View IFT /PQ / REOI / RFP / PPS Notice Details
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Amendment / Corrigendum No. : 1
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| Amendment / Corrigendum Text : | STD |
| Field Name | Old Value | New Value |
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| 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 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.12,50,000.00 (Taka Twelve lakh fifty thousand) only. Adequacy of minimum liquid assets i.e working capital substantiated credit line(s) by any scheduled Bank of Bangladesh in the format as specified (Letter of Commitment for Bank’s Undertaking for Line of Credit (Form e-PW2A-8),without alteration, issued not earlier than twenty eight (28) days prior to the day of the original deadline for submission of Tenders for this Contract as stated under ITT Sub Clause 14.1(b) |