View IFT /PQ / REOI / RFP / PPS Notice Details
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Amendment / Corrigendum No. : 1
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| Amendment / Corrigendum Text : |
ITT Clause No: 9. Experience Criteria
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| Field Name | Old Value | New Value |
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| TDS/PDS--C. Qualification Criteria-- | The minimum amount of liquid assets or working capital or credit facilities of the Tenderer shall be Tk [state amount]
[usually the required liquid asset is the equivalent of 2-6 months payment flow at the average construction rate (straight line distribution), accessible or available after taking into account the financial requirements of existing commitments. The actual period will depend on the speed with which the PE will pay the Contractorâ??s monthly certificate, allowing time to prepare an invoice, for the Project Managerâ??s time to certify it, and at least one month contingency for preparing the cheque and making actual payment.
Therefore, the minimum required liquid asset will be Tk. 6 lakh, i.e. 3 months cash flow based on the above assumptions.] |
The minimum amount of liquid assets or working capital or credit facilities of the Tenderer shall be Tk 35.00 lakh only. - Tenderer shall demonstrate the resources sufficient to meet the aggregate of the value for the individual contracts/contractual commitments in case participation is more than one package/lot from same procuring entity and other procuring entities. - Banking instruement -authenticated by bank statement, saving instruement from any schedule bank. -Working capital- authenticated by recent past Audit Reports. -Credit facilities - authenticated by credit sanctioned letter and bank statement of the credit account. -Credit line - authenticated by any schedule bank in the format as specified (Form PW2a) without alteration. -Banking instruement statement of Credit facilities and credit line issued not earlier than 28(twenty eight ) days prior to the day of the original deadline for submission of tenders for this contract. |
| TDS/PDS--C. Qualification Criteria-- | The required average annual construction turnover shall be greater than Tk [insert amount] over the last [state number] years.
[ the required average annual construction turn over is recommended to be about less than or equal to the estimated annual cash flow for the Contract; however the multiplier may vary from 0.30 to 1.00 ; [ years counting backward from the date of publication of IFT in the newspaper. The period may be best three (3) years in the last five (5) years or best five (5) years in the last ten (10) years (as appropriate)] |
The required average annual construction turnover shall be greater than Tk 125.00 lakh over the last five years [ years counting backward from the date of publication of IFT in the newspaper ]. For Turn over : Turn Over shall be calculated on the basis of Payment certificate only issued by respective PE. Tenderer shall demonstrate the resources sufficient to meet the aggregate of the value for the individual contracts/contractual commitments incase participation is more than one package/lot from same procuring entity and other procuring entities. - If any tenderer qualify more than one contract, cumulative experience criteria and financial criteria will be apply to select lowest tenderer. - A part from payment received for construction works, the certified public works in progress ( financial progress) or completed year wise by relevent procuring entities will be considered as construction turnover. |
| TDS/PDS--C. Qualification Criteria-- |
The minimum capacity shall be:[70%-80% of the official estimated cost]
Where
For Tenders where the package contains more than one (1) Lot, this qualification requirement shall be mentioned separately for each lot in the package |
The minimum Tender Capacity shall be: Tk. 80.00 Lac
Where
For Tenders where the package contains more than one (1) Lot, this qualification requirement shall be mentioned separately for each lot in the package |
| TDS/PDS--C. Qualification Criteria-- | A satisfactory completion of similar works of at least Tk [insert amount] under [state number] of contract(s) over a period of [state number] years shall be required. [the minimum value of the similar works under a single or multiple number of contract(s) is recommended to be between 50 and 75 percent of the estimated cost, rounded off to nearest Taka thousand, of the proposed work. years counting backward from the date of publication of IFT in the newspaper]
[for Tenders where the package contains more than one (1) lot, this qualification requirements, shall be mentioned separately for each lot in the package] |
A Satisfactory completion of similar works of at least Tk 75.00 lakh under 01 (One ) contract ( Bridge Work ) of over the last five years shall be required [ years counting backward from the date of publication of IFT in the newspaper]. |