Firm that has completed at least Two (02) projects of similar size and complexity as a contractor or management contractor with a minimum value of as per 3.0 M cash flow/ that has been successfully or is turn over substantially completed and that are similar to the proposed works. The similarity shall be based on the physical size, complexity, methods, technology or other characteristics as indicated in these Bidding Documents. (Letter of Award & Completion Certificates are must to be provided). FINANCIAL COMPETENCE AND ACCESS TO FINANCIAL RESOURCES The financial position of the bidder shall be checked as per following details: SOUNDNESS AND ACCESS TO FINANCIAL RESOURCES: Bidder must demonstrate access to, or availability of, financial resources such as “The liquid assets, unencumbered real assets, of credits, and other financial means, other than any contractual advance payments, to meet the financial requirements of the contract in the amount of his bid. As a minimum the Bidder must show that his resources, in term of at least his latest years working capital and line of credits, will be adequate to cover an amount equivalent to his bid price and current work commitments i.e. [Working capital + Project specific lines of credit*– current contract commitments] > Working capital is the difference between current assets and current liabilities and measures the firm’s ability to generate cash in the short term.” *Any line of credit indicated for this (tendered) project needs to have been certified by the Bank and the said certificate is enclosed with this Appendix. Only that Credit line Certificate shall be considered which shall be issued within Six (06) months of the date of submission of Bid.
Firm that has completed at least Two (02) projects of similar size and complexity as a contractor or management contractor with a minimum value of as per 3.0 M cash flow/ turn over that has been successfully or is substantially completed and that are similar to the proposed works. The similarity shall be based on the physical size, complexity, methods, technology or other characteristics as indicated in these Bidding Documents. (Letter of Award & Completion Certificates are must to be provided). FINANCIAL COMPETENCE AND ACCESS TO FINANCIAL RESOURCES The financial position of the bidder shall be checked as per following details: SOUNDNESS AND ACCESS TO FINANCIAL RESOURCES: “The Bidder must demonstrate access to, or availability of, financial resources such as liquid assets, unencumbered real assets, of credits, and other financial means, other than any contractual advance payments, to meet the financial requirements of the contract in the amount of his bid. As a minimum the Bidder must show that his resources, in term of at least his latest years working capital and line of credits, will be adequate to cover an amount equivalent to his bid price and current work commitments i.e. [Working capital + Project specific lines of credit*– current contract commitments] > Working capital is the difference between current assets and current liabilities and measures the firm’s ability to generate cash in the short term.” *Any line of credit indicated for this (tendered) project needs to have been certified by the Bank and the said certificate is enclosed with this Appendix. Only that Credit line Certificate shall be considered which shall be issued within Six (06) months of the date of submission of Bid.
RM-CV-PN-15-05-11.docx