a)Experience
The Tenderer should have experience of having successfully completed similar works during last seven years ending 31-07-2020 should be either of the following :-
i) Three similar completed works each costing not less than Rs. 1.00 crore.
(OR)
ii) Two similar completed works each costing not less than Rs. 1.25 crore .
(OR)
iii) One similar completed work costing not less than Rs.2.00 crores.

b) Financial Turnover
Average Annual Financial turnover of the tenderer during the last three financial years, ending 31st March, 2019 (viz. 2016-17, 2017-18 and 2018-„19) should be atleast Rs.75.00 Lakhs
c) At the time of submission of Bids, the tenderer should own the offered Water Barge for providing service at Cochin Port (furnish self attested/notarized copy of ownership document of the offered Water Barge)
OR
The tenderer should arrange to construct a new Water Barge/purchase an existing Water Barge from elsewhere and provide the Water Barge within 6
months from the date of issue of Letter of Acceptance (LoA) (furnish self attested/notarized copy of Agreement/MOU with the builder of the Water Barge /Owner of an existing Water Barge as applicable).
Explanatory notes:-
Note1 :- “Similar works” means “ Hiring/Supply, Manning, Technical Operation and Maintenance of Sea Going Vessels in Major Ports/Minor Ports/Private Ports/Other Reputed Govt/Private Organisations.”
Note 2:- Tenderer should submit self attested/notarized copies of Work Order/Contract Agreement/Lease Agreement and certificate of satisfactory completion from the Client in support of contracts having been executed as proof. Note 3:- Following enhancement factors will be used for the costs of works executed for bringing the financial figures to a common base value in respect of the works completed in past years. Table 1.1
Year before                                          Multiplying factor
One year [July 2019]                               1.07
Two years [July 2018]                             1.14
Three years [July 2017]                          1.21
Four years [July 2016]                            1.28
Five years [July 2015]                             1.35
Six years [July 2014]                               1.42
Note 4:- The experience certificate of works executed in private sectors/organizations shall be considered for qualification, on submission of TDS certificate along with work order and completion certificate.
Note 5:- The bidders who have successfully completed atleast one year of ongoing contracts for similar works as on 31-07-2020 and the value of the completed portion of the contract is meeting the criteria specified under Clause 2(a) above, shall also be considered based on documentary proof issued by the clients.
Note 6:- A statement duly certified by the Chartered accountant showing the average annual Financial Turnover during the last three financial years, (viz. 2016-17, 2017-18 and 2018-„19) and audited financial statements for the above three financial years should be submitted.