Irrigation Department Tender

The required prior work experience for the bidder is specified in terms of the minimum number of contracts and the minimum value of a single contract. For one contract, the bidder should have experience of N contracts, each of minimum value V. For multiple contracts, the minimum requirements for combined contract(s) shall be the aggregate requirements for each contract for which the applicant has applied. The bidder should have a minimum average annual construction turnover of INR (50% cost of the work/time period for completion in years) calculated as total certified payments received for contracts in progress or completed within the last 3 years, including the base year. For joint ventures, the requirement is as follows: - Each partner must meet 25% of the requirement. - All partners combined must meet 50% of the requirement. - One partner must meet the requirement. The bidder must have general construction experience under construction contracts in the role of Prime contractor, for at least the last 5 years prior to the bid submission deadline. Additionally, the bidder must have specific construction experience, including participation as a prime contractor in at least one contract that was started and has been successfully completed in any one year in the last five years, with a value of at least 25% of the estimated cost of the work, and that are similar to the proposed works. No specific percentage of similar works completed is mentioned, but the contract value for specific construction experience should be at least 25% of the estimated cost of the work. The available bid capacity will be calculated based on the maximum value of civil engineering works executed in any one year during the last five years, updated to the price level of the last year at a rate of 10 percent per year. The assessed available bid capacity is calculated as (A*N*M - B), where A is the maximum value of civil engineering works, N is the number of years prescribed for completion of the works, M is 2.5, and B is the value of existing commitments and ongoing works. The bidder's net worth should be positive, and all pending litigation should not represent more than 50 percent of the bidder's net worth. Values like amount are mentioned in terms of the maximum value of civil engineering works executed in any one year during the last five years, and the value of existing commitments and ongoing works. The amount put to bid will be indexed at the rate of 10% per year. The bidder should submit audited balance sheets for the last 3 years to demonstrate the current soundness of the bidder's financial position and its prospective long-term profitability. The bidder's net worth, calculated as the difference between total assets and total liabilities, should be positive. The bidder should also submit information on their historical financial performance and average annual construction turnover using forms FIN 1 and FIN 2, respectively. Additionally, the bidder should submit forms FIN 3 and FIN 4 to demonstrate access to or availability of liquid assets, lines of credit, or other financial resources. Joint ventures are allowed for tenders more than Rs 10.00 Crore.