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Amendment / Corrigendum No. : 1
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| Amendment / Corrigendum Text : | Correction Liquid Asset & Tender Capacity |
| Field Name | Old Value | New Value |
|---|---|---|
| Eligibility of Consultant | AS PER TDS |
AS PER TDS |
| TDS/PDS--C. Qualification Criteria-- | The minimum number of years of general experience of the Tenderer in the construction works as Prime Contractor shall be 5(Five) years.
1. Years will be counted 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 shall be 5(Five) years.
1. Years will be counted backward from the date of publication of IFT in the newspaper. |
| TDS/PDS--C. Qualification Criteria-- | 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 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: Tk.3,00,00,000.00 (Three Crore) Only. 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 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) |
| TDS/PDS--C. Qualification Criteria-- | 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 of the Tenderer shall be Tk.1,20,00,000.00 ( One Crore Twenty Lac Only) Bank Statement / credit line(s) issued by any scheduled Bank of Bangladesh not earlier than 28 (twenty-eight) days prior to the day of the original deadline for submission of Tenders for the Contract.
Credit line(s) issued by any scheduled Bank of Bangladesh in the Supporting necessary documents required are as follows:
-Liquid Assets: authenticated by bank statement from any schedule bank substantiated by bank statement having previous date’s closing balance with three (3) months transaction details; |
| Brief Description of Goods,Works or Service | MAN/SIN/4056/07 |
MAN/SIN/4056/07 |