Modern Coach Factory Tender

The required prior work experience for the bidder includes work experience certificates issued by any Government organization or Public listed company having an average annual turnover of Rs 500 crore and above in the last 3 financial years. The bidder must have successfully completed or substantially completed any one of the following categories of work(s) during the last 07 (seven) years: - Three similar works each costing not less than the amount equal to 30% of advertised value of the tender, - Two similar works each costing not less than the amount equal to 40% of advertised value of the tender, - One similar work costing not less than the amount equal to 60% of advertised value of the tender. A work is considered similar in nature for fulfillment of technical credentials, and the overall cost, including the PVC amount (if paid), of that completed work or substantially completed work, is considered. The percentage of similar works completed is 90% or more of the present contract value, excluding the payment made for adjustment of Price Variation (PVC), if any. For substantially completed work, the total gross amount already paid, including the PVC amount (if paid), as mentioned in the certificate, is considered as the cost of substantially completed work. The concept of "substantially completed work" is also considered, which means an ongoing work where payment equal to or more than 90% of the present contract value has been made to the contractor.