New Okhla Industrial Development Authority Tender

The required prior work experience for the bidder includes having successfully completed works during the last 7 years with Govt./Semi Govt./ PSU only. The experience requirements are as follows: - Three similar completed works each costing not less than the amount equal to 40% of the estimated cost put to tender, which is 121314200.00. - Or, two similar completed works each costing not less than the amount equal to 60% of the estimated cost put to tender, which is 181971300.00. - Or, one similar completed work costing not less than the amount equal to 80% of the estimated cost put to tender, which is 242628400.00. These values represent 40%, 60%, and 80% of the estimated cost, respectively. The performance of the firm has been found good and they are considered capable of execution of project of large magnitude. Regarding the value and percentage of similar works completed, the dealings of the firms have been observed to be cordial and reasonable, and the financial position of the firm appears to be sound. However, specific values and percentages are not provided except for the mentioned amounts and percentages. The bidder is also required to have a certain amount of solvency, which is 40% of the total estimated cost put to tender.