Gorakhpur Industrial Development Authority Tender

The bidder should have experience as per the specified criteria, including average annual turnover and experience in the last five years. The bidder should have completed works with a value, but the specific amount is not mentioned. However, it is mentioned that the bidder should have executed minimum quantities of certain items of work, such as cement concrete, earthwork, and other specified items, with quantities indicated in the Appendix. The bidder should have experience in construction work, with a total monetary value of construction work performed for each of the last five years. The bidder should have completed works of a similar nature, with a value of at least the specified amount in the Appendix, and should have executed at least 80% of the expected peak rate of construction in any one year. The bidder should have a minimum turnover of Rs. 5 Crore, and should be able to invest a minimum of 25% of the contract value during implementation. The bidder should also have liquid assets and/or availability of credit facilities of no less than the amount indicated in Appendix, which is usually the equivalent of the estimated cash flow for 3 months in peak construction period. The available bid capacity will be calculated based on the maximum value of civil engineering works executed in any one year during the last five years, which should be updated to the price level of the year indicated in Appendix. The bidder should have experience and resources sufficient to meet the aggregate of the qualifying criteria for the individual contracts. The bidder should demonstrate availability of personnel with adequate experience as required, and should have completed works with a value that can be used to calculate the available bid capacity. The calculation of available bid capacity is as follows: Assessed Available Bid capacity = (A*N*2 - B), where A is the maximum value of civil engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments and on-going works to be completed during the next few years. The bidding capacity is worked out by a formula that considers the maximum value of civil engineering works executed in any one year during the last five years, updated to the current price level at a rate of 10 percent per year. The formula is: Bidding Capacity = {[AxNxM]-B} Where: A = Maximum value of civil engineering works executed in any one year during the last five years (updated to the current price level at a rate of 10 percent per year). N = Number of years prescribed for completion of the works for which bids are invited. M = 2.0 B = Value, at the current price level, of existing commitments and on-going works to be completed during the next 1.5 years. The value of executed works shall be brought to the current costing level by enhancing the actual value of work done at a simple rate of 10% per annum. No specific percentage of similar works completed is mentioned, but the bidder's experience and capacity are evaluated based on their past work. The bidder should have completed works with a value that can be used to calculate the available bid capacity, and should have a minimum of 10% of the estimated cost as credit facilities, and should be able to invest a minimum of 25% of the contract value of work during implementation of the contract.