 25% less than the estimated contract value of work, no additional security deposit is required. But for tenders less than 25% of the estimated Contract Value of work, the difference between the tendered amount and 75% of the estimated contract value shall be paid by the successful tenderer at the time of concluding the agreement as an additional security to fulfill the contract. The estimated contract value is Rs.61,44,00,000/-, and the bidder should have a minimum liquid asset/ credit facility of Rs.1,53,57,673/-.