4.	Participation in this bidding process is open to all interested international and national bidders. The attention of interested bidders is drawn to the key qualification and award criteria detailed in the Bidding Document, which include:
a.	Historical Financial Performance
Submission of audited financial statements or, if not required by the law of the Bidder’s country, other financial statements acceptable to the Employer, for the last three (3) years (2020, 2021 & 2022) to demonstrate the current soundness of the Bidder’s financial position. As a minimum, the Bidder’s net worth for the last year calculated as the difference between total assets and total liabilities should be positive.
b.	Average Annual Construction Turnover
Minimum average annual construction turnover of US$ 8,000,0000 (Eight Million United States Dollars) calculated as total certified payments received for contracts in progress or completed, within the last three (3) years (2020, 2021 & 2022).
c.	Financial Resources
For Single Entities
The Bidder must demonstrate that its financial resources defined in FIN - 3, less its financial obligations for its current contract commitments defined in FIN - 4, meet or exceed the total requirement for the Subject Contract of US$ 2,500,000.00 (Two Million and Five Hundred Thousand United States Dollars).
d.	Construction Experience
Participation as a contractor or Joint Venture partner in at least two contracts that have been successfully or substantially completed between 1st January 2017 and bid submission deadline and that are similar to the proposed works, where the value of the Bidder’s participation under each contract exceeds US$ 3,000,000.00 (Three Million United States Dollars).
The similarity of the contracts shall be based on Section 6, Employer’s Requirements and Scope of Works, specifically Supply and Installation of New MV, LV Line 20KV/0.4KV and Transformer of Power Distribution Network.
e.	Construction Experience in Key Activities
For the above and any other contracts [substantially completed and under implementation] as prime contractor or joint venture member between 1st January 2017 and Bid submission deadline,
a minimum construction experience in the following key activities successfully completed:

	
1.	Supply and Installation of 100,000 Meters long MV Lines in one contract
2.	Supply and Installation of 50,000 Meters long LV lines in one contract
3.	Supply and Installation of 40 Transformers in one contract