Page 01 of 13 - Indian Railways
Page 01 of 13 - Indian Railways
Page 01 of 13 - Indian Railways
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<strong>Page</strong> 09 <strong>of</strong> <strong>13</strong><br />
ELIGIBILITY CRITERIA FOR TENDER COSTING ABOVE 10.00 LAKH<br />
1 Should have completed in the<br />
last three financial years( i.e.<br />
current year and three previous<br />
years)<br />
2. Total contract amount received<br />
during the last 3(Three)<br />
financial years and in the<br />
current financial year.<br />
At least one similar single work for a minimum value <strong>of</strong> 35% <strong>of</strong><br />
advertised Tender value <strong>of</strong> work.<br />
Should be a minimum <strong>of</strong> 150% <strong>of</strong> the advertised tender value.<br />
Tender Committee would satisfy themselves about the<br />
authenticity <strong>of</strong> the certificates produced by the tenderer(s) to this<br />
effect which may be an attested certificate from the employer/<br />
client , audited balance sheet duly certified by the chartered<br />
Accountant etc. The details about the certificate to be accepted in<br />
regard to the turnover.<br />
(A) List <strong>of</strong> work completed in the last three financial years giving description <strong>of</strong> work,<br />
organization for whom executed , approximate value <strong>of</strong> contract at the time <strong>of</strong> award and<br />
date <strong>of</strong> scheduled completion <strong>of</strong> work. Date <strong>of</strong> actual start, actual completion and final<br />
value <strong>of</strong> contract should also be given.<br />
(B) List <strong>of</strong> work on hand indicating description <strong>of</strong> work, contract value, approximate value <strong>of</strong><br />
balance work yet to be done , date <strong>of</strong> award <strong>of</strong> work and payment received till date from the<br />
same contract.<br />
NOTE: (1) For (A) and (B) above related documents/certificates from the organizations<br />
with whom they worked /are working should be enclosed.<br />
(2) Certificates from private individuals for whom such work are executed /being<br />
executed shall not be accepted.<br />
SPECIAL CONDITION FOR RECOVERY OF TAXES<br />
1. Income Tax @ 2% (Two percent) on the Gross amount <strong>of</strong> each bill , with a surcharge <strong>of</strong><br />
15% (Fifteen percent ) on the Income Tax deducted, will be recovered from all the bills <strong>of</strong> the<br />
contractors in terms <strong>of</strong> Section-194 ( C) <strong>of</strong> Income Tax Act-1961 and Ministry <strong>of</strong> Finance<br />
circular No. 593 dtd. 05.02.1991.<br />
In case <strong>of</strong> any revision / alteration in taxes, received from the Income Tax Department, the<br />
same will be taken into account as per the directives.<br />
2. Sales Tax will be recovered from the contractors’ bills as per the rule, circulated by the<br />
concerned state Government.