Ircon International Limited Tender

The required prior work experience for the bidder includes successfully completing or substantially completing any one of the following categories of work(s) during the last 07 (seven) years: 1) Three similar works each costing not less than 30% of the advertised value of the tender, 2) Two similar works each costing not less than 40% of the advertised value of the tender, 3) One similar work each costing not less than 60% of the advertised value of the tender. Similar works are defined as "Preparation of Detail Project Report (DPR) for BG track works of Indian Railways or Metro works". Work experience certificate from private individual shall not be considered, but certificates from Govt. Organization or Public listed company having average annual turnover of Rs 500 crore and above in last 3 financial years are considered. For works estimated to cost up to ₹ 1 crore, the bid security should be 2% of the estimated cost of the work. For works estimated to cost more than ₹ 1 crore, the bid security should be ₹ 2 lakh plus ½% (half percent) of the excess of the estimated cost of work beyond ₹ 1 crore, subject to a maximum of ₹ 1 crore. Additionally, the subcontractor must have successfully completed at least one work similar to the work proposed for subcontract, costing not less than 35% value of the work to be subletted, in the last 5 years. However, for subletting of work costing up to Rs 50 lakh, no previous work experience of the subcontractor shall be asked for.