South Central Railway Tender

The required prior work experience for the bidder includes successfully completing or substantially completing similar works during the last 07 years. The specific requirements are: - Three similar works each costing not less than 30% of the advertised value of each component of the tender, - Two similar works each costing not less than 40% of the advertised value of each component of the tender, - One similar work costing not less than 60% of the advertised value of each component of the tender. For subletting of work, the subcontractor must have successfully completed at least one work similar to the work proposed for subcontract, costing not less than 35% of the value of the work to be subletted, in the last 5 years. However, for subletting of work costing up to Rs 50 lakh, no previous work experience of the subcontractor is required. The value of similar works completed should be considered as follows: - If the final bill of similar nature of work has not been passed and final measurements have not been recorded, the paid amount including Statutory Deduction will be considered. - If final measurements have been recorded and work has been completed with negative variation, then also the paid amount including Statutory Deduction will be considered. - If final measurements have been recorded and work has been completed with positive variation but variation has not been sanctioned, original agreement value or last sanctioned agreement value whichever is lower shall be considered for judging eligibility. A payment of 90% or more of the contract value is mentioned as a criterion for substantially completed work. The average annual turnover of Rs 500 crore is mentioned as a requirement for a Public listed company. The amount of Rs 50 lakh is mentioned as the threshold for not requiring previous work experience for subletting.