Substantially Completed Works definition
Substantially Completed Works means the works where financial value of similar works satisfactorily completed till Bid Submission Date exceeds the similar work requirements as stipulated in Clause 16.1 of ITB. Substantial completion of works shall be supported by client certificates with the details of name of the work, name and extent of similar work, work order value, start date, percentage of similar work completed till date. In case the work was performed by the Bidder in JV, the percentage share of the Bidders in the work executed as JV should be clearly mentioned in the completion certificate. In case the work was performed by the bidder as a sub-Consultant, the bidder shall submit completion certificate awarded to it by the main Consultant.
Substantially Completed Works means the works where physical quantity and financial value of similar works satisfactorily completed till Bid Submission Date exceeds the similar work requirements as stipulated in Clause 16.1 of ITB. Substantial completion of works shall be supported by client certificates with the details of name of the work, name and extent of similar work, work order value, start date, percentage of similar work completed till date (both in physical and financial terms) etc. In case the work was performed by the Bidder in a JV, the percentage share of the Bidders in the work executed as JV should be clearly mentioned in the completion certificate. In case the work was performed by the bidder as a sub-contractor, the bidder shall submit similar completion certificate awarded to it by the main contractor.
Substantially Completed Works means the works where physical quantity and financial value of similar works satisfactorily completed till Bid Submission Date exceeds the similar work requirements as stipulated in Clause 16.1 of ITB. Substantial completion of works shall be supported by client certificates with the details of name of the work, name and extent of similar work, work order value, start date, percentage of similar work completed till date (both in physical and financial terms) etc. In case the work was performed by the Bidder in a JV, the percentage share of the Bidders in the work executed as JV should be clearly mentioned in the completion certificate. In case the work was performed by the bidder as a sub- contractor, the bidder shall submit similar completion certificate awarded to it by the main contractor. The similar work constitutes design, construction, supply, installation, testing and commissioning of inland vessels like propelled / non-propelled barge / pontoon or sea going vessels duly certified by any classification society or registering authorities under inland vessel act or any other relevant act / regulation.
More Definitions of Substantially Completed Works
Substantially Completed Works means the works where physical quantity and financial value of similar works are 80% completed till Bid Submission Date exceeds the similar work requirements as stipulated in Clause