Title: Pre-Qualification to Tender for the Rehabilitation of Armani Project, Akilo
Location: Akilo, Lagos State
IntroductionSubject | Requirement |
Financial capabilities | The Bidder shall demonstrate that it has access to, or has available, liquid assets, unencumbered real assets, lines of credit, and other financial means (independent of any contractual advance payment) sufficient to meet the construction cash flow requirements estimated to the value of NGN 800,000,000. |
Average Annual Construction Turnover | Minimum average annual construction turnover of NGN 1,000,000,000 calculated as total certified payments received for contracts in progress and/or completed within the last 3 years. |
Specific construction & contract Management Experience |
3 contracts, each of minimum value of NGN 800,000,000 ii. Less than or equal to 5 contracts, each of minimum value of NGN 500,000,000, for the above and any other contracts (substantially completed and under implementation) as prime contractor, joint venture member, or sub-contractor in the last 5 years. |