Auto-extracted from the official tender document
Minimum financial criteria bidders must meet
available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any contractual advance payment) sufficient to meet the contract execution cash flow requirements, net of the Tenderer's other commitments. Usually, the assets should be about 2-3 months cash flow requirements based on the estimated completion time. iii) The minimum amount of money required as an average annual turnover for the tenderer to demonstrate that the tenderer is a prime service provider. Usually, the minimum amount of money is about 2.50 times the estimated cost of the contract(s). iv) The amount of money required to determine specific experience of the tenderer based on the minimum size of contract(s) substantially completed and that are similar to the proposed contract. Normally the minimum amount of money required is about 80% of the estimated cost of the contract. 2 PART 1 - TENDERING PROCEDURES i) Section I-Instructions to Tenderers (ITT) This Section provides relevant information to help tenderers prepare their tenders. Information is also provided on the submission, opening, and evaluation of tenders and on the award of Contracts. Section I contains provisions that are to be used without modification by the Procuring Entity or by a Tenderer. ii) Section II-Tender Data Sheet (TDS) This Section includes provisions that are specific to each procurement and that supplement Section I, Instructions to Tenderers. This section shall be completed appropriately by the Procuring Entity and not by a Tenderer. In any case, the Procuring Entity shall not add any item in the TDS not included in the Standard Tender Document. iii) Section III - Evaluation and Qualification Criteria v This Section specifies the criteria to determine the Lowest Evaluated Tender that would be considered for contract award; that is the tenderer that meets the qualification criteria and whose tender has been determined to be: a) Substantially responsive to the bidding document, and b) The lowest evaluated cost. No other criterion shall be added by the Procuring Entity. Some parts of this section may be omitted by the Procuring Entity (and not by a Tenderer) to suit the subject procurement. For example, in some cases evaluation may not include Margin of Preference, so any reference to considerations for Margin of Preference will be omitted. The Procuring Entity will complete the parts of the Criterion only as guided and allowed in this section. For example, if the criterion provides “Post qualification and Contract ward” and lists an item that says “Other conditions…….” the Entity shall only include the conditions that are allowed in the Standard Tender Document.
i) Section I-Instructions to Tenderers (ITT) This Section provides relevant information to help tenderers prepare their tenders. Information is also provided on the submission, opening, and evaluation of tenders and on the award of Contracts. Section I contains provisions that are to be used without modification by the Procuring Entity or by a Tenderer. ii) Section II-Tender Data Sheet (TDS) This Section includes provisions that are specific to each procurement and that supplement Section I, Instructions to Tenderers. This section shall be completed appropriately by the Procuring Entity and not by a Tenderer. In any case, the Procuring Entity shall not add any item in the TDS not included in the Standard Tender Document.
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[{"equipment_type": "FORM OF TENDER"}, {"equipment_type": "ITT No.: [insert number of ITT process]", "ownership_requirement": "Owned"}, {"equipment_type": "(If none has been paid or is to be paid, indicate \u201cnone.\u201d)", "ownership_requirement": "Owned"}]