Common use of Experience Criteria Clause in Contracts

Experience Criteria. (a) The Bidder should have: (i) The Bidder should have Developed/ Constructed a single Project of a minimum built up area (RCC Structure/ Combination of RCC-Steel Structure including parking ) and Project Value as specified in Clause 2 Bid Summary item 15 in last 3 (three) years from the date of issue of RFP. (ii) The Bidder should have Developed/ Constructed a total built up area (RCC Structure/ Combination of RCC-Steel Structure including parking ) and Project Value comprising not more than 5 Projects of worth not less than the value specified in Clause 2 Bid Summary item 15 in the last 5 (five) years from the date of issue of RFP. (b) Development shall mean responsibility for financing/investing of a project; and planning, designing, constructing, commissioning etc. of the Project directly or through a contractor. (c) Construction shall mean responsibility for physical construction of a project of other business entities as a contractor.