Bidders shall have the following experience and qualification requirements (the aggregate requirements must be satisfied when bidding for both lots):
i. Minimum average annual construction turnover: Lot 1:XCD $4,100,000.00 and Lot 2: XCD $5,200,000.00 calculated as total certified payments received for contracts in progress and/or completed within the last three (3) years, divided by three (3) years
ii. 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 as: Lot 1: XCD 935,000.00 and Lot 2: XCD 1,200,000.00
iii. A minimum of one similar contract that has been satisfactorily and substantially completed as a prime contractor, joint venture member , management contractor or sub-contractor between 1st January 2013 and application submission deadline: valued at: Lot 1: XCD 2,300,000.00 and Lot 2: XCD 2,900,000.00
iv. Experience under construction contracts in the role of prime contractor, JV member, sub-contractor, or management contractor for at least the last five (5) years, starting 1st January 2013.