South Eastern Railway Tender

The bidder must have successfully completed or substantially completed any one of the following categories of work(s) during the last 07 years: - Three similar works each costing not less than 30% of the advertised value of the tender, - Two similar works each costing not less than 40% of the advertised value of the tender, - One similar work costing not less than 60% of the advertised value of the tender. In case of composite works, the tenderer must have successfully completed or substantially completed any one of the following categories of work(s) during the last 07 years: - Three similar works each costing not less than 30% of the advertised value of each component of the tender, - Two similar works each costing not less than 40% of the advertised value of each component of the tender, - One similar work each costing not less than 60% of the advertised value of each component of the tender. For a subcontractor, the required prior work experience is at least one work similar to the work proposed for subcontract, costing not less than 35% of the 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 is required. The overall cost including the PVC amount of that completed work or substantially completed work shall be considered and no separate evaluation for each component of that work shall be made to decide eligibility. The average annual contractual turnover shall be calculated as an average of "total contractual payments" in the previous three financial years, as per the audited balance sheet, with a minimum average annual contractual turnover of V/N or V, whichever is less, where V = Advertised value of the tender in crores of Rupees, N = Number of years prescribed for completion of work for which bids have been invited. For example, for works estimated to cost up to 1 crore, the Bid Security shall be 2% of the estimated cost of the work, and for works estimated to cost more than 1 crore, the Bid Security shall be 2 lakh plus 0.5% of the excess of the estimated cost of work beyond 1 crore, subject to a maximum of 1 crore.