Irrigation Department Tender

The required prior work experience for the bidder includes having successfully completed similar nature of civil works during the last 7 years. The specific requirements are as follows: - Three similar completed works costing not less than 40% of the estimated cost. - Two similar completed works costing not less than 50% of the estimated cost. - One similar completed work costing not less than 80% of the estimated cost. The experience will be updated by giving 8% simple weightage per year to bring them to the current financial year price level. Additionally, the bidder's average annual financial turnover during the last 3 years should be at least 30% of the COST OF WORK (without G.S.T). The valuation of work in Experience and in Bid Capacity may be updated to the price level of the last year at the simple rate of 8 per cent a year. Note that the information provided does mention specific values and percentages of similar works completed, which are 40%, 50%, and 80% of the estimated cost for the respective number of similar completed works.