Rail Vikas Nigam Limited Tender

The required prior work experience for the bidder includes execution as a contractor or subcontractor with specific requirements. The bidder should have completed at least one contract with a value of at least INR 33.69 Cr that has been successfully or substantially completed within the last seven years before the deadline for submission of the bids, and that is similar to the proposed work. Alternatively, the bidder should have completed at least two contracts, each with a value of at least INR 19.65 Cr, or two contracts of similar type of work with a combined value of at least INR 39.31 Cr. The similar work should meet the requirement of construction of Civil Engineering works involving multi-storied RCC/PSC framed structure buildings having 4 or more floors or height not less than 12 meters. The value of similar works completed should be updated to the current price level using the formula A = B [1+ (5÷36500) x N]. The bidder should submit actual Value of Work completed/substantially completed and actual construction turnover figures for the specified financial years, updated at 5% per year compounded annually. No specific percentage of similar works completed is mentioned. However, the bidder should submit details of the value of work and quantity of activity, along with references to documents that support the criteria. The bidder's average annual construction turnover should be considered, with the figures updated to the current price level. The minimum average net-worth requirement is INR 11.23 Crores during the last three financial years. The bid capacity calculation is provided, with the available bid capacity calculated as (A x N x 1.5 – 0.33 x N x B), where A is the maximum value of works executed in any one year, N is the number of years prescribed for completion of works, and B is the total value of existing commitments.