UP Jal Nigam Tender

The required prior work experience for the bidder includes: - Three similar works each costing not less than 30% of the estimated cost of work put to bid, - Two similar works costing not less than 40% of the estimated cost of work put to bid, - One similar completed work costing not less than 60% of the estimated cost of work put to bid. At least one completed work of similar nature should have been executed with a Central/ State Government Organisation, costing not less than 30% of the estimated cost put to tender. The value of executed works shall be brought to the current cost level by enhancing the actual value at the rate of 7% per annum at a simple rate. Similar work shall mean Construction of “RCC Framed Structure Building Works.” Additionally, the bidder should have average annual financial turnover during the immediate last 3 consecutive financial years ending 31.03.2024 or latest on construction work, which should be at least 30% of the estimated cost put to tender. The bidder should also have a solvency of minimum 40% of the estimated cost put to tender. The available bid capacity of the bidder at the expected time of bidding shall be more than the total estimated cost of the work for which the tender is invited. The assessed available bid capacity is calculated using the formula: Assessed Available Bid Capacity = 2 x A x N – B, where A is the maximum turnover during the last five financial years, N is the stipulated period of execution of the work, and B is the value of existing commitments to be completed during the execution period of the bid. The turnover shall be corrected to the current level of value by multiplying with the updation factor. The percentages of similar works completed are 30%, 40%, and 60% of the estimated cost of work put to bid. The amount of similar works completed is not explicitly mentioned, but it is related to the estimated cost of the work put to bid.