As described in ITT Clause and TDS

As described in ITT Clause and TDS

The Project Manager is
[Name, address, and name of authorized representative]

The Project Manager is concern Upazila Engineer

The Defects Liability Period is [state months]

[usually Defect Liability Period is twelve (12) months to cover at least one complete monsoon season].
 

The Defects Liability Period is twelve (12) months from the date of completion.

The amount of Liquidated Damages or in other words Delay Damages for the uncompleted Works or any part thereof is [insert percentage] percent of its Contract price per day of delay.
[usually the percent-rate of liquidated damages is set at between 0.05 and 0.10 of ONE (1) percent of its Contract price per day of delay]
Guide to application of GCC Sub Clause 76.1 above
[ Liquidated damages is equivalent to an amount to be determined in accordance with the following formula
T LD = VUW x Px n
Where;
T LD = Total amount of Liquidated Damages
VUW = Value of Uncompleted Works (i.e. works not having been completed as of the expiry of the Intended Completion Date plus the works completed after the expiry of the Intended Completion Date). VUW shall be calculated by deducting the value of the completed works under the Contract from the total Contract price
P = Percent-rate at which the Liquidated Damages shall be imposed for every day of delay
n = No of days of delay for completion of works under the Contract]

The maximum amount of Liquidated Damages for the uncompleted Works or any part thereof is [insert percentage] percent of the final Contract price of the whole of the Works.

[ usually the total amount of liquidated damages shall not exceed ten (10) percent of the final Contract price for the whole of the Works]

 

The amount of Liquidated Damages or in other words Delay Damages for the uncompleted Works or any part thereof is 0.05% (percent) of its Contract price per day of delay.
The maximum amount of Liquidated Damages for the uncompleted Works or any part thereof is 10% (percent) of the final Contract price of the whole of the Works.

The percentage to apply to the contract value of the works not completed, representing the PEâ??s additional cost for completing the uncompleted Works, is [state percentage] percent.

[ usually between ten (10) to twenty (20) percent depending on the nature of the Works]
 

The percentage to apply to the contract value of the works not completed, representing the Procuring Entity’s additional cost for completing the uncompleted Works, is:
(i) A Compensation Assessment Committee Comprising of minimum 03 (Three) members shall be formed by the Procuring Entity / Project Manager to assess the Compensation to complete the remaining works as per latest LGED rate schedule. This Assessed Compensation would be the Estimated Cost of Uncompleted Contract Quantity as per latest LGED rate schedule less the Quoted amount of the sane by the Terminated Contractor representing in percent (%) w.r.t. Uncompleted Contract Amount of the Terminated Contract but in no case it shall be less than minimum 10(Ten)% of the Uncompleted Contract Amount.
 

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.

[a minimum of three (3) years would be deemed reasonable; 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 of at least [state number] contract(s) of similar 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 of contracts will depend upon the size and type of construction work, and the PE should make its own judgement based upon its experience in the sector and construction industry. For example, for large works, it could be one (1) contract of similar nature during the last three (3) years or five (5) years or ten (10) years (whichever appropriate); 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 value of the similar works is recommended to be between 50 and 75 percent of the estimated cost of the proposed work]

 

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

The minimum specific experience as a Prime Contractor or Management Contractor in construction works of at least 01contract(s) of similar nature, complexity and methods/construction technology successfully completed within the last 5(five) years, each with a value of at least Tk. 97.68 Lac

- Years counting backward from the date of publication of IFT in the newspaper
-The requirement of experience shall not be separately applicable for each individual lot/package
-Authenticated by completion certificate issued by relevant procuring entity (ies)
Experience as a subcontractor will not be taken into account.
 

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 twice the estimated annual cash flow for the Contract; however the multiplier may vary from 1.0 to 2.0, 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) years (as appropriate) ; years counting backward from the date of publication of IFT in the newspaper]
Example:

Estimated Contract Value: Tk 24 Cr.
Contract period: 18 months
Estimated Annual Cash Flow: Tk 16 Cr.
Required average annual construction turn over: Tk 24 Cr., using a multiplier of 1.5.
[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 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.
Example:

Contract Value: Tk 24 Cr.
Contract period: 18 months
Assuming work time: 1 month
Invoice period: 0.5 month
Certification Time: 0.5 month
Contingency Time: 1 month

Therefore, the minimum required liquid asset will be Tk 4 Cr., i.e. 3 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 required average annual construction turnover shall be greater than Tk 87.91 Lac only over a period of last 05[Five] years.

-Tender 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 entity (ies).
-Apart from payment received for construction works, the certified public work in progress (financial progress) or completed year wise by relevant procuring entity (ies) will be considered as construction turnover

The minimum amount of liquid assets or working capital or credit facilities of the Tenderer shall be Tk48.84 Lac

-Tender shall demonstrate the resource 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 entity (ies).

-Banking instrument - authenticated by bank statement, saving instrument from any scheduled 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 scheduled bank in the format as specified (Form PW2a-3) without alteration.Failing to that the tender shall be treated as non-responsive
-Banking instrument, 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 Tender for this Contract.
 

The minimum capacity shall be:[70%-80% of the official estimated cost]
The following formulae shall be used to calculate the Tender Capacity
Assessed Tender Capacity = (A*N*1.5-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

Note 1: In case the value of N is less than 12 (twelve) months the value of N shall be considered as 01 (one)
Note 2: In case of JV tender capacity requirement for leading partner shall be minimum 40% and for other partners shall be minimum 25%.
 

The minimum capacity shall be: 136.75 Lac
The following formulae shall be used to calculate the Tender Capacity
Assessed Tender Capacity = (A*N*1.5-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

Note 1: In case the value of N is less than 12 (twelve) months the value of N shall be considered as 01 (one)
Note 2: In case of JV tender capacity requirement for leading partner shall be minimum 40% and for other partners shall be minimum 25%.
 

Improvement of Mirgonj Hat GC Jaldhaka-Domar RHW (Kaligonj Klinic ) Via Shimulbari Asrayan Project Road.(Ch. 3850-5492m)(Raod ID-173362010). [Jaldhaka]

Improvement of Mirgonj Hat GC Jaldhaka-Domar RHW (Kaligonj Klinic ) Via Shimulbari Asrayan Project Road.(Ch. 3850-5492m)(Raod ID-173362010). [Jaldhaka]