• The bidder must provide certified financial statements for the past five (5) years (2020, 2021, 2022, 2023, and 2024);

• The bidder must have average annual revenue of at least USD 20,000,000 (twenty million US dollars) over the past five (5) years;

• The bidder must provide evidence of liquid assets and/or credit facilities of at least USD 3,500,000 (three million five hundred thousand US dollars); a bank statement for the line of credit or credit facility must be provided for this purpose.

• The bidder must provide evidence of having satisfactorily and substantially completed, as a main contractor, member of a consortium, general contractor, or subcontractor, a minimum number of similar contracts as stipulated below, executed within the past fifteen (15) years from January 1, 2010, to the bid submission deadline:
(i) Two (2) contracts with a minimum value of twenty million US dollars (USD 20,000,000) each, which have been satisfactorily executed and substantially completed; or

(ii) One (1) contract valued at least forty million US dollars (USD 40,000,000) that has been satisfactorily executed and substantially completed.

Each contract submitted under this criterion must include both components of the work and meet the following minimum essential requirements:

(i) Rehabilitation work on hydroelectric power plants with an installed capacity of at least 10 MW, including the supply, installation, and commissioning of turbine-generator units (with units having a capacity of at least 3 MW each);

(ii) Rehabilitation work on pumping stations, including the supply, installation, and commissioning of bay and control equipment with a capacity of at least 10 MW.

Note: Only similar contracts supported by a certificate of completion or acceptance report will be considered.