Uttar Pradesh Rajkiya Nirman Nigam Tender

The required prior work experience for the bidder is related to the bidding capacity, which is calculated based on the maximum value of civil engineering works executed in any one year during the last five years. The bidding capacity should be equal to or more than the estimated cost of the work put to tender. The bidder should furnish a list of all works of similar nature successfully completed during the last seven years. Similar work is defined as experience in Building and Renovation work, where both works are required. No specific percentage of similar works completed is mentioned. However, the bidder should have an Average annual financial turnover of a specified amount on Civil/electrical construction works during the last three consecutive financial years, and the bidder should have average annual turnover worth minimum 40% of the estimated cost. The amount and percentage values mentioned are: - Average annual financial turnover of a specified amount (value not provided) - 40% of the estimated cost - 10% of the value of the contract/contracts for liquid assets and/or credit facilities - 25% of contract value for minimum cash investment during implementation of work. The bidding capacity is calculated using the formula: Bidding Capacity = {[AxNxM]-B}, where A is the maximum value of civil Engineering works executed in any one year during the last five years, N is the number of years prescribed for completion of the works, and B is the value of existing commitments and on-going works to be completed during the next 1.5 years. The value of executed works shall be brought to the current costing level by enhancing the actual value of work done at a simple rate of 7% per annum.