The minimum amount of financial resources as liquid asset or working capital or credit line(s) or specific credit commitment or in any combination of them, of the Tenderers 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 considering the financial requirements of existing commitments. The actual period will depend on the speed with which the Procuring Entity will pay the Contractor’s monthly certificate, allowing time to prepare an invoice, for the Project Manager’s time to certify it, and at least one-month contingency for preparing the cheque a

making actual payment.

Example:

Contract Price: Tk 4 Cr.

Contract period: 12 months

Assuming work time: 1 month

Invoice period: 0.25 month

Certification Time: 0.25 month

Contingency Time: 0.5 month

Therefore, the minimum required liquid asset will be Tk 0.66 Cr., i.e. 2 months cash flow based on the above assumptions.]

[for Tenders where the package contains more than one (1) lot, this qualification requirements shall be mentioned separately for each lot in the package]

[The formula for setting the LA is as follows:

LA = T/N xE, where E=Official Cost Estimate, T = Average Time interval in months for paying interim bill, usually 2-3 and N= Duration of Construction in months).]

The minimum amount of Liquid Assets i.e working capital or credit facilities of the tenderer shall be BDT. 140.00 Lakh only. Date will be counted between the date of publication of Tender notice & date of Tender submission. Liquid asset certificate must be submitted from schedule bank as per CPTU prescribed form. Certificate containing multiple Tender ID will be not acceptable & Bank statement will be allowed when as per CPTU prescribed Rules.[Otherwise not acceptable]