Technical Capacity. (i) For demonstrating technical capacity and experience (the "Technical Capacity"), the Bidder shall, over the past [5 (five)] financial years preceding the Bid Due Date, have received payments for the construction of Eligible Project(s), or has undertaken construction works by itself in a PPP project, such that the sum total thereof, as further adjusted in accordance with clause 2.2.2.5 (i) & (ii), is more than [1.0 times the Estimated Cost of Project] (the "Threshold Technical Capacity"). (ii) The sole Bidder or in case the Bidder is a Joint Venture, the lead member of the Joint Venture shall have completed at least one similar Major Bridge/ROB/Flyover project in the last 5(FIVE) financial years preceding the Bid Due Date, of the total length of at least one structure excluding approaches not less than 40% of the total length of the proposed structure excluding approaches and also the cost of such similar project shall be at least 20% of the Estimated Project Cost. For this purpose, a project shall be considered to be completed, if more than 90% of the value of work has been completed and such completed value of work is equal to or more than 20% of the Estimated Project Cost. (iii) The updation factor to update the price of the eligible projects for the year is indicated below:
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Sources: Engineering Procurement and Construction (Epc) Agreement, Engineering Procurement and Construction (Epc) Agreement