RITES Limited Tender

The required prior work experience for the bidder includes: 1. Execution of RCC work for Bridges with M25 grade and above concrete - 10294 Cum (in any one work individually) 2. Execution of Steel Reinforcement for RCC work for bridge work of minimum quantity 2050 MT (in any one work individually) The bidder should have completed at least one similar work of value minimum 25% of the estimated cost of work, in India in the last seven years prior to the last stipulated date for submission of the Bids. A weightage of 7% (compounded annually from the date of completion of the work to the last stipulated date for submission of the Bids) shall be given for equating the value of works to the last stipulated date for submission of the Bids. For example, for a similar work of Rs 1,00,000/- completed on 31.12.2017 and the last stipulated date for submission of the bids was 31.08.2020, the value of work that shall be considered after giving weightage is Rs 119833/-. The bidder should have a positive Net Worth of at least 15% of the estimated cost. The bidder should also have experience in similar works with a minimum annual financial turnover, but the exact amount is not specified in the given context. The bidder should be a profit-making firm, with profit (net) made during any two of the past 3 Financial Years immediately preceding the last stipulated date for submission of bids. The value of key activity shall be calculated after giving weightage. The bidder should furnish a tabular statement giving contract-wise quantities/amount of key activities executed in the last 7 years prior to the last stipulated date for submission of the bids, along with documentary proof in support thereof. The bidder should provide certificates from Government Organizations/Semi Government Organizations or Public Sector Undertakings, among others, to assess their eligibility. For substantially completed works, the bidder should provide a certificate containing three parts: - Part-I: Financial value of work done, PVC amount, and present contract value - Part-II: Certificate of functional completion of the project/work/asset - Part-III: Confirmation that no proceedings of termination of contract on the contractor's default have been initiated The bidder should also provide information on the actual date of start and completion of key activities, executed amount of key activity/component, and name of the client. The net worth of the bidder is also a consideration, with the bidder required to provide documents showing their net worth for the last financial year. In terms of specific values and percentages, the following are mentioned: - 10294 Cum (minimum quantity for RCC work for Bridges) - 2050 MT (minimum quantity for Steel Reinforcement for RCC work for bridge work) - 7% (weightage given for equating the value of key activity to the last stipulated date for submission of the Bids, compounded annually) - 25% (minimum value of similar work completed) - 15% (minimum Net Worth of the bidder) - 51% (equity stake required for a lead member of a Joint Venture)