Ministry Of Road Transport And Highways Tender

The important information given under the technical capacity header which is specifically related to prior work experience includes: * Average annual turnover of 40% of the value of contract/contracts applied for over the last 5 years. * Experience in successfully completing or substantially completing at least one contract of highway of at least 40% of the value of proposed contract within the last five years. * Substantially completed works means those works which are at least 90% completed as on the date of submission. * Weightage towards experience of the project would be given to each joint venture in proportion to their participation in the joint venture. Additionally, values like amount and percentage mentioned under this header include: - 10% of the estimated cost, which is the minimum amount of credit facilities required, certified by the bankers. - 25% of the contract value of work, which is the minimum amount the bidder undertakes to invest during the implementation of the contract. - 10% of the bid amount, which is the threshold for proposals for subcontracting elements of work. These requirements highlight the importance of prior work experience and financial capacity in evaluating the technical capacity of the applicant.Similar work or eligible projects experience includes: - Total monetary value of construction work performed for each of the last five years - Experience in works of a similar nature and size for each of the last five years - Details of works underway or contractually committed - Clients who may be contacted for further information on these contracts - Proposals for subcontracting components of the Works amounting to more than 10% of the Bid Price - Undertaking that the bidder will be able to invest a minimum cash up to 25% of contract value of work, during implementation of work. - Evidence of access to line(s) of credit and availability of other financial resources facilities (10% of contract value), certified by the Bankers - Minimum 10% of estimated cost, certified by the bankers. - Amount of advance payment for mobilization: 10% of the Contract price - Amount of advance payment for equipment: 90% for new and 50% of depreciated value for old equipment, subject to a maximum of 5% of the Contract price - Amount of advance payment for non-perishable materials: 75% of Invoice value - Maximum limit of liquidated damage for delay in completion of work: 10 per cent of the Initial Contract Price - Amount of Bonus for early completion of whole of the works: 1 per cent of the Initial Contract Price - Maximum limit of bonus for early completion of work: 6 per cent of the Contract Price