As per TDS

As per TDS

The minimum number of years of general experience of the Tenderer in the construction works as Prime Contractor or Subcontractor or Management Contractor shall be [state number] years.

[Determination of general experience shall be subject to factors like market situation, complexity, value and nature of procurement. For example, it may be three (3) years for common type of procurement; years counting backward from the date of publication of IFT in the newspaper.] 

The minimum number of years of general experience of the Tenderer in the construction works as Prime Contractor or Subcontractor or Management Contractor shall be 5 years.

[Determination of general experience shall be subject to factors like market situation, complexity, value and nature of procurement. For example, it may be three (3) years for common type of procurement; years counting backward from the date of publication of IFT in the newspaper.] 

The minimum specific experience as a Prime Contractor or Subcontractor or Management Contractor in construction works under public sector of at least [state number] contract(s) of [state the nature, complexity and methods/construction technology] successfully completed within the last [state number] years, each with a value of at least Tk. [state amount].

[The minimum ‘number’, ‘years’ and ‘value’ stated above will depend upon the market situation, complexity, value and nature of procurement., size and type of construction work. The Procuring Entity should make its own judgement based upon its experience in the sector and construction industry. For example, it could be one (1) contract of similar nature having contract price between 50% and 80% of the official cost estimate of the current tender, during the last three (3) years or five (5) years or ten (10) years or twenty(20) years considering any specific procurement requirements (whichever appropriate but it shall be mutually exclusive from the requirement of ITT 13.1(a)); 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, only when applicable, shall be mentioned separately for each lot in the package] 

The minimum specific experience as a Prime Contractor or Subcontractor or Management Contractor in construction works under public sector of at least 1 contract(s) of road cutting repair work successfully completed within the last 5 years, each with a value of at least Tk. 65 lac

[The minimum ‘number’, ‘years’ and ‘value’ stated above will depend upon the market situation, complexity, value and nature of procurement., size and type of construction work. The Procuring Entity should make its own judgement based upon its experience in the sector and construction industry. For example, it could be one (1) contract of similar nature having contract price between 50% and 80% of the official cost estimate of the current tender, during the last three (3) years or five (5) years or ten (10) years or twenty(20) years considering any specific procurement requirements (whichever appropriate but it shall be mutually exclusive from the requirement of ITT 13.1(a)); 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, only when applicable, shall be mentioned separately for each lot in the package] 

The required average annual construction turnover under public sector shall be greater than Tk [insert amount] over the last [state number] financial years or best [state number] years in the last [state number] financial years.

[ the required average annual construction turnover is recommended to be equal to the estimated annual cash flow for the proposed Contract; however, the multiplier may vary from 0.4 to 0.75 the larger the Contract size the lesser the multiplier should be. The period may be best three (3) years in the last five (5) years or best five (5) years in the last ten (10) financial years]

Example:

Estimated Contract Price:                                     Tk 4 Cr.
Contract period:                                                    12 months
Estimated Annual Cash Flow:                              Tk 4 Cr.
Required average annual construction turnover: Tk 2 Cr., using a multiplier of 0.5.

[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 AACT is as follows:
AACT = E/N xF, where E=Official Cost Estimate, F = Multiflying Factor, (F=0.4-0.75 and N= Duration of Construction in years, (N≥1).]
 

The required average annual construction turnover under public sector shall be greater than Tk 90.0 lac over the last 5 financial years 

[ the required average annual construction turnover is recommended to be equal to the estimated annual cash flow for the proposed Contract; however, the multiplier may vary from 0.4 to 0.75 the larger the Contract size the lesser the multiplier should be. The period may be best three (3) years in the last five (5) years or best five (5) years in the last ten (10) financial years]

Example:

Estimated Contract Price:                                     Tk 4 Cr.
Contract period:                                                    12 months
Estimated Annual Cash Flow:                              Tk 4 Cr.
Required average annual construction turnover: Tk 2 Cr., using a multiplier of 0.5.

[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 AACT is as follows:
AACT = E/N xF, where E=Official Cost Estimate, F = Multiflying Factor, (F=0.4-0.75 and N= Duration of Construction in years, (N≥1).]
 

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 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 21 lac

[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 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 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 21 lac

[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 capacity shall be: [60%-75% of the official cost estimate]

The following formulae shall be used to calculate the Tender Capacity

Assessed Tender Capacity = (A*N*1.25-B)

Where

A=Maximum value of Works performed in any one year during last five years
N= Completion time of the proposed work in years
B= Value of Existing commitments and works to be completed during the next N Years

For Tenders where the package contains more than one (1) Lot, this qualification requirement shall be mentioned separately for each lot in the package.

Note 1: In case the value of N is less than 12 (twelve) months the value of N shall be considered as 01 (one) 

The minimum capacity shall be: 65 lac

The following formulae shall be used to calculate the Tender Capacity

Assessed Tender Capacity = (A*N*1.25-B)

Where

A=Maximum value of Works performed in any one year during last five years
N= Completion time of the proposed work in years
B= Value of Existing commitments and works to be completed during the next N Years

For Tenders where the package contains more than one (1) Lot, this qualification requirement shall be mentioned separately for each lot in the package.

Note 1: In case the value of N is less than 12 (twelve) months the value of N shall be considered as 01 (one) 

Repairing of road cutting at G block AC masjid road, H block 1 no road, I block 10 no road and 12 no lane, Abdul motaleb contractor road and Anandadhara residential road at 25 no ward

Repairing of road cutting at G block AC masjid road, H block 1 no road, I block 10 no road and 12 no lane, Abdul motaleb contractor road and Anandadhara residential road at 25 no ward